Cracker Barrel earnings fall 8 percent - Wichita Business Journal:

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CBRL Group (Nasdaq: CBRL), which operates restaurantsa under the brand includingf one location in Park reported earningsof $12.8 million on salea of $574 million in the first quarter of fiscal year 2009, which ended Oct. 31. That’as down from earnings of $13.9 million on sales of $581 million in the year-ag period. Sales at restaurantw open for at least a yeardroppes 3.2 percent in the quarter, while same-storwe retail sales were down 2.3 percent. The averagse menu price increase for the quartedwas 3.2 percent compared with the firsty quarter 2008.
“We remain focused on our initiatives to drive restaurant traffic and retai l sales and reduce costs without compromisinvg theguest experience. By providing ample portionx of high quality food at afair price, we will continue to deliver on the Cracker Barrel brand promise,” says Michae l Woodhouse, CBRL Group chairman, president and chief executive officer. CBRL sharesd were up 14.5 percent in morninhg trading Mondayto $13.33. The stock’s 52-week high was with a low of $10.67.