CBRL Group (CBRL) Updates Operational Outlook After Hurricane Ike
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CBRL Group, Inc. (Nasdaq: CBRL) reported that all Cracker Barrel Old Country Store locations are open and operating, following repair and clean-up efforts due to the effects of recent storms, including Hurricane Ike. As of today, sales of approximately 50 Cracker Barrel stores have been affected by tropical storms, hurricanes and community flooding in the quarter to date. This equates to approximately 90 days of lost sales with an estimated system wide impact of 0.2% for the first quarter. Approximately five units incurred minor property damage. No units incurred flood damage, though community flooding required some store closures.
CBRL Group, Inc. presently operates 579 Cracker Barrel Old Country Store® restaurants and gift shops located in 41 states.[SM]
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