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Cracker Barrel Reports Third Quarter Fiscal 2020 Results And Provides Business Update

Cracker Barrel Old Country Store, Inc. reported its financial results for the third quarter ended May 1, 2020 and provided an update regarding the impact of the coronavirus disease ("COVID-19") pandemic on the Company's business.

COVID-19 Business Update

Beginning in March, the unprecedented circumstances and rapidly changing market conditions caused by the COVID-19 pandemic resulted in significant disruptions to the restaurant industry and to the Company's business. As previously disclosed, the Company undertook numerous actions in response to the pandemic to...

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Jun 3 8:08 AM, General News



Cracker Barrel Old Country Store Announces DoorDash Partnership

Cracker Barrel Old Country Store announced its partnership with DoorDash, to bring the comfort of Cracker Barrel to guests' homes nationwide.

"We have served as a home-away-from-home for more than 50 years, and as families spend even more time together now, we want to make mealtime a little easier by providing the comfort and value guests have come to expect from Cracker Barrel in their own home," said Jeff Sigel, Vice President of Marketing for Cracker Barrel. "We are pleased to partner with DoorDash to provide our homestyle food to guests, wherever they may be."

To help make their guests' next family meal more special, the companies will offer...

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Apr 28 8:19 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter ended January 31, 2020.

Second Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic of -0.2% outperformed the casual dining industry. Comparable store retail sales increased 1.3%.
  • Operating income was $79.1 million, a 3.2% increase compared to the prior year.
  • GAAP earnings per diluted share were $2.55, which includes an unfavorable impact to...
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Feb 25 8:47 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store today reported its financial results for the first quarter ended November 1, 2019.

First Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry.
  • As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.
  • The Company repurchased $14.2 million in shares in the first quarter.
  • GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings per diluted share of $1.96. This figure includes unfavorable impacts to earnings per diluted share for...
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Nov 26 10:04 AM, General News


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




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