Cracker Barrel Old Country Store, Inc,. - CBRL STOCK NEWS

Cracker Barrel Old Country Store has launched its Spring Into the Season campaign, introducing a new Prime Rib Heat n' Serve meal and various gifting options for Easter. The Prime Rib meal serves 4-6 and is complemented by sides like mashed potatoes and rolls, aimed at enhancing family gatherings at home. Traditional Easter meals are also available, including spiral-sliced sugar-cured ham. Customers can order these meals for pick-up between April 2-4, while a new website and app streamline the ordering process. Unique gift baskets are offered for various occasions to celebrate life's milestones.

Cracker Barrel Old Country Store reported its Q2 fiscal 2021 results, revealing a total revenue of $677.2 million, down 20% year-over-year. Comparable store restaurant sales plummeted 21.9%, impacted by COVID-19-related dining room closures and capacity restrictions. However, off-premise sales surged by 78%, accounting for approximately 30% of restaurant sales. GAAP earnings per diluted share were $0.59, significantly down from $2.55 in the prior year. The company expects improved sales and margin trends in the latter half of the fiscal year.

Cracker Barrel Old Country Store will host an online webcast for its second quarter earnings call on February 23, 2021, starting at 11:00 a.m. ET. This call will cover financial results for the fiscal second quarter ending January 29, 2021. The webcast will be accessible via the company's investment website. A replay of the call will be available from 2:00 p.m. ET the same day until March 9, 2021. Cracker Barrel currently operates over 660 locations and has established the Maple Street Biscuit Company.

Cracker Barrel Old Country Store, Inc. announced the retirement of its Chief Financial Officer, Jill Golder, effective December 31, 2020. Golder will assist in transitioning her responsibilities in the coming months. Sandra Cochran, President and CEO, praised Golder's contributions, particularly during the pandemic. Doug Couvillion, Senior VP of Sourcing & Supply Chain, will step in as Interim CFO. Cracker Barrel operates over 660 locations across 45 states, combining dining and shopping experiences.

Cracker Barrel reported Q1 fiscal 2021 results, revealing a total revenue of $646.5 million, down 13.7% year-over-year. While comparable store restaurant sales decreased by 16.4%, this was an improvement from 39.2% in Q4. Off-premise sales surged 122% year-over-year. The company recorded net income of $170.7 million and GAAP EPS of $7.18. The CEO expressed optimism about recovery but cautioned about ongoing COVID-19 challenges, as Q2 preliminary sales fell 20% compared to the previous year.

Cracker Barrel Old Country Store will present "Cracker Barrel Sounds of the Season," a festive feature starring Carrie Underwood, Maddie & Tae, and Runaway June. This family-friendly holiday event will debut on social media platforms on December 16 at 8 p.m. ET and will be accessible throughout the holiday season. Viewers can enjoy performances, lively conversations, and holiday-themed content. The initiative aims to enhance family connections during a challenging year.

Cracker Barrel Old Country Store (Nasdaq: CBRL) will host a live online webcast of its fiscal first quarter earnings conference call on December 3, 2020, at 11:00 a.m. Eastern Time. This call will cover financial results for the quarter ending on October 30, 2020. The webcast can be accessed through the Company's investor relations website, with a replay available from 2:00 p.m. Eastern Time on the same day until December 17, 2020. Cracker Barrel operates over 660 locations and owns the Maple Street Biscuit Company.

Cracker Barrel Old Country Store (Nasdaq: CBRL) announced preliminary results from its Annual Meeting of Shareholders, revealing that all ten directors were re-elected with overwhelming support. Independent Chairman William McCarten expressed gratitude for shareholder backing and noted ongoing adaptation to operational challenges. However, a significant advisory vote against executive compensation has been highlighted, prompting a commitment to engage with shareholders regarding their concerns. Official election results will be certified by First Coast Results, Inc. and filed with the SEC.

Biglari Capital, a major shareholder with 8.7% ownership in Cracker Barrel (NASDAQ:CBRL), has called for significant changes in the company's Board of Directors. In a recent statement, they highlighted that Director Norman Johnson faced the highest number of withhold votes in a decade, while the company's executive compensation program failed for the first time in history. Biglari Capital advocates for the addition of a director with substantial restaurant experience before the next annual meeting and urges a focus on the core business rather than acquisitions to maximize shareholder value.