CBRL Group, Inc. Form 8-K filed January 30, 2007
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): January
30, 2007
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
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 240.13e-4(c))
Item
7.01. Regulation FD Disclosure.
On
January 30, 2007, CBRL Group, Inc. issued the press release that is furnished
as
Exhibit 99.1 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 five-week period ending January 26, 2007.
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits.
99.1 |
Press
Release
issued by CBRL Group, Inc. dated January 30, 2007
|
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:
January 30, 2007 CBRL
GROUP, INC.
By:
/s/ N.B. Forrest Shoaf
Name:
N.B.
Forrest
Shoaf
&
#160; Title:
Senior
Vice President, Secretary
and General Counsel
CBRL Group, Inc. Press Release dated January 30, 2007
[CBRL GROUP, INC. LOGO] |
POST
OFFICE BOX 787
|
|
LEBANON,
TENNESSEE
|
|
37088-0787
|
|
|
C B
R L G R O U P, I N C. |
|
Investor Contact: |
Diana S. Wynne |
|
Senior Vice President, Corporate Affairs |
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(615) 443-9837 |
|
|
Media Contact: |
Julie K. Davis |
|
Director, Corporate Communications |
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(615) 443-9266 |
CBRL
GROUP REPORTS COMPARABLE STORE SALES
FOR
THE FIVE-WEEK PERIOD ENDING JANUARY 26, 2007
LEBANON,
Tenn. (January 30, 2007) -- CBRL Group, Inc. (the “Company”) (Nasdaq: CBRL)
today reported comparable store sales for its Cracker Barrel Old Country
Store®
(“Cracker Barrel”) restaurants and gift shops for the five-week period ending
Friday, January 26, 2007.
Comparable
store restaurant sales were up 1.5% from the comparable period last year, with
an increase in the average check of approximately 1.4% including 1.6% higher
average menu pricing. Comparable store retail sales were up 14.3%. Comparisons
to prior year for both restaurant and retail sales were affected by the shift
in
timing of Christmas Day from Sunday in 2005 to Monday in 2006, severe winter
weather late in fiscal January 2007 and increased gift card redemptions. The
Company estimates the respective effects of these factors as
follows:
· |
The
shift in timing
of Christmas Day favorably affected comparable store restaurants sales
by
an estimated 0.5% and comparable store retail sales by
an
estimated
2.5-3%;
|
· |
Weather
unfavorably
affected combined restaurant and retail sales by an estimated 1-1.5%,
and;
|
· |
Increased
gift card
redemptions had a favorable incremental effect on combined comparable
store restaurant and retail sales of less than
1%.
|
Commenting
on the retail results, CBRL Chairman, President and Chief Executive Officer
Michael A. Woodhouse said, “Retail sales benefited from our continuing focus on
providing unique, quality products for our targeted customer base, and the
total
of our markdowns in January was not substantially different than last
year.”
Headquartered
in Lebanon, Tennessee, CBRL Group, Inc. presently operates 553 Cracker Barrel
Old Country Store restaurants and gift shops located in 41 states.
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END
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