earnings
confidence high
sentiment negative
materiality 0.75
Cracker Barrel Q3 FY2022 EPS $1.19; revenue $790.2M up 10.8%; declares $1.30 dividend and $200M buyback
CRACKER BARREL OLD COUNTRY STORE, INC
2022-Q3 EPS reported
$4.21
revenue$2,437,386,000
- GAAP EPS $1.19, adjusted EPS $1.29; revenue $790.2M (+10.8%); operating income $30.5M (3.9% of revenue, down 42% YoY).
- Comparable restaurant sales +10.9%, retail +9.7%; total comparable store sales +10.7% vs prior year.
- Quarterly dividend $1.30 per share (payable Aug 5, 2022); new $200M share repurchase authorization.
- Maple Street Biscuit Co. appoints John Maguire as President; Q4 FY22 guidance: revenue ~+8% YoY, adj op margin 4.0-4.5%.
- Q4 expectations: commodity inflation 16-18%, wage inflation 8-10%, capex ~$30M, six new Maple Street units.