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CBRL GROUP, INC.
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[CBRL GROUP, INC. Logo]
Contact: Xxxxxxxx X. Xxxxx
Senior Vice President/
Finance and Chief
Financial Officer
(000) 000-0000
CBRL GROUP, INC. REPORTS NOVEMBER SALES
LEBANON, Tenn. (November 30, 2004) -- CBRL Group, Inc. (the "Company") (NASDAQ:
CBRL) today reported comparable store sales for the four-week period ending
November 26, 2004.
The Company reported that comparable store restaurant sales for the four
weeks ending Friday, November 26, 2004, in its Cracker Barrel Old Country
Store(R) ("Cracker Barrel") units were up 3.8% from the comparable period last
year, with an approximately 4.3% higher average check, including approximately
3.3% higher menu pricing. Cracker Barrel comparable store retail sales in fiscal
November were down 3.0% (compared to a 10.0% increase in fiscal November of the
prior year). Comparable restaurant sales in the Company's Xxxxx'x Roadhouse(R)
restaurants in fiscal November were up 3.1%, including an approximately 3.6%
higher average check, including approximately 3.2% higher menu pricing.
The Company noted that sales for fiscal November were unfavorably affected
by the timing of Halloween, which fell in fiscal October last year but occurred
in fiscal November this year. The Company estimated that comparable store
restaurant sales for the month were reduced by approximately 0.5% at Cracker
Barrel and approximately 1.5% at Logan's as a result of this change in holiday
timing. In addition, the Company estimated that comparable store retail sales
increased approximately 3.9% because of special discounts offered Cracker Barrel
employees for two days during November that were offered only in December last
year.
As indicated when it established its reporting calendar for fiscal 2005 on
September 9, 2004, the Company will report sales for fiscal December on Tuesday,
December 28, 2004, at which time it will also provide updates on earnings
guidance.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates
512 Cracker Barrel Old Country Store restaurants and gift shops located in 41
states and 115 company-operated and 21 franchised Xxxxx'x Roadhouse restaurants
in 18 states.
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