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Cracker Barrel Acquires Maple Street Biscuit Company

Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.

“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...

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Oct 15 8:15 AM, General News



Cracker Barrel Reports Strong Fourth Quarter And Full Year Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc., today reported its financial results for the fourth quarter of fiscal 2019 ended August 2, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic growth of 0.2% outperformed the casual dining industry.
  • Earnings per diluted share were $2.70 compared to prior year fourth quarter GAAP earnings per diluted share of $2.55, or $2.19 per share when adjusting for the impact of the prior year 53rd week.
  • As previously announced, the Company entered into a strategic relationship with Punch Bowl Social ("PBS") on July 18, 2019 by acquiring a...
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Sep 18 8:53 AM, General News


Cracker Barrel Reports Third Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2019 ended May 3, 2019.

Third Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 1.3% and traffic of -1.8% outperformed the casual dining industry.
  • Earnings per diluted share were $2.09, a 3.0% increase compared to $2.03 in the prior year third quarter.
  • The Company announced its Board of Directors increased the quarterly dividend to $1.30 per share on...
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Jun 5 9:24 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the second quarter of fiscal 2019 ended February 1, 2019.

Second Quarter Fiscal 2019 Highlights

  • Compared to the prior year second quarter, comparable restaurant sales increased 3.8% with comparable restaurant traffic increasing 0.1%. Comparable store retail sales declined 1.4%.
  • Comparable restaurant sales and traffic growth outperformed the casual dining industry.
  • Earnings per diluted share were $2.52, compared to prior year second quarter GAAP earnings per diluted share of $3.79 (including a $1.06 per share benefit in Q2 2018 resulting from a one-time non-cash revaluation of the Company's deferred tax liability in conjunction with the Tax Cut and Jobs Act of 2017) and adjusted earnings per diluted share of $2.73 (see non-GAAP reconciliation below).
  • Operating income margin was 9.5% of revenue, compared to ...
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Feb 26 8:56 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2019 Results and Declares Quarterly Dividend 

Company reports positive comparable store restaurant and retail sales

Board declares quarterly dividend of $1.25 per share

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter ended November 2, 2018.

First Quarter Fiscal 2019 Highlights

  • Earnings per diluted share were $1.96, a 2.1% increase compared to $1.92 in the prior year first quarter.
  • Compared to the prior year, comparable restaurant sales increased 1.4% and comparable retail sales increased 4.3%.
  • The Company's Board of Directors declared a quarterly dividend of $1.25 per share on the Company's common stock, payable on February 5, 2019 to shareholders of record on January 18, 2019...
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Nov 29 9:57 AM, General News


Cracker Barrel Old Country Store Prepares to Serve Guests this Thanksgiving 

On Cracker Barrel’s busiest day of the year, America’s Thanksgiving experts offer three ways for guests to relax and enjoy the holiday

This Thanksgiving, Cracker Barrel Old Country Store® is connecting family and friends around the table by offering several in-store and carryout meal options to help guests put the focus back on time spent with family. As the Thanksgiving expert, Cracker Barrel will once again offer its Homestyle Turkey n’ Dressing Meals for in-store guests, as well as its popular...

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Nov 19 9:42 AM, General News




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