CBRL Group, Inc.

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International Guild of Hospitality & Restaurant Managers

CBRL Group, Inc., incorporated in 1969, is the holding company that, through certain subsidiaries, is engaged in the operation and development of the Cracker Barrel Old Country Store (Cracker Barrel) and Logan 's Roadhouse ( Logan 's) restaurant and retail concepts. Cracker Barrel's restaurants offer home-style country cooking featuring Cracker Barrel's own recipes, and prepare menu selections on the premises. Logan's restaurants offer a wide variety of items that include specialty appetizers, such as hot wings Roadhouse style, baby back ribs basket and Roadhouse nachos. In addition, Logan 's dinner menu features an assortment of specially seasoned USDA choice steaks, extra-aged and cut by hand on premises.

Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, through its various subsidiaries, as of October 12, 2001, operated 439 full-service country store restaurants and gift shops, which are located in 40 states, primarily the southeast, midwest, mid-atlantic and southwest regions of the United States. Stores primarily are located along interstate highways, however, 10 stores are located at tourist destinations and 22 off-interstate stores are located at locations that are neither a tourist destination nor an interstate location. The restaurants serve breakfast, lunch and dinner between the hours of 6:00 a.m. and 10:00 p.m. ( 11:00 p.m. on Fridays and Saturdays), and feature home-style country cooking prepared on the premises from Cracker Barrel's own recipes. Menu items are moderately priced and include country ham, chicken, fish, roast beef, beans, turnip greens, vegetable plates, salads, sandwiches, pancakes, eggs, bacon, sausage and grits. The restaurants do not serve alcoholic beverages. The stores are constructed in a rustic, country store design and feature a separate retail area offering a wide variety of decorative and functional items specializing in hand-blown glassware, cast-iron cookware, toys, apparel and wood crafts, as well as various old fashioned candies, jellies and other foods. Cracker Barrel's restaurants offer breakfast, lunch and dinner from a moderately priced menu. Prices for a breakfast meal range from $1.99 to $7.99 and lunches and dinners range in price from $2.99 to $13.99. The average check per customer for fiscal 2001 was $7.19. Cracker Barrel, from time to time, adjusts its prices.

The format of Cracker Barrel stores consists of a rustic, country-store style building. All stores are freestanding buildings. Store interiors are subdivided into a dining room consisting of approximately 30% of the total interior store space, and a retail shop consisting of approximately 22% of such space, with the balance primarily consisting of kitchen and storage areas. All stores have stone fireplaces, which burn wood wherever permitted. All are decorated with antique-style furnishings and other authentic and nostalgic items, similar to those used and sold in the past in original old country stores. The front porch of each store features a row of the signature Cracker Barrel rocking chairs that are used by guests waiting for a table and are sold in the retail shop. The kitchens contain modern food preparation and storage equipment allowing for flexibility in menu variety and development.

Logan 's Roadhouse

Logan 's Roadhouse restaurants are constructed of rough-hewn cedar siding in combination with bands of corrugated metal outlined in red neon with a yellow washlight. Interiors are decorated with murals and other artifacts depicting scenes reminiscent of American roadhouses of the 1940s and 1950s, concrete and wooden planked floors and neon signs. The lively, upbeat, friendly, relaxed atmosphere seeks to appeal to families, couples, single adults and business persons. The restaurants feature display cooking and an old-fashioned meat counter displaying ribs and hand-cut steaks, and also include a spacious, comfortable bar area. While dining or waiting for a table, guests may eat complimentary roasted in-shell peanuts and toss the shells on the floor, and watch as cooks prepare steaks and other entrees on gas-fired mesquite grills.

Logan 's restaurants offer a wide variety of items designed to appeal to a broad range of consumer tastes. Logan's dinner menu features an assortment of specially seasoned USDA choice steaks, extra-aged and cut by hand on premises. Guests also may choose from slow-cooked baby back ribs, seafood, mesquite-grilled shrimp, mesquite-grilled pork chops, grilled chicken and an assortment of hamburgers, salads and sandwiches. All dinner entrees include dinner salad, made-from-scratch yeast rolls and a choice of brown sugar and cinnamon sweet potato, baked potato, mashed potatoes, steamed vegetables, fries or rice pilaf at no additional cost. Logan 's express lunch menu provides specially priced items to be served in less than 15 minutes. All lunch salads are served with made-from-scratch yeast rolls and all lunch sandwiches are served with home-style potato chips at no additional cost. Prices range from $4.79 to $8.49 for lunch items and from $5.39 to $17.99 for dinner entrees. The average check per customer for fiscal 2001 was $11.40. Logan 's adjusts its prices from time to time, and increased menu prices approximately 1% in July 2001.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.