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): May 28, 2004
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
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press Release dated May 28, 2004.
Item 9. Regulation FD Disclosure
CBRL Group, Inc. issued a press release that is attached to this Current
Report on Form 8-K as Exhibit 99.1, which by this reference is incorporated
herein as if copied verbatim. In the press release, CBRL Group, Inc. announced
that its Board of Directors had authorized the repurchase of up to 2 million
additional shares of its common stock.
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: May 28, 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
Exhibit 99.1
[COMPANY LOGO] Contact: Lawrence E. White
Senior Vice President,
Finance and Chief
Financial Officer
CBRL GROUP, INC. ANNOUNCES A NEW SHARE REPURCHASE
AUTHORIZATION FOR 2 MILLION SHARES
LEBANON, Tenn. - (May 28, 2004) - CBRL Group, Inc. (the "Company") (Nasdaq:
CBRL) today announced that it has been authorized by its Board of Directors to
repurchase up to 2 million additional shares of its common stock. Such
repurchases are expected to be made from time to time in open market
transactions. The Company had approximately 48.7 million shares outstanding at
the end of its third fiscal quarter on April 30, 2004.
The Company has 892,000 shares remaining under its previous 2 million share
repurchase authorization announced in February 2004. Thus far this fiscal year,
the Company has repurchased 1,769,300 shares of its common stock for total
consideration of approximately $69.2 million, or an average of $39.11 per share.
Since its first share repurchase authorization in fiscal 1999, the Company has
repurchased just over 22.7 million shares of its common stock for total
consideration of approximately $593.7 million, or an average of $26.11 per
share.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates
499 Cracker Barrel Old Country Store restaurants and gift shops located in 41
states and 107 company-operated and 19 franchised Logan's Roadhouse restaurants
in 17 states.
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