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RYAN'S FAMILY STEAK HOUSES, INC. REPORTS RECORD SECOND QUARTER 1992 RESULTS

 RYAN'S FAMILY STEAK HOUSES, INC.
 REPORTS RECORD SECOND QUARTER 1992 RESULTS
 GREER, S.C., July 15 /PRNewswire/ -- Ryan's Family Steak Houses, Inc. (NASDAQ-NMS: RYAN) reported record revenues and earnings for the second quarter and first six months of 1992.
 Second quarter revenues amounted to $91,020,000, up 16 percent from $78,339,000 during the comparable quarter of 1991. Net earnings for the quarter increased 25 percent to $8,457,000 compared to $6,783,000 in 1991. Earnings per share amounted to 16 cents during 1992 compared to 13 cents in 1991, an increase of 23 percent, on 53,499,000 and 53,123,000 shares, respectively.
 Six-month revenues amounted to $175,536,000, up 18 percent from $148,918,000 during the comparable period of 1991. Net earnings for the six months increased 20 percent to $15,304,000 compared to $12,716,000 in 1991. Earnings per share amounted to 29 cents during 1992 and 24 cents during 1991, an increase of 21 percent, on 53,593,000 and 52,135,000 shares, respectively.
 At the end of the quarter, the Company owned and operated 154 and was franchisor of 35 Ryan's Family Steak House restaurants. Six Company-owned restaurants began operations during the second quarter. The Company plans to open six restaurants during the third quarter and five restaurants during the fourth quarter, resulting in 23 new Company- owned restaurants during 1992. At year-end, 165 Company-owned and 35 franchised restaurants are expected to be in operation.
 RYAN'S FAMILY STEAK HOUSES, INC.
 STATEMENTS OF EARNINGS
 (Unaudited)
 Quarter Ended Six Months Ended
 July 1, July 3, July 1, July 3,
 1992 1991 1992 1991
 Revenues:
 Sales by Company-
 owned restaurants $90,198,000 77,545,000 173,602,000 147,261,000
 Revenues from
 franchised
 restaurants 745,000 754,000 1,506,000 1,493,000
 Interest and other
 income 77,000 40,000 428,000 164,000
 Total revenues 91,020,000 78,339,000 175,536,000 148,918,000
 Costs and expenses:
 Company-owned
 restaurants:
 Food and beverage 37,037,000 32,703,000 71,882,000 61,658,000
 Payroll and
 benefits 24,287,000 20,805,000 47,365,000 39,399,000
 Depreciation and
 amortization 3,593,000 3,072,000 6,992,000 6,034,000
 Other operating
 expenses 9,177,000 8,145,000 18,168,000 15,759,000
 74,094,000 64,725,000 144,407,000 122,850,000
 General and admin-
 istrative expenses 3,388,000 2,796,000 6,690,000 5,743,000
 Interest expense 7,000 -- 22,000 46,000
 Total costs and
 expenses 77,489,000 67,521,000 151,119,000 128,639,000
 Earnings before income
 taxes 13,531,000 10,818,000 24,417,000 20,279,000
 Income taxes 5,074,000 4,035,000 9,113,000 7,563,000
 Net earnings $8,457,000 6,783,000 15,304,000 12,716,000
 Net earnings per
 common and common
 equivalent share $ .16 .13 .29 .24
 Weighted average
 shares 53,499,000 53,123,000 53,593,000 52,135,000
 -0- 7/15/92
 /CONTACT: Fred T. Grant, Jr., Vice President-Finance, Ryan's Family Steak Houses, Inc., 803-879-1000/
 (RYAN) CO: Ryan's Family Steak Houses, Inc. ST: South Carolina IN: FIN SU: ERN


CM -- CH001 -- 9404 07/15/92 09:11 EDT
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Date:Jul 15, 1992
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