Ryan's Restaurant Group, Inc. Reports Sales Results for April 2005
May 09 2005 - 10:45AM
PR Newswire (US)
Ryan's Restaurant Group, Inc. Reports Sales Results for April 2005
GREER, S.C., May 9 /PRNewswire-FirstCall/ -- Ryan's Restaurant
Group, Inc. (NASDAQ:RYAN) today reported sales results for the
5-week period ending May 4, 2005 ("April"). Same-store sales for
April decreased by 4.9%. Other details and comments follow:
(Unaudited) April 2005 Total sales (000's) $81,700 Change from
prior year -2% Average unit sales: Same stores (open at least 18
mos.) -4.9% All stores (includes new units) -4.5% Management noted
that Easter Sunday occurred in April during 2004 and in March
during 2005. Easter Sunday is always a high sales day, and when it
occurs in different months, its inclusion or exclusion increases or
decreases same-store sales results, respectively. The following
table restates same- store results for March and April 2005 by
excluding the week that includes Easter in column (2): Same-Store
Sales (1) (2) As Excluding Reported Easter Week March 2005 -2.9%
-3.8% April 2005 -4.9% -3.7% Management also noted that average
unit sales for Easter Day 2005 (March 27th) were up 2.2% compared
to Easter Day 2004 (April 11th). At May 4, 2005, the Company owned
and operated 346 restaurants. The Company's next accounting period
consists of 4 weeks and ends on June 1, 2005. Forward-Looking
Information: In accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the Company
cautions that the statements in this press release that are
forward- looking involve risks and uncertainties that may impact
the Company's actual results of operations. For a more thorough
discussion of these risks, uncertainties and other factors, please
refer to the Company's annual report on Form 10-K for the fiscal
year ended December 29, 2004. DATASOURCE: Ryan's Restaurant Group,
Inc. CONTACT: Fred T. Grant, Jr., Senior Vice President - Finance
of Ryan's Restaurant Group, Inc., +1-864-879-1000 Web site:
http://www.ryansrg.com/
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