LEBANON, Tenn., Aug 01, 2008 (BUSINESS WIRE) -- CBRL Group, Inc. ("the Company") (Nasdaq: CBRL) today announced that its Board of Directors had authorized the repurchase of up to $65 million of the Company's common stock to be made from time to time through open market transactions at management's discretion.

The Company also announced that it would hold its annual shareholders' meeting at the Company's headquarters in Lebanon, Tennessee on November 25, 2008. Shareholders of record at the close of business on September 29, 2008 will be entitled to notice of and to vote at the annual meeting.

Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 577 Cracker Barrel Old Country Store(R) restaurants and gift shops located in 41 states.

CBRL-G

SOURCE: CBRL Group, Inc.

CBRL Group, Inc.
Investor Contact:
Diana S. Wynne, 615-443-9837
Senior Vice President, Corporate Affairs
or
Media Contact:
Julie K. Davis, 615-443-9266
Director, Corporate Communications

Copyright Business Wire 2008

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