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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): November 2, 2004
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CBRL GROUP, INC.
Tennessee 0-25225 62-1749513
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
305 Hartmann Drive, Lebanon, Tennessee 37087
(615) 444-5533
Check the appropriate box if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions :
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On November 2, 2004, CBRL Group, Inc. issued the press release that is
furnished as Exhibit 99 to this Current Report on Form 8-K, which by this
reference is incorporated herein as if copied verbatim, with respect to its
reporting of comparable store sales for the five-week period ending October 29,
2004.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements. None
(b) Pro Forma Financial Information. None
(c) Exhibits.
99 Press Release issued by CBRL Group, Inc. dated November 2, 2004.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: November 2, 2004 CBRL GROUP, INC.
By: /s/ James F. Blackstock
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Name: James F. Blackstock
Title: Senior Vice President, General
Counsel and Secretary
POST OFFICE BOX 787
LEBANON, TENNESSEE
37088-0787
PHONE 615.443.9869
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CBRL GROUP, INC.
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[LOGO OF CBRL GROUP, INC.]
Contact: Lawrence E. White
Senior Vice President/
Finance and Chief
Financial Officer
(615) 443-9869
CBRL GROUP, INC. REPORTS OCTOBER SALES
LEBANON, Tenn. (November 2, 2004) -- CBRL Group, Inc. (the "Company") (NASDAQ:
CBRL) today reported comparable store sales for the five-week period ending
October 29, 2004. As indicated when it established its reporting calendar for
fiscal 2005 on September 9, 2004, the Company will report financial results for
its first fiscal quarter on Thursday, November 18, 2004, at which time it will
also provide updates on earnings guidance.
The Company reported that comparable store restaurant sales for the five
weeks ending Friday, October 29, 2004, in its Cracker Barrel Old Country
Store(R) ("Cracker Barrel") units were up 2.3% from the comparable period last
year, with an approximately 3.6% higher average check. The increase in Cracker
Barrel's average check reflected in part approximately 2.8% higher menu pricing,
including an approximately 1.7% menu price increase taken during the month.
Cracker Barrel comparable store retail sales in fiscal October were down 7.0%.
Comparable restaurant sales in the Company's Logan's Roadhouse(R) restaurants in
fiscal October were up 5.2%, including an approximately 5.7% higher average
check. The increase in Logan's average check reflected in part approximately
3.6% higher menu prices, including an approximately 0.9% menu price increase
taken during the month.
The Company noted that sales were unfavorably affected by Hurricane Jeanne
early in fiscal October. The Company estimated that comparable store restaurant
sales for Cracker Barrel and Logan's were reduced by less than 0.5% as a result
of the hurricane. The Company also noted that sales were affected favorably by a
change in the timing of Halloween, which fell in fiscal October last year but
will occur in fiscal November this year. The Company estimated that comparable
store restaurant sales for the month were improved by approximately 0.5% at
Cracker Barrel and approximately 1% at Logan's as a result of this holiday
timing change.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates
509 Cracker Barrel Old Country Store restaurants and gift shops located in 41
states and 114 company-operated and 21 franchised Logan's Roadhouse restaurants
in 18 states.
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