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RYAN'S FAMILY STEAK HOUSES, INC. REPORTS FOURTH QUARTER AND FISCAL 1991 RESULTS

 RYAN'S FAMILY STEAK HOUSES, INC. REPORTS FOURTH QUARTER
 AND FISCAL 1991 RESULTS
 GREER, S.C., Jan. 22 /PRNewswire/ -- Ryan's Family Steak Houses, Inc. (NASDAQ-NMS: RYAN) reported revenues and earnings for the fourth quarter and fiscal 1991.
 Fourth quarter revenues amounted to $73,951,000, up from $65,683,000 for the comparable quarter of 1990. Net earnings for the quarter amounted to $4,921,000 compared to $5,356,000 in 1990. Earnings per share for the fourth quarter amounted to 9 cents in 1991 and 10 cents in 1990 on 53,357,000 and 52,897,000 shares, respectively.
 For the year ended Jan. 1, 1992, revenues amounted to $299,336,000, up from $273,548,000 in 1990. Net earnings for the year amounted to $23,307,000 compared to $24,063,000 in 1990. Earnings per share amounted to 44 cents in 1991 and 46 cents in 1990 on 53,238,000 and 52,675,000 shares, respectively.
 Restaurant sales trends continued to strengthen during the fourth quarter. Average same-store sales turned positive in November (up 1.1 percent), improving to a 5.2 percent increase in December. The performance of the restaurants with dining-room bakeries was excellent, with average sales improvements during the quarter ranging from 13 percent to 19 percent. Sales improvements are expected to continue during 1992 as more bakeries are installed and in view of the weak sales comparisons experienced throughout the first half of 1991. Management has been pleased with January-to-date sales results, which have been up 7 percent (average same-store sales) during the first two weeks of the month.
 At Jan. 1, 1992, the Company owned and operated 142 and was franchisor of 35 Ryan's Family Steak House restaurants. Sixteen company-owned and two franchised restaurants were opened during 1991.
 RYAN'S FAMILY STEAK HOUSES, INC.
 STATEMENTS OF EARNINGS
 (Unaudited)
 Quarter Ended Year Ended
 Jan. 1, Jan. 2, Jan. 1, Jan. 2,
 1992 1991 1992 1991
 Revenues:
 Sales by
 Company-owned
 restaurants $73,246,000 64,956,000 296,117,000 270,274,000
 Revenues from
 franchised
 restaurants 659,000 645,000 2,846,000 2,827,000
 Interest and other
 income 46,000 82,000 373,000 447,000
 Total revenues 73,951,000 65,683,000 299,336,000 273,548,000
 Costs and expenses:
 Company-owned
 restaurants:
 Food and
 beverage 31,077,000 27,215,000 124,831,000 114,854,000
 Payroll and
 benefits 20,658,000 17,548,000 80,847,000 70,931,000
 Depreciation
 and
 amortization 3,023,000 2,627,000 12,153,000 10,520,000
 Other operating
 expenses 8,447,000 6,927,000 32,654,000 27,511,000
 63,205,000 54,317,000 250,485,000 223,816,000
 General and admin-
 istrative
 expenses 2,957,000 2,891,000 11,695,000 11,333,000
 Interest expense 56,000 103,000 102,000 103,000
 Total costs and
 expenses 66,218,000 57,311,000 262,282,000 235,252,000
 Earnings before
 income taxes 7,733,000 8,372,000 37,054,000 38,296,000
 Income taxes 2,812,000 3,016,000 13,747,000 14,233,000
 Net earnings $ 4,921,000 5,356,000 23,307,000 24,063,000
 Net earnings per
 common and
 common equivalent
 share $ .09 .10 .44 .46
 Weighted average
 shares 53,357,000 52,897,000 53,238,000 52,675,000
 -0- 1/22/92
 /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: LEI SU: ERN


CM-JM -- CH002 -- 2124 01/22/92 09:42 EST
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Date:Jan 22, 1992
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