earnings
confidence high
sentiment positive
materiality 0.75
Cracker Barrel Q2 rev $862M, adj EPS $1.71; guides Q3 margin ~5% amid inflation
CRACKER BARREL OLD COUNTRY STORE, INC
2022-Q2 EPS reported
$3.02
revenue$1,647,190,000
- Revenue $862.3M (+27.3% YoY, +6.2% vs FY19); comparable restaurant sales +1.9% vs FY19.
- GAAP diluted EPS $1.60; adjusted EPS $1.71 (both up >140% YoY).
- Off-premise sales grew 123% vs FY19, representing ~24% of restaurant sales.
- Q3 guidance: revenue ~$800M; commodity inflation ~15%; wage inflation ~11-12%; adj operating margin ~5%.
- Repurchased $34.2M in shares, paid $30.7M in dividends; returned $64.9M total in Q2.