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Cracker Barrel(CBRL) - 2021 Q2 - Quarterly Report
2021-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended January 29, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from___________ to ___________ Commission file number: 001-25225 Cracker Barrel Old Country Store, Inc. (Exact name of registrant as specified in its charter) Te ...
Cracker Barrel(CBRL) - 2021 Q1 - Earnings Call Transcript
2020-12-03 19:36
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q1 2021 Results Earnings Conference Call December 3, 2020 11:00 AM ET Company Participants Adam Hanan - Manager, IR Sandra Cochran - President and CEO Jill Golder - SVP and CFO Jeff Wilson - Vice President, FP&A Conference Call Participants Alton Stump - Longbow Research Jeff Farmer - Gordon Haskett Jake Bartlett - Truist Securities Brett Levy - MKM Partners Jon Tower - Wells Fargo Todd Brooks - C.L. King Gregory Francfort - Bank of America Operator Good ...
Cracker Barrel(CBRL) - 2021 Q1 - Quarterly Report
2020-12-03 19:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended October 30, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from___________ to ___________ Commission file number: 001-25225 Cracker Barrel Old Country Store, Inc. (Exact name of registrant as specified in its charter) Te ...
Cracker Barrel(CBRL) - 2020 Q4 - Annual Report
2020-09-25 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 31, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from__________to__________ Commission file number: 000-25225 Cracker Barrel Old Country Store, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0812 ...
Cracker Barrel(CBRL) - 2020 Q4 - Earnings Call Transcript
2020-09-15 18:48
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q4 2020 Earnings Conference Call September 15, 2020 11:00 AM ET Company Participants Adam Hanan - Manager, IR Sandra Cochran - President and CEO Jill Golder - SVP and CFO Jeff Wilson - VP, Finance Conference Call Participants Todd Brooks - C.L. King Jeff Farmer - Gordon Haskett Brett Levy - MKM Partners Jon Tower - Wells Fargo Jake Bartlett - SunTrust Gregory Francfort - Bank of America Alton Stump - Longbow Research Robert Derrington - Telsey Advisory Go ...
Cracker Barrel(CBRL) - 2020 Q3 - Earnings Call Transcript
2020-06-02 21:31
Financial Data and Key Metrics Changes - Cracker Barrel reported a 41.7% decrease in comparable store restaurant sales, with traffic declining by 43.6% and average check increasing by 1.9% [42][44] - The company incurred a GAAP earnings loss per diluted share of $6.81, while adjusted earnings loss per diluted share was $1.81 after excluding COVID-related expenses and impairment charges [47][50] - The company ended the quarter with approximately $363 million in cash, bolstered by drawing down on its credit facility [52] Business Line Data and Key Metrics Changes - Comparable store retail sales decreased by 45.5% in the third quarter [43] - The company implemented a limited menu during dining room closures to reduce labor and food waste, while introducing new off-premise offerings [14][18] Market Data and Key Metrics Changes - Sales challenges were exacerbated by the significant impact on breakfast and lunch day parts, which account for a large portion of sales [18] - The company noted that interstate locations performed better than those in suburban areas during the pandemic [109] Company Strategy and Development Direction - The company plans to focus on driving topline growth through menu innovation and enhancing off-premise business [26][31] - Cracker Barrel is investing in technology initiatives to improve guest experience and streamline operations, including a new digital store and contactless payment options [34][33] - The company aims to balance cash conservation with selective investments to support business growth [50][54] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery, noting that consumer willingness to return to full-service restaurants remains uncertain [60][64] - The company anticipates that off-premise sales will remain elevated for the foreseeable future, while retail sales may face challenges due to social distancing measures [61][58] Other Important Information - The company has suspended its dividend and share repurchase programs to conserve cash during the pandemic [50] - Cracker Barrel expects to open two new locations in fiscal 2021, which were delayed due to the pandemic [55] Q&A Session Summary Question: Insights on off-premise business retention as dine-in opens - Management noted that off-premise business has retained much of its volume, with dine-in sales improving significantly [68] Question: Consumer behavior and unemployment impact - Management highlighted uncertainty regarding consumer behavior post-unemployment benefits, emphasizing the importance of value in their offerings [74][75] Question: Cash savings and cash flow generation - Management discussed a balanced approach to capital allocation, prioritizing investments in key initiatives while maintaining cash conservation [84][86] Question: Testing of beer and wine offerings - Management confirmed that testing of beer and wine has been ongoing, with positive initial results and plans for further rollout [95] Question: Managing inventory in a choppy demand environment - Management indicated that inventory management has been proactive, with adjustments made to reflect anticipated demand fluctuations [98][101]
Cracker Barrel(CBRL) - 2020 Q3 - Quarterly Report
2020-06-02 18:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CBRL The Nasdaq Stock Market LLC (Nasdaq Global Select Market) FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended May 1, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from___________ to ___________ Commission file number: 001-25225 Cracker Barrel Old Country Store, Inc. ...
Cracker Barrel(CBRL) - 2019 Q4 - Earnings Call Transcript
2020-02-25 21:52
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q4 2019 Earnings Conference Call February 25, 2020 11:00 AM ET Company Participants Adam Hanan - Manager, IR Sandy Cochran - President and CEO Jill Golder - SVP and CFO Jeff Wilson - VP of FP&A and CFO of Emerging Brands Conference Call Participants Jon Tower - Wells Fargo Gregory Francfort - Bank of America Brett Levy - MKM Partners Jake Bartlett - SunTrust Jeff Farmer - Gordon Haskett Todd Brooks - C.L. King Bob Derrington - Telsey Operator Good day, a ...
Cracker Barrel(CBRL) - 2020 Q2 - Quarterly Report
2020-02-25 18:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended January 31, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from___________ to ___________ Commission file number: 001-25225 Cracker Barrel Old Country Store, Inc. (Exact name of registrant as specified in its charter) Te ...
Cracker Barrel Old Country Store (CBRL) Presents At 22nd Annual ICR Xchange Conference - Slideshow
2020-01-15 19:55
OLD COUNTRY STORE ICR Conference January 2020 Forward Looking Statements and Safe Harbor Treatment 2 All statements made in this Presentation and in any commentary provided by the Company's management in connection herewith other than statements of historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided under the safe harbor provisions of the Private Secu ...