[Logo of CBRL Group, Inc.] Post Office Box 787
Lebanon, Tennessee
37088-0787
Phone 615.443.9869
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CBRL GROUP, INC.
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Contact: Lawrence E. White
Senior Vice President/
Finance and Chief
Financial Officer
(615) 443-9869
CBRL GROUP, INC. REPORTS OCTOBER SALES
LEBANON, TN (November 1, 2005) -- CBRL Group, Inc. (the "Company") (Nasdaq:
CBRL) today reported comparable store sales for the five-week period ending
October 28, 2005.
The Company reported that comparable store restaurant sales for the five
weeks ending Friday, October 28, 2005 in its Cracker Barrel Old Country Store(R)
("Cracker Barrel") units were down 0.1% from the comparable period last year,
with an approximately 3.6% higher average check, including approximately 3.0%
higher average menu pricing. Cracker Barrel comparable store retail sales in
October were down 13.6%. Comparable restaurant sales in the Company's Logan's
Roadhouse(R) ("Logan's") restaurants in October were up 0.8%, with an
approximately 2.5% higher average check, including approximately 2.4% higher
average menu pricing. The Company continues to believe that gasoline prices and
the effects of recent hurricanes have had a negative and disruptive effect on
consumer sentiment, especially on more discretionary retail sales, and it
observed that sales results for the five weeks and quarter ending October 28,
2005 were below its previous expectations.
In fiscal October, the Company's operations were unfavorably affected by
Hurricanes Rita and Wilma. During October, the Company lost approximately 112
store operating days due to closings for hurricane damage and related power
outages. One Cracker Barrel store remains closed as of today as a result of
power outages caused by Hurricane Wilma. The Company estimates that the net
unfavorable effect to Cracker Barrel's comparable store restaurant sales as a
result of hurricanes in fiscal October this year was approximately equal to the
effect noted in fiscal October last year. The Company estimates that the net
effect from hurricanes was approximately 1% more unfavorable to Logan's
comparable store sales this year than last year.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. operates 537 Cracker
Barrel Old Country Store restaurants and gift shops located in 41 states and 129
company-operated and 23 franchised Logan's Roadhouse restaurants in 19 states.
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