View:
Download DOC
Download PDF
Download XLS
cbrlgroupinc8k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 
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 6, 2008


CBRL GROUP, INC.
 
 
Tennessee  0-25225 62-1749513
(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 240.13e-4(c))

 
Item 7.01.  Regulation FD Disclosure.

On May 6, 2008, the Company issued the press release, which is furnished hereto as Exhibit 99.1 and incorporated by reference as if fully set forth herein, announcing the comparable store sales for its Cracker Barrel Old Country Store® restaurants and gift shops for the five-week period ending Friday, May 2, 2008.


Item 9.01.  Financial Statements and Exhibits.
 
(d)  
Exhibits.
   
  See Exhibit Index immediately following signature page.



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.

  CBRL GROUP, INC.  
       
       
Dated:  May 6, 2008
By:
/s/ N.B. Forrest Shoaf  
  Name:  N.B. Forrest Shoaf  
  Title: Senior Vice President, Secretary and General Counsel  
       
 
 
 
 
    EXHIBIT INDEX  
       
        Description  
       
Exhibit No.       
       
99.1 Press Release issued by CBRL Group, Inc. dated May 6, 2008 (furnished only)  
 
pressrelease.htm
Exhibit 99.1

 
 
POST OFFICE BOX 787
LEBANON, TENNESSEE
37088-0787
 
C B R L   G R O U P,   I N C.
 
Investor Contact:  Diana S. Wynne
  Senior Vice President, Corporate Affairs
  (615) 443-9837
   
Media Contact:   Julie K. Davis
  Director, Corporate Communications
  (615) 443-9266
 
CBRL GROUP REPORTS APRIL COMPARABLE SALES

LEBANON, Tenn. – May 6, 2008 – CBRL Group, Inc. (“CBRL”) (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store® restaurants and gift shops for the five-week period ending Friday, May 2, 2008.  The sales are compared with the five-week period ending May 4, 2007, not the prior-year fiscal period.  The 2007 period included the Easter holiday while 2008 did not.

·  
Comparable store restaurant sales decreased 0.9%, including the effect of an approximately 4.4% higher average check that resulted primarily from an average menu price increase of approximately 4.5%.  The average menu price increase in the period reflected, in part, a timing effect from new pricing taken early in the period this year compared to pricing taken late in the period last year.  Average menu prices are expected to be up approximately 3.7% for the balance of the fiscal year.
·  
Comparable store retail sales were down 9.7%.
·  
Comparable restaurant and retail sales were unfavorably affected by approximately 1% and 8.5%, respectively, by the timing of the Easter holiday.
·  
In the third quarter of fiscal 2008, comparable store restaurant sales increased 0.2%, which included the effect of an approximately 3.5% higher average check.  Comparable store retail sales were down 2.1%.

Commenting on April sales, CBRL Chairman, President and Chief Executive Officer Michael A. Woodhouse said, “Because we are lapping last year’s Easter holiday, April sales were down but were positive for the last three weeks of the period.  In the coming weeks as we start our summer season, we will be introducing Cracker Barrel’s first-ever national summer promotion designed to drive restaurant traffic and retail sales.  It combines innovative marketing with exciting new menu items and related retail offerings and will underscore our belief that we offer the best value in family dining.”

Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 576 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.