[Logo of CBRL GROUP, INC.] POST OFFICE BOX 787
LEBANON, TENNESSEE
37088-0787
PHONE 615.443.9869
- --------------------------------------------------------------------------------
CBRL GROUP, INC.
- --------------------------------------------------------------------------------
Contact: Lawrence E. White
Senior Vice President/
Finance and Chief
Financial Officer
(615) 443-9869
CBRL GROUP, INC. REPORTS APRIL SALES
LEBANON, Tenn. (May 3, 2005) -- CBRL Group, Inc. (the "Company") (NASDAQ: CBRL)
today reported comparable store sales for the five-week period ending April 29,
2005.
The Company reported that comparable store restaurant sales for the five
weeks ending Friday, April 29, 2005 in its Cracker Barrel Old Country Store(R)
("Cracker Barrel") units were up 2.5% from the comparable period last year, with
an approximately 5.1% higher average check, including approximately 3.6% higher
menu pricing. In early April, Cracker Barrel implemented a menu price increase
of approximately 1.9%. Cracker Barrel comparable store retail sales in April
were down 10.1%. The Easter holiday was two weeks earlier this year than last
year, and the pre-Easter period fell in late fiscal March this year compared to
fiscal April last year. Cracker Barrel's comparable store restaurant sales were
approximately 1-1.5% lower and retail sales were approximately 2-2.5% lower as a
result of the change in timing. Comparable restaurant sales in the Company's
Logan's Roadhouse(R) restaurants in April were up 4.4%, with an approximately
4.5% higher average check, including approximately 4.6% higher menu pricing. In
early April, Logan's implemented a menu price increase of approximately 1.4% and
is now lapping a 2.3% menu price increase implemented in early May of last year.
Logan's comparable store sales were reduced by less than 0.5% from the
pre-Easter period falling in fiscal March this year.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates
522 Cracker Barrel Old Country Store restaurants and gift shops located in 41
states and 123 company-operated and 22 franchised Logan's Roadhouse restaurants
in 18 states.
-END-