earnings
confidence high
sentiment neutral
materiality 0.60
Cracker Barrel Q1 FY2022: comp sales up vs pre-pandemic; adj EPS $1.52; $1.30 dividend
CRACKER BARREL OLD COUNTRY STORE, INC
2022-Q1 EPS reported
$1.41
revenue$784,930,000
- Comparable store restaurant sales up 1.4% vs Q1 FY2019; retail sales up 17.6% vs FY2019.
- GAAP net income $33.4M ($1.41 diluted EPS) vs $170.7M ($7.18); adj EPS $1.52 vs $0.69.
- Adjusted operating income $46.1M (5.9% rev) vs $27.7M (4.3%); EBITDA $71.9M (9.2% rev).
- Quarterly dividend declared $1.30/share, payable Feb 1, 2022 to record Jan 14, 2022.
- Outlook: Q2 comp sales growth vs FY19 higher than Q1; FY22 capex ~$120M; no annual EPS guidance.