Cracker Barrel Old Ctry Store Stock Price, News & Analysis

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a third quarter earnings conference call on June 7, 2022 at 11:00 a.m. ET. This call will discuss financial results for the fiscal third quarter ended April 29, 2022. The live webcast will be accessible via the company's website, with a replay available until June 21, 2022.

Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.

Cracker Barrel Old Country Store launches a new Homestyle Chicken Sandwich under its virtual brand Chicken n' Biscuits, available at 400 locations nationwide through delivery services like DoorDash, Uber Eats, and Grubhub. This new sandwich features hand-breaded fried chicken, pickles, and a brioche bun, accompanied by steak fries. The brand aims to compete in the growing chicken sandwich market, offering various comfort food options for customers. Chicken n' Biscuits has recently expanded its presence and rebranded since its introduction in May 2021.

Cracker Barrel Old Country Store has announced the return of its popular Easter Heat n' Serve meals, perfect for hassle-free family gatherings this spring. Notable offerings include the Easter Prime Rib Heat n' Serve Family Dinner starting at $124.99, serving 4-6 people, and the Easter Ham Heat n' Serve Feast for 8-10 guests, starting at $149.99. Customers can pre-order these meals online for pickup from April 14-17. The menu aims to cater to budget-conscious families while delivering quality, homestyle options.

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) has announced a quarterly dividend of $1.30 per share. This dividend is payable on May 3, 2022, to shareholders recorded on April 18, 2022. Established in 1969, Cracker Barrel operates over 660 locations across 45 states, alongside the Maple Street Biscuit Company. This regular dividend highlights the company's commitment to returning value to shareholders and reflects its ongoing operational stability.

Cracker Barrel Old Country Store is expanding its breakfast brand, The Pancake Kitchen, to nearly 200 locations in 2022, with the aim of enhancing convenience for customers. The menu will feature a range of pancakes, available for delivery through DoorDash and Uber Eats. To celebrate this expansion, starting Feb. 26, customers spending $20 on pancakes will receive a complimentary order of Biscuit Beignets. The expansion aligns with a growing trend in online ordering and delivery services.

Cracker Barrel Old Country Store reported a strong second quarter for fiscal 2022, with total revenue of $862.3 million, up 27.3% year-over-year. Comparable store restaurant sales increased 1.9%, while retail sales rose 13.7%. GAAP net income was $37.6 million with an EPS of $1.60, a 171% increase from last year. The company anticipates challenges from inflation and reduced demand, expecting approximately $800 million in revenue for the third quarter. However, strong sales momentum and future margin recovery are expected in Q4.

On February 15, 2022, Cracker Barrel Old Country Store announced the expansion of its beverage offerings, adding new wines and limited-time craft drinks. Guests can now enjoy Roscato Moscato and Roscato Sweet Red Wine, alongside Jack Daniel's Country Cocktails Lynchburg Lemonade and non-alcoholic options like Fruit Stand Tea and Fudge Hot Chocolate. These offerings enhance the dining experience at over 500 locations nationwide, further diversifying Cracker Barrel's menu while maintaining affordable pricing of under $6.79 for most items.

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) is set to host an online webcast of its second quarter earnings conference call on February 22, 2022, at 11:00 a.m. Eastern Time. The call will cover financial results for the fiscal second quarter ending January 28, 2022. A replay will be accessible starting at 2:00 p.m. Eastern Time on the same day until March 8, 2022. Cracker Barrel operates over 660 locations and owns the Maple Street Biscuit Company.

Cracker Barrel Old Country Store is hosting an "Employee Appreciation's On Us Giveaway" from January 31 to February 18 to reward employees in the U.S. for their hard work amid pandemic challenges. Participants can enter to win catering, gift cards, and branded games by sharing stories about deserving co-workers. Ten grand prize winners will receive catering for 50 people and a $250 gift card, while five honorable mentions will get party packs. This initiative aims to recognize employee contributions leading up to National Employee Appreciation Day on March 4.