Share via Email


* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is 54.91.71.108)
* Email Subject: (personalize your message)


Email Content:

Cracker Barrel Reports on Q3 of 2019

06/05/2019

In a press release dated June 4th Cracker Barrel Old Country Store (CBRL) announced results for the 3rd Quarter of Fiscal 2019 ending May 3rd.

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

3rd Quarter Ending

May 3rd 2019

April 27th 2018

Difference (%)

Sales:

$739,603

$721,413

+2.5

Gross profit:

$522,530

$503,694

+3.7

Operating income:

$102,210

$98,718

+3.5

Pre-tax Income

Net Income

$60,975

$50,414

$59,715

$48,747

+2.1

+3.4

Diluted earnings per share:

$2.09

$2.03

+3.0

Gross Margin (%)

71.5

69.8

+2.4

Operating Margin (%)

13.8

13.7

+0.7

Profit Margin (%)

6.8

6.8

-

Long-term Debt and obligations:

$532,814

$528,389

+0.8

12 Months Trailing:

     

Return on Assets (%)

11.3

   

Return on Equity (%)

34.1

   

Operating Margin (%)

9.3

   

Profit Margin (%)

7.1

   

Total Assets

$1,595,070

$1,568,331

+1.7

Market Capitalization

$4,000,000

   

In Q3 2019 restaurant revenue represented 82.5 percent of sales.

52-Week Range in Share Price: $ 141.63 to $ 185.00

Market Close June 5th $166.42

Forward P/E 17.3 Beta 0.7

Comparative same store sales growth for Q3 2019 versus Q3 2018 was +1.3 percent with traffic down 1.8 percent offset by a positive 3.1 percent increase in transactions. Weather impacted same store sales by 0.3 percent.

Commenting on third quarter results CEO and president Sandra B. Cochran stated, "I am pleased that we again delivered comparable store restaurant growth and outperformed the casual dining industry" She added "I am encouraged by our performance in particular with the early results of our new Signature Fried Chicken initiative"
 

Forward guidance for Q3 included revenue of $3.05 billion; an EPS range of $8.95 to $9.10; $150 million capital expenditure and 8 new stores.