earnings
confidence high
sentiment negative
materiality 0.75
Cracker Barrel Q1 revenue up 7.0% to $839.5M; adj. EPS $0.99 vs $1.52; cuts FY margin outlook
CRACKER BARREL OLD COUNTRY STORE, INC
2023-Q1 EPS reported
$0.77
revenue$839,519,000
- GAAP net income $17.1M (2.0% rev), down 48.7% YoY; GAAP EPS $0.77 vs $1.41.
- Adjusted operating income margin 3.6% vs 5.9% prior year; commodity/wage inflation cited.
- Declared quarterly dividend $1.30 per share, payable Jan 31, 2023 to holders of record Jan 13, 2023.
- Appointed William Moreton (former Panera CEO) to Board of Directors.
- FY2023 revenue growth outlook narrowed to 6-8%; GAAP op margin low 4%, adj. op margin high 4%.