>Cracker Barrel Reports 35% Increase in Second-Quarter EPS

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>LEBANON, Tenn., Feb 23, 2010 (BUSINESS WIRE) — Cracker Barrel Old Country Store, Inc. (“Cracker Barrel,” or the “Company”) (Nasdaq: CBRL):

•Fully diluted income per share was $1.09 for the second quarter of fiscal 2010, an increase of 35%
compared with the prior-year quarter
•Operating income margin in the second quarter was 7.8% of total revenue compared with 6.2% in the prior-year quarter
•Revenue for the second quarter increased 0.4% to $632.6 million
•Comparable store restaurant traffic outpaced the Knapp-Track(TM) Traffic Index for the fourteenth consecutive quarter
•Comparable store restaurant and retail sales decreased 0.2% and 3.0%, respectively
•Net cash flow from operating activities for the first six months of fiscal 2010 increased $36.4 million to $86.3 million compared with the prior-year comparable period
•Reduced long-term debt by $41.4 million in the second quarter
•Repurchased 205,000 shares in the second quarter

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