Cracker Barrel 2024 Outlook: Expects Total Revenue Of $3.47B-$3.51B (Prior $3.5B-$3.6B) Vs. $3.474B Consensus; And Adjusted EBITDA Of $200M- $220M

5/30/24 8:09:35 AM ET

$CBRL

Restaurants

Consumer Discretionary

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Fiscal 2024 Outlook

The Company provided the following update to its fiscal 2024 outlook:

Total revenue of $3.47 billion to $3.51 billion
Two new Cracker Barrel stores and 8 to 10 new Maple Street Biscuit Company units
Commodity inflation that is approximately flat compared to the prior year
Hourly wage inflation of approximately 5% compared to the prior year
Adjusted EBITDA1 of $200 million to $220 million, which includes the impact from the 53rd week in the fiscal 2024 year2
Capital expenditures of $120 million to $125 million

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Recent Analyst Ratings for
$CBRL

Date	Price Target	Rating	Analyst
12/5/2024	$46.00 → $58.00	Neutral	Piper Sandler
11/18/2024	$52.00	Hold → Buy	Argus
8/6/2024		Buy → Hold	Argus
5/17/2024	$90.00	Buy → Neutral	CL King
7/18/2023	$96.00	Neutral	Piper Sandler
3/24/2023	$126.00	Hold → Buy	Argus
12/20/2022	$116.00	Buy	CL King
12/16/2022	$105.00	Neutral	UBS

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$CBRL
Press Releases

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Spring Has Sprung at Cracker Barrel: New Seasonal Menu Brings Fresh Flavors and Sweet Indulgences to the Table
From OREO® Stuffed Cheesecake Pancakes to Shrimp n' Grits, Cracker Barrel is introducing delicious new dishes to celebrate the arrival of spring LEBANON, Tenn., Feb. 11, 2025 /PRNewswire/ -- Spring arrives early this year at Cracker Barrel Old Country Store® as the brand elevates its menu with the addition of new sweet and savory menu offerings – including OREO® Stuffed Cheesecake Pancakes, and Southern-inspired entrees like a Louisiana-Style Shrimp Skillet and Shrimp n' Grits. Pancakes take center stage at Cracker Barrel this spring. For those looking for a sweet start to the day or a delicious shareable to split with the table, the stuffed cheesecake pancake breakfast is a delight. Choose
2/11/25 9:03:00 AM ET
$CBRL
Restaurants
Consumer Discretionary
Cracker Barrel Heats Up the New Year with Flavorful New Menu Additions, Returning Fan Favorites at an Unbeatable Value
From all-new Crispy Tender Dippers with a special take on classic Nashville Hot Sauce to breakfast and dinner options at an everyday value, Cracker Barrel is bringing a crave-worthy taste of country this winter LEBANON, Tenn., Jan. 7, 2025 /PRNewswire/ -- New year, new menu! Cracker Barrel Old Country Store® is heating up winter with delicious new menu offerings – including Crispy Tender Dippers with an original take on bold Nashville Hot sauce, a Signature Saucy Chicken Sandwich and Chicken n' Dumplin Soup – returning favorites and incredible dining deals. Arriving today at
1/7/25 9:02:00 AM ET
$CBRL
Restaurants
Consumer Discretionary
CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK
LEBANON, Tenn., Dec. 4, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today reported its financial results for the first quarter of fiscal 2025 ended November 1, 2024. First Quarter Fiscal 2025 Highlights First quarter total revenue was $845.1 million. Compared to the prior year first quarter, total revenue increased 2.6%.Comparable store restaurant sales increased 2.9%, outperforming the Black Box Intelligence Casual Dining Index by approximately 290 basis points.Comparable store retail sales decreased 1.6%.GAAP earnings per diluted share were $0.22, and adjusted1 earnings per diluted share were $0.45.GAAP net income for the fi
12/4/24 8:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary

