Cracker Barrel Old Ctry Store Stock Price, News & Analysis

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.

Cracker Barrel reported Q1 fiscal 2023 revenue of $839.5 million, up 7.0% from the previous year. Comparable store restaurant sales rose 7.1%, while retail sales increased 4.3%. GAAP net income dropped 48.7% to $17.1 million, with GAAP EPS at $0.77, a 45.4% decline. The Board declared a quarterly dividend of $1.30 per share. Outlook for fiscal 2023 is cautious, with revenue growth projected at 6% to 8% amid inflation and consumer uncertainty. The company appointed William Moreton to the Board, enhancing strategic capabilities.

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will hold a first-quarter earnings conference call on December 2, 2022, at 11:00 a.m. Eastern Time. This call will cover financial results for the fiscal first quarter ended October 28, 2022. The live broadcast can be accessed via the Company’s website, with a replay available starting at 2:00 p.m. Eastern Time on the same day until December 16, 2022. Cracker Barrel operates more than 660 locations and owns Maple Street Biscuit Company.

Cracker Barrel Old Country Store is introducing its Thanksgiving Heat n' Serve Meals designed for families looking to simplify holiday preparations. Starting at $14.99 per person, these meals serve 8-10 and include roasted turkey, sides, and dessert. The seasonal menu features the Cinnamon Roll Pie Breakfast and a new Glitter Globe Spritzer cocktail, available from November 19-26. Guests can pre-order for pickup and receive a bonus card with orders scheduled for November 21 or 22. Cracker Barrel is focused on enhancing the holiday experience with affordable and convenient dining options.

Cracker Barrel (Nasdaq: CBRL) announced the appointment of Jody L. Bilney to its Board of Directors following a Nomination and Cooperation Agreement with Biglari Capital Corp. As part of the Agreement, the Board will expand to eleven directors. Bilney brings extensive experience, having served in senior roles at companies like Humana and Verizon. The Agreement includes provisions for reimbursement of up to $500,000 for Biglari's expenses and outlines standstill obligations until February 29, 2024. Shareholder approval for Bilney's appointment will be sought in upcoming annual meetings.

Cracker Barrel (CBRL) reported fourth quarter fiscal 2022 results with total revenue of $830.4 million, a 5.9% increase year-over-year. Comparable store restaurant sales rose 6.1% while retail sales increased 3.0%. GAAP net income was $33.4 million, an 8.2% decrease from the prior year. The company declared a quarterly dividend of $1.30 per share, payable on November 8, 2022. For fiscal 2023, Cracker Barrel anticipates revenue growth of 7% to 8% and expects commodity inflation of approximately 8%.

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a webcast of its fourth quarter earnings call on September 27, 2022, at 11:00 a.m. Eastern Time. Management will discuss financial results for the fiscal fourth quarter and year ending July 29, 2022. The call will be available online at investor.crackerbarrel.com with a replay starting at 2:00 p.m. the same day, continuing until October 11, 2022. Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.

Cracker Barrel Old Country Store announced new menu additions for fall, featuring limited-time items like Kick'n Ranch Fried Chicken, Broccoli Cheese Casserole, and new shareable options, including Country Fried Pickles and White Cheddar Cheese Bites. The Kick'n Ranch Fried Chicken, available until Oct. 9, offers bold flavors with ranch seasoning. Pair with new Peach Mimosa and seasonal desserts. The menu aims to provide guests with diverse, flavorful choices at competitive prices, enhancing the overall dining experience.

Cracker Barrel Old Country Store expands its all-day breakfast menu with the introduction of a Build Your Own Homestyle Breakfast option, allowing greater customization. New offerings include the plant-based Impossible Sausage and a Stuffed Cheesecake Pancake Breakfast. The menu encourages personalization with various meat and side upgrades starting at $8.99. Cracker Barrel aims to enhance guest experience by catering to diverse preferences. New beverage pairings are also available, including a summer-themed Rocket Pop Mimosa.