CBRL Group, owner of the Cracker Barrel Old Country Stores restaurant chain, has reported a 14% rise in net earnings to US$32.6 million in the second quarter which ended on 28 January 2005.
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Total revenue was up 9% at $667 million. Net income for the first half was $62.5 million, up 11 percent from the same period a year earlier. Sales for the first half were $1.28 billion.
“We are very pleased with the solid results recorded this quarter,” said president and CEO Michael A. Woodhouse. “We are particularly pleased to post an increase from last year in operating income margin despite the ongoing commodity pressures we experienced during the quarter.”
