RYAN'S FAMILY STEAK HOUSES, INC. REPORTS RECORD SALES RESULTS FOR DECEMBER, FOURTH QUARTER AND FISCAL 2001 GREER, SOUTH CAROLINA - - Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today announced that average unit sales for the 4- week period ending January 2, 2002 ("December") set a new record for December sales periods, representing the ninth record month during 2001. In addition, December's average unit sales levels contributed to new fourth quarter and fiscal year sales records. Same-store sales for December and the fourth quarter amounted to +11.4% and +4.8%, respectively. Management noted that December 2000 was adversely impacted by severe winter weather that affected the Company's southern and midwestern regions. For comparison purposes, same-store sales for December and the fourth quarter 2000 were -5.2% and -2.2%, respectively. Per the table below, it should be noted that the December and the fourth quarter 2001 periods were each one week less than the comparable periods in 2000. These differences affect total sales, but do not affect either the same-store or all-store amounts as these calculations are based on average weekly sales over similar-week periods. Other details regarding the sales results follow: (Unaudited) December 4th 2001 Quarter Total sales (000's) $54,700 $179,871 Change from prior year -8% +1% 			Dec. 2001 - 4 weeks 4Q 2001 - 13 weeks 			Dec. 2000 - 5 weeks 4Q 2000 - 14 weeks Average unit sales: Same stores (open at least 18 mos.) +11.4% +4.8% All stores (all Ryan's units) +13.1% +5.9% At January 2, 2002, the Company owned and operated 313 Ryan's restaurants. Financial results for the fourth quarter 2001 and fiscal year 2001 are expected to be released on January 30, 2002. In addition, the Company's next accounting period consists of 5 weeks, ending on February 6, 2002.