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

 RYAN'S FAMILY STEAK HOUSES, INC.
 REPORTS RECORD THIRD QUARTER 1992 RESULTS
 GREER, S.C., Oct. 14 /PRNewswire/ -- Ryan's Family Steak Houses, Inc. (NASDAQ: RYAN) reported record revenues and earnings for the third quarter and first nine months of 1992.
 Third quarter revenues amounted to $91,355,000, up 19 percent from $76,467,000 during the comparable quarter of 1991. Net earnings for the quarter increased 37 percent to $7,746,000 compared to $5,670,000 in 1991. Earnings per share amounted to 14 cents for the quarter compared to 11 cents in 1991, an increase of 27 percent, on 53,608,000 and 53,326,000 shares, respectively.
 Nine-month revenues amounted to $266,891,000, up 18 percent from $225,385,000 during the comparable period of 1991. Net earnings for the nine months increased 25 percent to $23,050,000 compared to $18,386,000 in 1991. Earnings per share amounted to 43 cents during 1992 and 35 cents during 1991, an increase of 23 percent on 53,589,000 and 53,199,000 shares, respectively.
 At the end of the quarter, the Company owned and operated 160 and was franchisor of 35 Ryan's Family Steak House restaurants. Six Company-owned restaurants began operations during the third quarter. The Company plans to open five restaurants during the fourth quarter, resulting in 165 Company-owned restaurants at year-end. Plans currently call for 30 new Company-owned restaurants in 1993.
 RYAN'S FAMILY STEAK HOUSES, INC.
 STATEMENTS OF EARNINGS
 (Unaudited)
 Quarter Ended Nine Months Ended
 September 30, October 2, September 30, October 2,
 1992 1991 1992 1991
 Revenues:
 Sales by Company-
 owned restaurants $90,560,000 75,610,000 264,162,000 222,871,000
 Revenues from fran-
 chised restaurants 680,000 694,000 2,186,000 2,187,000
 Interest and other
 income 115,000 163,000 543,000 327,000
 Total revenues 91,355,000 76,467,000 266,891,000 225,385,000
 Costs and expenses:
 Company-owned
 restaurants:
 Food and beverage 37,118,000 32,096,000 109,000,000 93,754,000
 Payroll and
 benefits 24,414,000 20,790,000 71,779,000 60,189,000
 Depreciation and
 amortization 3,827,000 3,096,000 10,819,000 9,130,000
 Other operating
 expenses 10,139,000 8,448,000 28,307,000 24,207,000
 75,498,000 64,430,000 219,905,000 187,280,000
 General and admin-
 istrative expenses 3,407,000 2,995,000 10,097,000 8,738,000
 Interest expense 58,000 - 80,000 46,000
 Total costs and
 expenses 78,963,000 67,425,000 230,082,000 196,064,000
 Earnings before
 income taxes 12,392,000 9,042,000 36,809,000 29,321,000
 Income taxes 4,646,000 3,372,000 13,759,000 10,935,000
 Net earnings $ 7,746,000 5,670,000 23,050,000 18,386,000
 Net earnings per
 common and common
 equivalent share $ .14 .11 .43 .35
 Weighted average
 shares 53,608,000 53,326,000 53,598,000 53,199,000
 -0- 10/14/92
 /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


MM -- CH003 -- 9723 10/14/92 09:25 EDT
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Date:Oct 14, 1992
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