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Summer Starts Slow at Cracker

7/1/2008

Lebanon, Tenn. The CBRL Group, owner of the Cracker Barrel Old Country Store restaurants, reported same-store sales for the month of June were down in foodservice but up slightly in its gift stores.

Despite higher-average restaurant tickets, up 3.8% primarily as a result of price increases in its menu, same-store restaurant sales were down 1.2% for the four-week period that ended Friday. Same-store retail sales in Cracker Barrel gift shops were up 0.2%. However, year-to-date fiscal results indicated that overall same-store restaurant sales trended up 0.7% and gift stores were down 0.4%.

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