earnings
confidence high
sentiment neutral
materiality 0.75
Cracker Barrel Q2 revenue up 8.3% to $933.9M; GAAP EPS $1.37, adjusted $1.48; dividend $1.30
CRACKER BARREL OLD COUNTRY STORE, INC
2023-Q2 EPS reported
$2.14
revenue$1,773,387,000
- Total revenue $933.9M (8.3% YoY); comp restaurant sales +8.4%, retail +4.1%.
- GAAP operating income $39.0M (4.2% of revenue); adjusted operating income $42.2M (4.5% of revenue).
- GAAP EPS $1.37 (-14.4% YoY); adjusted EPS $1.48 (-13.5% YoY). EBITDA $67.7M (7.3% of revenue).
- Quarterly dividend $1.30/share, payable May 9 to holders of record Apr 14, 2023.
- FY2023 outlook: rev growth 7-9%, commodity inflation 8.5-9%, wage inflation ~6.5%, cost savings ~$25M.