CBRL Group, Inc. Reports April Comparable Store Sales.LEBANON, Tenn. -- CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) Group, Inc. (the "Company") (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel This article is about the restaurant-and-store chain. For the unrelated company marketing cheeses bearing the "Cracker Barrel" trademark, see Kraft Foods. Cracker Barrel Old Country Store, Inc. Old Country Store(R) ("Cracker Barrel") restaurants and gift shops for the five-week period ending Friday, April 28, 2006: --Comparable store restaurant sales in fiscal April were down 2.7%, with an approximately 0.1% lower average check, including approximately 0.8% higher average menu pricing, and --Comparable store retail sales in April were up 5.2%. The Company noted that comparable sales in fiscal April were favorably affected by a shift in the timing of Easter because the pre-holiday period, which includes benefits to sales from travel and holiday-related retail purchases, fell into fiscal April this year compared with fiscal March last year. The Company estimated that Cracker Barrel's comparable store sales in fiscal April benefited by approximately 0.5-1% in restaurant sales and 6.5-7.5% in retail sales as a result of this shift. The Company also noted that comparable store retail sales increased by approximately 3-3.5% as a result of a stronger Porch Sale clearance event this year, including the impact of an additional day. On March 17, 2006, the Company announced its intention to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. itself of its wholly-owned Logan's Roadhouse Logan's Roadhouse is a chain of restaurants that was founded in 1991, and in 1999 became a wholly owned subsidiary of the publicly held CBRL Group, Inc (which also owns Cracker Barrel). , Inc. ("Logan's") subsidiary. In accordance with certain requirements of federal securities laws, the Company has discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: reporting of Logan's sales results. Headquartered in Lebanon, Tennessee
Lebanon is a city in Wilson County, Tennessee, in the United States. The population was 20,235 at the 2000 census. , CBRL Group, Inc. presently operates 539 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states and 135 company-operated and 25 franchised Logan's Roadhouse(R) restaurants in 20 states. |
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