GREER, S.C., June 2 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. today reported sales results for the 4-week period ended May 31, 2006 ("May"). Same-store sales for May decreased by 1.7%. Other details and comments follow:
(Unaudited)
May
2006
Total sales (000's) $65,300
Change from prior year -3%
Same-store sales (open at least 18 mos.) -1.7%
Average weekly sales (all Ryan's units) -0.4%
Management believes that May's softer sales result from the adverse impact of higher gasoline prices on the discretionary spending of its customer base.
At May 31, 2006, the Company owned and operated 336 restaurants.
The Company's next accounting period consists of 4 weeks, ending on June 28, 2006.
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 28, 2005.
