Declares Quarterly Dividend of $1.20 per share

LEBANON, Tenn., Sept. 29, 2017 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ: CBRL) today announced that its Board of Directors has declared a regular quarterly dividend to common shareholders of $1.20 per share, payable on November 6, 2017, to shareholders of record on October 13, 2017.  The Board also authorized new share repurchases for up to $25 million of the Company's outstanding common stock. The share repurchase authorization is effective immediately and replaces the prior authorization.

About Cracker Barrel Old Country Store, Inc. 
Cracker Barrel Old Country Store, Inc. provides a friendly home-away-from-home in its old country stores and restaurants. Guests are cared for like family while relaxing and enjoying real home-style food and shopping that's surprisingly unique, genuinely fun and reminiscent of America's country heritage…all at a fair price.

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) was established in 1969 in Lebanon, Tenn. and operates 645 company-owned Cracker Barrel locations and 6 company-owned Holler & Dash Biscuit House locations across 44 states.

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Investor Contact:
Jessica Hazel
(615) 235-4367

Media Contact:
Janella Escobar
(615) 235-4618
 

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SOURCE Cracker Barrel Old Country Store, Inc.

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