Cracker Barrel Old Country Store, Inc. Reports EPS of $0.52 for Fiscal 2009 Third-Quarter

LEBANON, Tenn., May 27, 2009 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL):
Fully diluted income per share from continuing operations was $0.52 for the third quarter of fiscal 2009 compared with $0.46 in the prior-year quarter
Revenue for the third quarter increased 0.1% to $567.6 million compared with the prior-year quarter
Comparable store restaurant sales for the quarter decreased 0.9% from the prior-year quarter while comparable store retail sales decreased 7.4%
Operating income margin from continuing operations in the quarter was 5.1% of total revenue compared with 4.9% in the prior-year quarter
Letter of Intent on sale-leaseback of 15 stores and contract on sale-leaseback of retail distribution center
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel," or the "Company") (Nasdaq: CBRL) today reported income from continuing operations of $0.52 per diluted share for the third quarter of fiscal 2009, compared with $0.46 per diluted share from continuing operations in the third quarter of fiscal 2008. Income from continuing operations was $11.9 million compared with $10.5 million in the third quarter of fiscal 2008, which reflects this year's higher operating income and lower interest expense partially offset by a higher tax rate.

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