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CBRL Group March Same-Store Sales Rise



By AP
01 April 2008 @ 06:32 am EST

LEBANON, Tenn. - CBRL Group Inc., which operates Cracker Barrel Old Country Store restaurants and gift shops, said Tuesday same-store sales rose 0.8 percent in March.

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Same-store sales, or sales in restaurants open at least one year, is a key gauge of performance because it measures growth at established stores rather than newly opened ones.

For the four-week period ended March 28, there was a 3 percent higher average check, due to a 3.2 percent price increase, compared with the four-week period ended March 30, 2007, the company said.

Same-store retail sales rose 5.5 percent.

Results were helped by the timing of the Easter holiday, CBRL Group said.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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