CBRL Group Reports Positive March Comparable Sales
LEBANON, Tenn., Apr 01, 2008 (BUSINESS WIRE) -- CBRL Group, Inc. (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store(R) restaurants and gift shops for the four-week period ending Friday, March 28, 2008. The sales are compared with the four-week period ending March 30, 2007, not the prior-year fiscal period, as a result of the 53rd week in the fiscal year ended on August 3, 2007.
-- Comparable store restaurant sales increased 0.8%, which included the effect of an approximately 3.0% higher average check that resulted primarily from an average menu price increase of approximately 3.2%.
-- Comparable store retail sales were up 5.5%.
-- Restaurant and retail sales were favorably impacted by approximately 1% and 7%, respectively, by the timing of the Easter holiday. This favorable impact was partially offset by a negative weather effect of approximately 1%.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 574 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.
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SOURCE: CBRL Group, Inc.
CBRL Group, Inc. Investor Contact: Diana S. Wynne, 615-443-9837 Senior Vice President, Corporate Affairs Media Contact: Julie K. Davis, 615-443-9266 Director, Corporate Communications
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