CBRL Group Reports October Comparable Store Sales
CBRL Group, Inc. (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store(R) restaurants and gift shops for the five-week period ending Friday, November 2, 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 1.0%, with approximately 3.6% higher average check primarily due to an average menu price increase of about 3.8%. Traffic declined approximately 2.6%.
Comparable store retail sales were down 4.9%. Excluding the effect of a Porch Sale clearance event last year, sales decreased 1.3%.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 567 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.
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