UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported):   May 30, 2003

CBRL GROUP, INC.

           

Tennessee

0-25225

      

        62-1749513

(State or Other Jurisdiction

       (Commission File Number)

    (I.R.S. Employer

      of Incorporation)

       

 

     

               Identification No.)

305 Hartmann Drive, Lebanon, Tennessee 37087

 (615) 444-5533

#

Item 7.  Financial Statements and Exhibits

(c)

Exhibits.  

99.1  Press Release dated May 30, 2003.

Item 9.  Regulation FD Disclosure

CBRL Group, Inc. issued a press release that is attached to this Current Report on Form 8-K as Exhibit 99.1, which by this reference is incorporated herein as if copied verbatim.  In the press release, CBRL Group, Inc. announced that its Board of Directors had authorized the repurchase of up to 1 million additional shares of its common stock.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  May 30, 2003

CBRL GROUP, INC.

By: /s/ James F. Blackstock

Name: James F. Blackstock

                               

Title:  

Senior Vice President, General

Counsel and Secretary

Contact:

Lawrence E. White

Senior Vice President,

Finance and Chief Financial Officer

615-444-5533

CBRL GROUP, INC. ANNOUNCES A NEW SHARE REPURCHASE

AUTHORIZATION FOR 1 MILLION SHARES

LEBANON, Tenn. – (May 30, 2003) – CBRL Group, Inc. (the “Company”) (Nasdaq: CBRL) today announced that it has been authorized by its Board of Directors to repurchase up to 1 million additional shares of its common stock.  Such repurchases are expected to be made from time to time in open market transactions.  The Company had approximately 48.4 million shares outstanding at the end of its third fiscal quarter on May 2, 2003.

Through the first nine months of this fiscal year, the Company has repurchased approximately 3.4 million shares of its common stock for total consideration of approximately $95 million, or just under $28.00 per share.  Just under 600,000 shares remain to be purchased under previously announced share repurchase authorizations.  Since its first share repurchase authorization in fiscal 1999, the Company has repurchased just under 19.1 million shares of its common stock for total consideration of approximately $452.9 million, or $23.77 per share.

Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 477 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states and 96 company-operated and 14 franchised Logan’s Roadhouse restaurants in 17 states.

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