Core Insights - Cracker Barrel Old Country Store, Inc. (CBRL) reported third-quarter fiscal 2025 results with earnings exceeding estimates but revenues falling short, indicating mixed performance [1][3][9] Financial Performance - Adjusted earnings per share (EPS) for the third quarter were 58 cents, surpassing the Zacks Consensus Estimate of 17 cents, but reflecting a 34.1% decline year over year [3][9] - Quarterly revenues reached $821.1 million, missing the consensus mark of $827 million, but showing a year-over-year increase of 0.5% [3][9] Comparable Store Sales - Comparable-store restaurant sales increased by 1% compared to the same quarter in fiscal 2024, while comparable-store retail sales decreased by 3.8% year over year [4] - Menu pricing increased by 4.9% year over year, although the predicted growth for comparable-store restaurant sales was 1.8% [4] Operating Highlights - Cost of goods sold (excluding depreciation and rent) was $247.3 million, up 1% year over year, representing 30.1% of total revenues, which is a 10 basis point increase from the previous year [5] - General and administrative expenses totaled $46 million, down 16% year over year, significantly lower than the predicted $53.9 million [5] Net Income - Adjusted net income for the fiscal third quarter was $13.1 million, down from $19.6 million in the prior-year quarter, but above the prediction of $5 million [6] Balance Sheet - As of May 2, 2025, cash and cash equivalents were $9.8 million, down from $11.9 million a year earlier [7] - Inventory at the end of the fiscal third quarter was $168.9 million, a decrease of 3.8% year over year [7] - Long-term debt increased to $489.4 million from $472.2 million a year earlier [7] Dividend Declaration - CBRL declared a cash dividend of 25 cents per share, scheduled for payment on August 13, 2025, to shareholders on record as of July 18 [7] 2025 Guidance - For fiscal 2025, the company expects revenues between $3.45 billion and $3.5 billion, with adjusted EBITDA anticipated to be between $215 million and $225 million, an increase from previous projections [10] - Commodity inflation is expected to be in the mid-2% range, while hourly wage inflation is also anticipated to be in the mid-2% range, down from earlier estimates [10] Capital Expenditures - Capital expenditures are projected to be in the range of $160 million to $170 million [11]

美国5月份非农就业人数增加13.9万人，创2月以来新低，略高于市场预期的12.6万人。然而，前两个月的就业数据被合计下调9.5万 人，这一修正幅度足以抵消表面上的积极表现。 6月6日，美国劳工统计局公布的数据显示： 联邦政府5月裁员2.2万人，创2020年以来最高纪录。这直接反映了特朗普政府削减政府支出努力的初步影响。经济学家警告，随着 联邦支出削减波及承包商、大学和其他依赖公共资金的机构，至少50万个美国就业岗位可能面临威胁。 相比之下，服务业仍显示韧性，医疗保健、社会援助以及休闲酒店业推动了就业增长。 劳动参与率下滑，供需压力加剧 数据显示，美国5月劳动参与率跌至三个月低点62.4%，25-54岁核心劳动力参与率同样下降。 美国5月非农就业人口增加 13.9万人，预期 12.6万人。3月数据从 18.5万人下调至12万人，4数据月从17.7万人下调至14.7万人。 美国5月失业率 4.2%，预期 4.2%，前值 4.2%。 更值得关注的是，平均时薪月度增长0.4%，超出预期的0.3%，显示工资通胀压力依然存在。劳动力参与率下有所降。 非农数据帮助缓解了市场对企业快速削减就业的担忧。此前，面对关税带来的更高 ...

英国央行行长贝利：我们非常重视前瞻性调查数据显示的工资通胀放缓的证据。 ...

美国劳动生产率自2022年以来首次出现下滑，劳动力成本或将飙升，企业利润承压。 周四，根据美国劳工统计局公布的数据，美国第一季度劳动生产率（非农部门每小时员工产出）以年化0.8%的速度下降，结束了此前连续的增 长，超过经济学家预计的下降0.7%。去年第四季度该指标曾修正上升1.7%。 由于生产力的下降，单位劳动力成本（企业为生产单位产出所支付的劳动成本）在今年1-3月期间跃升5.7%，创下一年来最大增幅。超过经济学 家预计的5.1%。 美联储官员密切关注这些数据，因为生产力的提高（包括通过人工智能等技术进步）有助于抑制工资通胀。对许多企业来说，劳动成本是最大的 支出，因此公司往往寻求新技术和升级设备来提高工人效率，帮助减轻高工资的通胀影响。 生产率增长与移民潮一起，被普遍视为提振经济并在疫情后帮助控制通胀的重要因素。 此次生产率的下降的根本原因在于企业产出的萎缩，下降了0.3%。这在上周公布的GDP数据中已有迹象，Q1实际GDP年化初值-0.3%，贸易相关 因素导致GDP滑坡。 美国劳动生产率下滑引发通胀担忧，企业面临成本压力 尽管整体数据不佳，但制造业表现亮眼。数据显示，第一季度制造业生产率飙升，年化增长4 ...

金十数据5月8日讯，美世咨询欧洲经济和动态资产配置主管Julius Bendikas表示，英国央行货币政策委 员会面临着一个棘手的平衡问题，即通胀和工资水平仍居高不下。全球贸易问题可能会给经济增长和通 胀带来下行压力。我们预计，随着物价和工资通胀进一步放缓，英国央行将继续降息，到2026年将降息 至3.5%或更低。 分析师：待物价和工资通胀进一步放缓，英国央行将继续降息 ...