Cracker Barrel Old Country Store, Inc. (CBRL) posted fourth-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The company's earnings also declined year over year. Following the results, the company's shares lost 1.1% on Thursday. Cracker Barrel is facing several challenges due to broader economic conditions. Persistent inflation, weak consumer confidence and rising interest rates are likely to adversely impact customer spending habits. Earnings & Revenues of CBRL ...

After years of struggling with COVID-related disruptions, labor shortages, inflation, and shifting consumer habits, Cracker Barrel NASDAQ: CBRL is turning a corner. The FQ4 and full-year 2024 results are lackluster, and the guidance is tepid, but it could have been worse, much worse, and there is an expectation that improvements will continue gaining traction in F2025. It may take time for the market to build a stronger base and set itself up to sustain a rally, but lower prices are unlikely, and there is a ...

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q4 2024 Earnings Conference Call September 19, 2024 11:00 AM ET Company Participants Adam Hanan - Director of IR Julie Masino - President and CEO Craig Pommells - SVP and CFO Conference Call Participants Brian Mullan - Piper Sandler Dennis Geiger - UBS Katherine Griffin - Bank of America Jake Bartlett - Truist Securities Andrew Wolf - CL King Jon Tower - Citigroup Operator Good day. And welcome to the Cracker Barrel Fiscal 2024 Fourth Quarter Conference C ...

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Key Takeaways Cracker Barrel said it expects wages to rise faster than commodity prices over the next year. The company on Thursday reported fourth-quarter earnings just below analyst estimates. Comparable dining sales rose year-over-year, but they fell in the company's well-known gift shops. One of America's best-known casual dining chains sees inflation continuing in the year ahead, with wages rising more than commodity prices. Cracker Barrel (CBRL), which has more than 600 restaurants in 44 states, on Th ...

For 55 years, Cracker Barrel has welcomed billions of guests from around the world to enjoy its authentic country-inspired experience, homestyle cooking and warm hospitality. To show appreciation for its employees and guests Cracker Barrel is giving away free slices of its famous Double Chocolate Fudge Coca-Cola Cake today through Sept. 22. To complement the free dessert, Cracker Barrel Rewards™ Members can also receive free bottomless or "all you can hold" Premium Blend Coffee and Iced tea, both items avai ...

For the quarter ended July 2024, Cracker Barrel Old Country Store (CBRL) reported revenue of $894.39 million, up 6.9% over the same period last year. EPS came in at $0.98, compared to $1.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $898.79 million, representing a surprise of -0.49%. The company delivered an EPS surprise of -16.24%, with the consensus EPS estimate being $1.17. While investors scrutinize revenue and earnings changes year-over-year and how they c ...

Cracker Barrel Old Country Store (CBRL) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.24%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.56 per share when it actually produced earnings of $0.88, delivering a surprise of 57.14%. Over the ...

Exhibit 99.1 Post Office Box 787 Lebanon, Tennessee 37088-0787 Investor Contact: Adam Hanan (615) 443-9887 Media Contact: Heidi Pearce (615) 235-4135 CRACKER BARREL REPORTS FOURTH QUARTER FISCAL 2024 RESULTS LEBANON, Tenn. – September 19, 2024 – Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024. In 2024, the fourth quarter and fiscal year included an additional operating we ...

Core Viewpoint - Cracker Barrel Old Country Store, Inc. (CBRL) is set to report its fourth-quarter fiscal 2024 results on September 19, with expectations of a significant earnings surprise based on previous performance [1]. Estimate Revisions - The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share is $1.17, reflecting a decline of 34.6% from $1.79 in the same quarter last year [2]. - Revenue expectations are set at $898.8 million, indicating a year-over-year increase of 7.4% [2]. Factors Influencing Performance - Menu innovation, higher pricing, and expansion efforts are anticipated to positively impact CBRL's top line, particularly due to increased demand for breakfast items and the introduction of $5 take-home meals [3]. - Growth in off-premise sales through initiatives like curbside delivery and family meal baskets is also expected to contribute positively [4]. Revenue Predictions - Restaurant revenues are projected to reach $715.9 million, up 7.9% year-over-year, while retail revenues are expected to be $168.2 million, reflecting a 6.9% increase [5]. - However, challenges such as declining traffic and same-store sales are anticipated to negatively affect results, with retail same-store sales predicted to decrease by 0.5% year-over-year [5]. Cost and Margin Pressures - Strategic investments in advertising and labor are likely to increase costs, with labor expenses expected to rise by 9% to $332.6 million and store-operating expenses projected to increase by 8.4% to $821.6 million [6]. - Adjusted operating income is forecasted to decline by 30.7% year-over-year to $27.6 million [6]. Earnings Prediction - The model indicates a potential earnings beat for Cracker Barrel, supported by a positive Earnings ESP of +2.74% and a Zacks Rank of 2 (Buy) [7][8].