For the quarter, the company achieved net income and diluted netincome per share of $24 million and 47 cents, respectively,compared to net income of $26.6 million and diluted net income pershare of 52 cents in the same quarter a year ago. Total revenue forthe fiscal third quarter was up 2.6% to $644.2 million.
The company's profit beat Wall Street's expectations, and CBRLGroup chairman, president and CEO Michael A. Woodhouse said duringthe earnings conference call that the company's operatingperformance was "strong" despite a "soft sales environment."
The company's other brand, Logan Roadhouse, posted comp-storesales increases of 0.5% for the quarter. CBRL is currently workingto divest the chain. Logan's average check increased 2.5%, drivenby an average menu price increase of approximately 2.6%. Guesttraffic declined 2%.
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