Cracker Barrel Reports Positive Comparable Store Sales for November
'We are pleased to report that November reflected a continuation of the trend of sequential improvement in comparable store restaurant and retail sales growth that we previously reported for the first quarter'
LEBANON, Tenn.--(BUSINESS WIRE)--Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) announced today positive comparable store sales for the four-week fiscal month ended November 25, 2011. Comparable store restaurant traffic, average check and comparable store restaurant and retail sales for the fiscal month were as follows:
“We are pleased to report that November reflected a continuation of the trend of sequential improvement in comparable store restaurant and retail sales growth that we previously reported for the first quarter”
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November 2011 |
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| Comparable restaurant traffic | -1.0% | |
| Average check | 2.2% | |
| Comparable restaurant sales |
1.2% |
|
| Comparable retail sales | 2.7% |
"We are pleased to report that November reflected a continuation of the trend of sequential improvement in comparable store restaurant and retail sales growth that we previously reported for the first quarter,” said Sandra B. Cochran, President and Chief Executive Officer of Cracker Barrel. “While the economy remains challenging, and we continue to be concerned about consumer spending, we believe that our new strategic initiatives are continuing to deliver improved results. Thanksgiving is always a busy day for us, and with the recent improvements to our operating platform we were able to deliver excellent service to our guests while handling the highest restaurant sales of any day in our Company’s history.”
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