New! Bee Sting Chicken Tenders starting at $12.99 and featuring Cracker Barrel's signature fried chicken tenders with a sweet sting! Includes crispy, hand-breaded tenders served with a new, sweet-heat honey glaze and a choice of two country sides, as well as hand-rolled buttermilk biscuits or corn muffins. New! Bee Sting Chicken Sandwich starting at $11.99 and includes a crispy, hand-breaded fried chicken sandwich, drizzled with Cracker Barrel's new and perfectly sweet-heat honey glaze, pickles, and mayo ...

LEBANON, Tenn., May 2, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) will provide a real-time webcast and rebroadcast of its strategic transformation plan update on Thursday, May 16, 2024 beginning at 4:30 p.m. Eastern Time. The live broadcast will be available to the public online in the Events and Presentations section on the Company's website at investor.crackerbarrel.com on May 16, 2024 beginning at 4:30 p.m. Eastern Time.  An online repla ...

To watch this natural phenomenon, guests can also purchase Solar Eclipse Paper Glasses (starting at $2.49) at Cracker Barrel leading up to and on April 8, while supplies last. According to NASA, proper eye protection is critical when viewing a solar eclipse. Sunglasses are not enough protection and special glasses must be worn, so don't forget to grab a pair before looking up. "We are excited to welcome guests in for a complete solar eclipse experience on April 8," said Cracker Barrel Vice President of Mark ...

Cracker Barrel Old Country Store, Inc. (CBRL) is benefiting from menu innovation, strategic initiatives and expansion efforts. Its shares have declined 36.2% against the industry’s growth of 4.3%. However, in the past month, CBRL has shown some resilience, gaining 7.7%.Growth DriversCracker Barrel is continuously focusing on rejuvenating its menu, which serves as the backbone of its riveting growth potential. Its in-store menu features a Fried Chicken Benedict bowl, a Ham n’ Maple Bacon bowl as well as a Sa ...

Dividend investors seek stocks with the highest yields, solid earnings and cash flow to support them. However, not all stocks that offer high dividends have the financial performance to sustain them, and they may have to cut the return.These three stocks offer higher-than-average yields but have warranted caution over the last quarter and coming into this year. Dividend investors should be wary of the potential cuts that these companies could make this year after less than satisfactory financial gains.We’ll ...

Following a challenging year in 2023, Cracker Barrel Old Country Store, Inc. (CBRL) continues to grapple with strong headwinds, including commodity and wage inflation and declining comparable store retail sales. Also, dismal industry traffic and shifts in consumer discretionary spending are a concern. Shares of CBRL have declined by 16.5% in the past three months, against the S&P 500 and the Zacks Retail - Restaurants industry’s growth of 7% and 1.5%, respectively. Earnings estimates for the fiscal 2024 hav ...

Enjoy Craveable, Homestyle Cooking at Home This Spring with New Hot n' Ready Ham and Turkey Family Dinner and Returning Easter Heat n' Serve MealsLEBANON, Tenn., Feb. 28, 2024 /PRNewswire/ -- To celebrate Easter, Cracker Barrel Old Country Store® is announcing new meal offerings to help create a delicious home-cooked meal experience. Guests can enjoy new items like the Hot n' Ready Easter Ham and Turkey Family Dinner and a Heat n' Serve French Toast Bake or traditional favorites like the Easter Heat n' Serv ...

Cracker Barrel Old Country Store, Inc. (CBRL) reported second-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top increased year over year while the bottom line declined from the prior-year quarter figure.Following the results, shares of the company dropped 3% during trading hours on Feb 27. Negative investor sentiments were witnessed as management stated issues related to margin pressures stemming from labor cost inflation. The company expects ongoing margi ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $935.4 million, with restaurant revenues increasing by 1.8% to $730.7 million and retail revenues decreasing by 5.2% to $204.7 million compared to the prior year quarter [35] - Comparable store restaurant sales increased by 1.2% over the prior year [10] - Adjusted operating income for the quarter was $35.9 million, or 3.8% of revenue, while GAAP operating income was $30.8 million [15][41] - GAAP earnings per diluted share were $1.19, and adjusted earnings per diluted share were $1.37 [41] - Traffic was negative 4% for the quarter, but there was a 300 basis point improvement in traffic trends in Q2 compared to Q1 [4][96] Business Line Data and Key Metrics Changes - Off-premise sales accounted for approximately 23.7% of restaurant sales, with a focus on Heat n' Serve offerings and catering, which have the lowest margins [11] - Retail comparable store sales decreased by 5.3%, with declines across most categories, particularly toys, food, and decor [37] - Retail cost of goods sold was 53.2% of retail sales, down from 54% in the prior year quarter, indicating improved initial margins [38] Market Data and Key Metrics Changes - The company expects commodity inflation of approximately 0% to 2% and hourly restaurant wage inflation of approximately 5% for fiscal 2024 [19] - The retail business remains challenged due to pressures in the broader retail industry, leading to a highly promotional environment [33] Company Strategy and Development Direction - The company is focusing on three critical imperatives: driving relevancy, delivering food and experiences that guests love, and growing profitability [21] - A brand repositioning initiative is underway, which includes a full review of brand strategy and identity [66] - The company is testing changes to decor and menu items to enhance guest experience and drive traffic [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving profitability despite anticipated continued margin pressure in the near term, particularly in Q3 [4][18] - The company is encouraged by the resiliency of consumers and improvement in guest sentiment, but acknowledges ongoing industry headwinds [18] - Management highlighted the importance of value in their pricing strategy and the launch of new value-oriented menu items [106] Other Important Information - The company plans to return capital to shareholders while maintaining a conservative balance sheet, with a quarterly dividend of $1.30 declared [42][17] - Capital expenditures for the quarter were $26.4 million, with total debt at $452.3 million [42] Q&A Session Summary Question: Can you elaborate on the loyalty customer sales mix at Thanksgiving and how promotions are integrated into the loyalty program? - Management noted that loyalty members accounted for nearly 50% of Thanksgiving heat and serve sales, driven by direct engagement [68] Question: What is the expected advertising spend as a percent of sales for FY2024? - Management indicated that advertising is expected to be in the mid to low 3% range, reflecting a test and learn approach to marketing [63] Question: How sustainable is the recent growth in labor costs per store? - Management acknowledged that while wage inflation is moderating, investments in labor are crucial for improving guest experience [60] Question: What are the key metrics correlated with same-store sales growth? - Management emphasized focusing on critical metrics that drive traffic performance rather than a wide array of metrics [73] Question: What is the company's perspective on store closures as part of the strategic process? - Management stated that they regularly evaluate the store portfolio and do not have many stores that are cash flow negative [89] Question: How did the early dinner deals menu perform? - Management expressed optimism about the early dinner deals menu, which was launched system-wide due to its operational ease and appeal to price-conscious guests [87] Question: What changes in customer behavior were observed in the quarter? - Management noted growth in the 25 to 44 age cohort and the 65-plus cohort, indicating improved guest experience scores [120]

Cracker Barrel Old Country Store (CBRL) reported $935.4 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 0.2%. EPS of $1.37 for the same period compares to $1.48 a year ago.The reported revenue represents a surprise of +2.14% over the Zacks Consensus Estimate of $915.84 million. With the consensus EPS estimate being $1.29, the EPS surprise was +6.20%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...