Welcome to our dedicated page for Cracker Barrel Old Ctry Store news (Ticker: CBRL), a resource for investors and traders seeking the latest updates and insights on Cracker Barrel Old Ctry Store stock.
Cracker Barrel Old Country Store, Inc. operates full-service restaurants with attached Old Country Store retail shops across the United States and owns the fast-casual Maple Street Biscuit Company. Company news commonly covers seasonal menu launches, returning comfort-food items, family and holiday offers, new restaurant openings, and updates tied to the Cracker Barrel dining and retail model.
Financial updates for CBRL focus on quarterly results, fiscal outlook, comparable restaurant and retail sales, operating initiatives, cost actions, and management commentary on traffic, guest metrics, and performance across its restaurant and retail operations.
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Cracker Barrel Old Country Store introduces new seasonal menu items as part of its spring offerings, including Cheesy Bacon Homestyle Fried Chicken starting at $11.99, Spiked Strawberry Lemonade Cocktail, Loaded Steak Fries, and Mini Fresh Strawberry Cheesecake. These additions provide variety at a compelling value for guests, with meals available under $12. The emphasis is on delivering a consistent experience and homestyle food in a welcoming environment. Guests can enjoy these limited-time offerings and also benefit from mobile payment options available at the restaurant.
Cracker Barrel Old Country Store (CBRL) reported a total revenue of $933.9 million for Q2 fiscal 2023, marking an 8.3% increase from last year. Comparable restaurant sales rose 8.4%, while retail sales increased 4.1%. However, GAAP net income fell 19.0% to $30.5 million, and GAAP earnings per diluted share decreased 14.4% to $1.37. The Board declared a $1.30 quarterly dividend per share, payable on May 9, 2023. The company anticipates total revenue growth of 7.0% to 9.0% for the fiscal year amidst rising commodity and wage inflation.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a webcast for its second quarter earnings conference call on February 28, 2023, at 11:00 a.m. ET. This call will cover financial results for the fiscal second quarter ending January 27, 2023. Investors can access the live broadcast via the Company's website, with an online replay available from 2:00 p.m. ET until March 14, 2023. Cracker Barrel operates over 660 locations and owns the Maple Street Biscuit Company, established in 1969.
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Cracker Barrel Old Country Store introduces new affordable catering options and holiday meals to ease stress during family gatherings. Highlights include the Homestyle Chicken® n' French Toast, starting at $8.49 per person, designed for groups of 10 or more. The Prime Rib Heat n' Serve Family Dinner serves 4-6 for $124.99, while the Holiday Ham Heat n' Serve Feast for 8-10 is priced at $159.99. These offerings aim to alleviate holiday pressures due to inflation and rising food costs, allowing families to enjoy memorable moments together.