GREER, S.C., June 30 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. today reported sales results for the 4-week period ("June") and the three-months ("2nd Quarter") ending June 28, 2006. Average weekly sales for all stores decreased by 2.5% for the month and by 0.5% for the quarter. Same-store sales decreased by 3.3% for the month and by 1.7% for the quarter. Other details follow:
(Unaudited)
June 2nd Quarter
2006 2006
Total sales (000's) $63,300 $209,000
Change from prior year -5% -3%
Same stores (open at least 18 mos.) -3.3% -1.7%
Average weekly sales (all Ryan's units) -2.5% -0.5%
At June 28, 2006, the Company owned and operated 334 restaurants.
Financial results for the third quarter 2006 are expected to be released on August 2, 2006. In addition, the Company's next accounting period consists of 5 weeks, ending on August 2, 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.
