"Fiscal 2007 is a transition year for CBRL," Michael A.Woodhouse, CBRL's chairman, president and CEO said. "We are totallyfocused on driving increased traffic and retail sales to improveoperating results in our stores."

The Lebanon, TN restaurant and gift-shop owner, which operates551 Cracker Barrel locations in 41 states, sold off its Logan'sRoadhouse chain for $486 million in the second quarter of 2007,helping to more than triple quarterly earnings. Company officialssay the firm has also spent $950 million to repurchase a total of22 million shares, or approximately 47% of the shares outstanding,in the past year as part of that restructuring effort.

The plan appears to already be paying off. Net income for thequarter ended Jan. 26 jumped to $102.5 million, or $2.88 per share,about $61 million more than the $30.8 million, or 61 cents pershare of net income earned during the same period a year earlier.Revenue during the quarter was also up by 4% to $612.1 million,from $586.7 million in last year's second quarter.