$CBRL
Financials

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CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK
LEBANON, Tenn., Dec. 4, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today reported its financial results for the first quarter of fiscal 2025 ended November 1, 2024. First Quarter Fiscal 2025 Highlights First quarter total revenue was $845.1 million. Compared to the prior year first quarter, total revenue increased 2.6%.Comparable store restaurant sales increased 2.9%, outperforming the Black Box Intelligence Casual Dining Index by approximately 290 basis points.Comparable store retail sales decreased 1.6%.GAAP earnings per diluted share were $0.22, and adjusted1 earnings per diluted share were $0.45.GAAP net income for the fi
12/4/24 8:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary
CRACKER BARREL REPORTS PRELIMINARY FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK
Strategic Transformation Plan on Track LEBANON, Tenn., Nov. 14, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its preliminary unaudited financial results for the first quarter of fiscal 2025 ended November 1, 2024 and reaffirmed its fiscal 2025 outlook. The Company plans to report final first quarter fiscal 2025 financial results on December 4, 2024. Preliminary First Quarter Fiscal 2025 Financial Highlights First quarter total revenue is expected to be approximately $845.1 million. Compared to the prior year first quarter, total revenue increased 2.6%.Comparable store restaurant sales increased 2.9%, outperformi
11/14/24 8:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary
/C O R R E C T I O N -- Biglari Capital Corp./
In the news release, Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel, issued 12-Nov-2024 by Biglari Capital Corp. over PR Newswire, we are advised by the company to disregard the original first sentence and the November 11, 2024 date below it. The complete, corrected release follows: Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg C
11/12/24 8:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary

Biglari Capital Corp. Issues Letter to Shareholders of Cracker Barrel Old Country Store, Inc.
San Antonio, TX, Oct. 8, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). See below for the shareholder letter in its original form. Dear Shareholders of Cracker Barrel Old Country Store Inc.: Through affiliated entities, we have been shareholders of Cracker Barrel since 2011. We currently own 2,069,141 shares. Since 2019, the shareholders of Cracker Barrel have collectively lost over $2.9 billion in market value.1 As 9.3% owners of the stock, we have lost our proportional share. Neither the appointment of Julie Felss Masino as the Company's CEO nor her ne
10/8/24 7:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary
Cracker Barrel Appoints Sarah Moore as New Chief Marketing Officer
Skilled brand builder and growth driver has built successful career in hospitality by blending traditional marketing with innovation LEBANON, Tenn., July 18, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store® ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) is pleased to announce the appointment of Sarah Moore as its Chief Marketing Officer, effective Monday, July 22. Moore's nearly 20 years of hospitality experience is a perfect match for the strong hospitality focus of Cracker Barrel. Her strategic experience in marketing, brand building, and guest engagement will be strong assets to Cracker Barrel as it evolves, taking what is beloved and differentiated about the brand and building o
7/18/24 4:05:00 PM ET
$CBRL
Restaurants
Consumer Discretionary
New Cracker Barrel Rewards™ Brings Guests the Rewards They Crave with the Care They Deserve
Introducing more ways to enjoy homestyle favorites and shop unique finds at our Old Country Store LEBANON, Tenn., Sept. 20, 2023 /PRNewswire/ -- Now, every visit to Cracker Barrel Old Country Store® can be even more rewarding with new Cracker Barrel Rewards™. Members of the unique program can earn Pegs (like points) through restaurant or retail purchases and redeem them for rewards. Plus, members can enjoy more of what they love from Cracker Barrel with Birthday, Anniversary and Surprise Bonus Rewards, and one-of-a-kind digital experiences just for being a member. Earn Pegs to
9/20/23 9:00:00 AM ET
$CBRL
Restaurants
Consumer Discretionary

Cracker Barrel 2024 Outlook: Expects Total Revenue Of $3.47B-$3.51B (Prior $3.5B-$3.6B) Vs. $3.474B Consensus; And Adjusted EBITDA Of $200M- $220M

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Recent Analyst Ratings for
$CBRL

$CBRL
Press Releases

Fastest customizable press release news feed in the world

Spring Has Sprung at Cracker Barrel: New Seasonal Menu Brings Fresh Flavors and Sweet Indulgences to the Table

Cracker Barrel Heats Up the New Year with Flavorful New Menu Additions, Returning Fan Favorites at an Unbeatable Value

CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

$CBRL
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Cracker Barrel Old Country Store Inc

Amendment: SEC Form SC 13D/A filed by Cracker Barrel Old Country Store Inc

Amendment: SEC Form SC 13D/A filed by Cracker Barrel Old Country Store Inc

$CBRL
Financials

Live finance-specific insights

CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

CRACKER BARREL REPORTS PRELIMINARY FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

/C O R R E C T I O N -- Biglari Capital Corp./

$CBRL
Leadership Updates

Live Leadership Updates

Biglari Capital Corp. Issues Letter to Shareholders of Cracker Barrel Old Country Store, Inc.

