December Sales Jump at CBRL

Same-store sales at its Cracker Barrel chain rise 7.3%.
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CBRL Group

(CBRL) - Get Report

Tuesday reported strong December same-store sales and reaffirmed earnings guidance.

The Tennessee-based company said same-store sales for the four weeks ended Dec. 24 were up 7.3% at its Cracker Barrel Old Country Store chain and 7% higher at its Logan's Roadhouse restaurant unit.

The company updated guidance to reflect an accounting change relating to convertible debt, but otherwise said it was holding to its previous forecast.

The consensus EPS estimates are for 63 cents in the second quarter and $2.64 for fiscal 2005, according to Thomson First call.

Shares ended at $41.87 Monday.