secwatch.observer — SEC 8-K summary
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Issuer:     CRACKER BARREL OLD COUNTRY STORE, INC (CBRL)
CIK:        0001067294
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001104659-22-123902
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cracker Barrel Q1 revenue up 7.0% to $839.5M; adj. EPS $0.99 vs $1.52; cuts FY margin outlook
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1067294/000110465922123902/0001104659-22-123902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1067294/000110465922123902/tm2231723d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-123902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer