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 1, 2005
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CBRL GROUP, INC.
Tennessee 0-25225 62-1749513
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
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 1, 2005, 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, reporting comparable
store sales for the five-week period ending October 28, 2005.
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 1, 2005
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 1, 2005 CBRL GROUP, INC.
By: /s/ N.B. Forrest Shoaf
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Name: N.B. Forrest Shoaf
Title: Senior Vice President, Secretary
and General Counsel
[Logo of CBRL Group, Inc.] Post Office Box 787
Lebanon, Tennessee
37088-0787
Phone 615.443.9869
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CBRL GROUP, INC.
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Contact: Lawrence E. White
Senior Vice President/
Finance and Chief
Financial Officer
(615) 443-9869
CBRL GROUP, INC. REPORTS OCTOBER SALES
LEBANON, TN (November 1, 2005) -- CBRL Group, Inc. (the "Company") (Nasdaq:
CBRL) today reported comparable store sales for the five-week period ending
October 28, 2005.
The Company reported that comparable store restaurant sales for the five
weeks ending Friday, October 28, 2005 in its Cracker Barrel Old Country Store(R)
("Cracker Barrel") units were down 0.1% from the comparable period last year,
with an approximately 3.6% higher average check, including approximately 3.0%
higher average menu pricing. Cracker Barrel comparable store retail sales in
October were down 13.6%. Comparable restaurant sales in the Company's Logan's
Roadhouse(R) ("Logan's") restaurants in October were up 0.8%, with an
approximately 2.5% higher average check, including approximately 2.4% higher
average menu pricing. The Company continues to believe that gasoline prices and
the effects of recent hurricanes have had a negative and disruptive effect on
consumer sentiment, especially on more discretionary retail sales, and it
observed that sales results for the five weeks and quarter ending October 28,
2005 were below its previous expectations.
In fiscal October, the Company's operations were unfavorably affected by
Hurricanes Rita and Wilma. During October, the Company lost approximately 112
store operating days due to closings for hurricane damage and related power
outages. One Cracker Barrel store remains closed as of today as a result of
power outages caused by Hurricane Wilma. The Company estimates that the net
unfavorable effect to Cracker Barrel's comparable store restaurant sales as a
result of hurricanes in fiscal October this year was approximately equal to the
effect noted in fiscal October last year. The Company estimates that the net
effect from hurricanes was approximately 1% more unfavorable to Logan's
comparable store sales this year than last year.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. operates 537 Cracker
Barrel Old Country Store restaurants and gift shops located in 41 states and 129
company-operated and 23 franchised Logan's Roadhouse restaurants in 19 states.
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