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 SEPTEMBER COMPARABLE STORE SALES
LEBANON, Tenn. — October 2, 2007— CBRL Group, Inc. (“CBRL” or the “Company”) (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store® restaurants and gift shops for the four-week period ending Friday, September 28, 2007. The sales are compared with comparable weeks, not the prior-year fiscal period, as a result of the 53rd week in the fiscal year ended on August 3, 2007:
• | Comparable store restaurant sales increased 1.5% from the comparable four-week period last year, with approximately 3.1% higher average check primarily due to an average menu price increase of about 3.8%. Traffic declined approximately 1.6%. | ||
• | Comparable store retail sales were down 0.2% from the comparable four-week period in fiscal 2007. Excluding the effect of Porch Sale clearance events in both years, sales would have increased 2.0%. |
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 565 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.
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