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): September 27, 2005
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CBRL GROUP, INC.
Tennessee 0-25225 62-1749513
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
305 Hartmann Drive, Lebanon, Tennessee 37087
(615) 444-5533
Check the appropriate box if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On September 27, 2005, CBRL Group, Inc. issued the press release that is
furnished as Exhibit 99 to this Current Report on Form 8-K, which by this
reference is incorporated herein as if copied verbatim, reporting comparable
store sales for the four-week period ending September 23, 2005.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements. None
(b) Pro Forma Financial Information. None
(c) Exhibits.
99 Press Release issued by CBRL Group, Inc. dated September 27, 2005
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: September 27, 2005 CBRL GROUP, INC.
By: /s/ N.B. Forrest Shoaf
---------------------------------
Name: N.B. Forrest Shoaf
Title: Senior Vice President,
Secretary and General Counsel
[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 SEPTEMBER SALES
LEBANON, Tenn. (September 27, 2005) -- CBRL Group, Inc. (the "Company") (NASDAQ:
CBRL) today reported comparable store sales for the four-week period ending
September 23, 2005.
The Company reported that comparable store restaurant sales for the
four weeks ending Friday, September 23, 2005 in its Cracker Barrel Old Country
Store(R) ("Cracker Barrel") units were down 2.4% from the comparable period last
year, with an approximately 4.3% higher average check, including approximately
4.1% higher menu pricing. Cracker Barrel comparable store retail sales in
September were down 10.7%. Comparable restaurant sales in the Company's Logan's
Roadhouse(R) ("Logan's") restaurants in September were down 1.5%, with an
approximately 2.3% higher average check, including approximately 2.5% higher
menu pricing. The Company believes that gasoline prices, energy cost outlook and
the effects of the two recent hurricanes have had a negative and disruptive
effect on consumer sentiment, and it observed that sales trends in September
were below its previous expectations.
In September, the Company's operations were unfavorably affected by
Hurricanes Katrina and Rita. During September, the Company lost approximately
131 store operating days due to closings for damages and power outages. In
addition, the Company has lost approximately 36 store operating days to date in
fiscal October due to closings related to Hurricane Rita, and five stores remain
closed as of today (three Cracker Barrel and two Logan's locations), including
one Cracker Barrel store that is still closed as a result of Hurricane Katrina.
The Company estimates that comparable store sales were reduced slightly in
September at both Cracker Barrel and Logan's as a result of the net effect of
lost sales from closings and shorter hours and the estimated partial offset from
gains at locations that apparently benefited from evacuation activity. Store
operating days that were lost by Logan's occurred primarily at locations that
are not yet included in the comparable store base. Including the favorable
effect of comparisons to comparable store restaurant sales that were reduced
during September last year by approximately 0.5% at both Cracker Barrel and
Logan's, as previously disclosed, the Company estimated the combined net effect
from hurricanes in both years had a slightly positive impact on comparable
restaurant sales. The estimated combined net effect in both years was more
positive on comparable retail sales at Cracker Barrel since the hurricanes last
year disrupted or postponed porch sale events in certain of the Company's
regions last year. The Company noted that retail sales trends were substantially
affected by lower sales than prior year for certain seasonal product lines,
which may reflect delayed consumer purchases of seasonal items.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. operates 535
Cracker Barrel Old Country Store restaurants and gift shops located in 41 states
and 128 company-operated and 23 franchised Logan's Roadhouse restaurants in 19
states.
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