Cracker Barrel Appoints Sarah Moore as New Chief Marketing Officer

New Cracker Barrel Rewards™ Brings Guests the Rewards They Crave with the Care They Deserve

$CBRL
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SVP Chief Supply Chain Officer Spurgin Jim Mark covered exercise/tax liability with 318 shares, decreasing direct ownership by 6% to 5,043 units (SEC Form 4)

SVP & CFO Pommells Craig covered exercise/tax liability with 1,632 shares, decreasing direct ownership by 4% to 37,295 units (SEC Form 4)

Director Goodwin Michael was granted 2,938 shares (SEC Form 4)

$CBRL
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Piper Sandler reiterated coverage on Cracker Barrel with a new price target

Cracker Barrel upgraded by Argus with a new price target

Cracker Barrel downgraded by Argus

$CBRL
SEC Filings

SEC Form SCHEDULE 13G filed by Cracker Barrel Old Country Store Inc

Cracker Barrel Old Country Store Inc filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Cracker Barrel Old Country Store Inc

Cracker Barrel 2024 Outlook: Expects Total Revenue Of $3.47B-$3.51B (Prior $3.5B-$3.6B) Vs. $3.474B Consensus; And Adjusted EBITDA Of $200M- $220M

Chat with this insight

Recent Analyst Ratings for $CBRL

$CBRL Press Releases

Fastest customizable press release news feed in the world

Spring Has Sprung at Cracker Barrel: New Seasonal Menu Brings Fresh Flavors and Sweet Indulgences to the Table

Cracker Barrel Heats Up the New Year with Flavorful New Menu Additions, Returning Fan Favorites at an Unbeatable Value

CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

$CBRL Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Cracker Barrel Old Country Store Inc

Amendment: SEC Form SC 13D/A filed by Cracker Barrel Old Country Store Inc

Amendment: SEC Form SC 13D/A filed by Cracker Barrel Old Country Store Inc

$CBRL Financials

Live finance-specific insights

CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

CRACKER BARREL REPORTS PRELIMINARY FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK

/C O R R E C T I O N -- Biglari Capital Corp./

$CBRL Leadership Updates

Live Leadership Updates

Biglari Capital Corp. Issues Letter to Shareholders of Cracker Barrel Old Country Store, Inc.

Cracker Barrel Appoints Sarah Moore as New Chief Marketing Officer

New Cracker Barrel Rewards™ Brings Guests the Rewards They Crave with the Care They Deserve

$CBRL Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SVP Chief Supply Chain Officer Spurgin Jim Mark covered exercise/tax liability with 318 shares, decreasing direct ownership by 6% to 5,043 units (SEC Form 4)

SVP & CFO Pommells Craig covered exercise/tax liability with 1,632 shares, decreasing direct ownership by 4% to 37,295 units (SEC Form 4)

Director Goodwin Michael was granted 2,938 shares (SEC Form 4)

$CBRL Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Piper Sandler reiterated coverage on Cracker Barrel with a new price target

Cracker Barrel upgraded by Argus with a new price target

Cracker Barrel downgraded by Argus

$CBRL SEC Filings

SEC Form SCHEDULE 13G filed by Cracker Barrel Old Country Store Inc

Cracker Barrel Old Country Store Inc filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Cracker Barrel Old Country Store Inc

Recent Analyst Ratings for
$CBRL

$CBRL
Press Releases

$CBRL
Large Ownership Changes

$CBRL
Financials

$CBRL
Leadership Updates

$CBRL
Insider Trading

$CBRL
Analyst Ratings

$CBRL
SEC Filings