Welcome to our dedicated page for Cracker Barrel Old Country Store, Inc,. news (Ticker: CBRL), a resource for investors and traders seeking the latest updates and insights on Cracker Barrel Old Country Store, Inc,. stock.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL), founded in 1969 in Lebanon, Tennessee, is a unique blend of restaurant and retail. Offering a home-away-from-home experience, Cracker Barrel welcomes guests with genuine hospitality and serves up hearty, home-style country meals. The menu features traditional favorites like meatloaf, homemade chicken n’ dumplings, and signature biscuits made from an old family recipe.
Beyond its restaurant offerings, Cracker Barrel also operates an authentic Old Country Store, providing a nostalgic shopping experience with unique gifts and self-indulgent items. The combination of dining and retail contributes significantly to the company's revenue, with apparel and accessories being the top earners in the retail segment.
Cracker Barrel has established a strong presence, operating over 660 company-owned locations across 45 states, each designed to reflect America’s country heritage. The stores are open daily, serving breakfast, lunch, and dinner, ensuring that guests can enjoy their favorite meals any time of the day.
The company has been making notable strides in enhancing its guest experience and operational performance. Recent initiatives include the launch of the Cracker Barrel Rewards loyalty program, which has seen enthusiastic customer participation. In addition, Cracker Barrel continues to innovate its menu, recently introducing the Golden Carolina BBQ Tenders, available exclusively through DoorDash before their nationwide release.
Financially, Cracker Barrel reported a total revenue of $823.8 million in the first quarter of fiscal 2024, with a slight decrease compared to the prior year. Despite challenges such as higher labor costs and operating expenses, the company remains committed to improving its performance and delivering value to its shareholders. It has also announced a quarterly dividend of $1.30 per share, payable on February 13, 2024.
Looking ahead, Cracker Barrel is focused on its strategic transformation plan to drive relevancy and profitability. This includes investing in organic growth, enhancing the guest experience, and addressing macroeconomic challenges like inflation and consumer confidence. The company remains optimistic about its future, leveraging its iconic brand and strong foundation to navigate the evolving market landscape.
For more detailed financial information and latest updates, visit crackerbarrel.com.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a third quarter earnings conference call on June 7, 2022 at 11:00 a.m. ET. This call will discuss financial results for the fiscal third quarter ended April 29, 2022. The live webcast will be accessible via the company's website, with a replay available until June 21, 2022.
Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.
Cracker Barrel Old Country Store launches a new Homestyle Chicken Sandwich under its virtual brand Chicken n' Biscuits, available at 400 locations nationwide through delivery services like DoorDash, Uber Eats, and Grubhub. This new sandwich features hand-breaded fried chicken, pickles, and a brioche bun, accompanied by steak fries. The brand aims to compete in the growing chicken sandwich market, offering various comfort food options for customers. Chicken n' Biscuits has recently expanded its presence and rebranded since its introduction in May 2021.
Cracker Barrel Old Country Store has announced the return of its popular Easter Heat n' Serve meals, perfect for hassle-free family gatherings this spring. Notable offerings include the Easter Prime Rib Heat n' Serve Family Dinner starting at $124.99, serving 4-6 people, and the Easter Ham Heat n' Serve Feast for 8-10 guests, starting at $149.99. Customers can pre-order these meals online for pickup from April 14-17. The menu aims to cater to budget-conscious families while delivering quality, homestyle options.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) has announced a quarterly dividend of $1.30 per share. This dividend is payable on May 3, 2022, to shareholders recorded on April 18, 2022. Established in 1969, Cracker Barrel operates over 660 locations across 45 states, alongside the Maple Street Biscuit Company. This regular dividend highlights the company's commitment to returning value to shareholders and reflects its ongoing operational stability.
Cracker Barrel Old Country Store is expanding its breakfast brand, The Pancake Kitchen, to nearly 200 locations in 2022, with the aim of enhancing convenience for customers. The menu will feature a range of pancakes, available for delivery through DoorDash and Uber Eats. To celebrate this expansion, starting Feb. 26, customers spending $20 on pancakes will receive a complimentary order of Biscuit Beignets. The expansion aligns with a growing trend in online ordering and delivery services.
Cracker Barrel Old Country Store reported a strong second quarter for fiscal 2022, with total revenue of $862.3 million, up 27.3% year-over-year. Comparable store restaurant sales increased 1.9%, while retail sales rose 13.7%. GAAP net income was $37.6 million with an EPS of $1.60, a 171% increase from last year. The company anticipates challenges from inflation and reduced demand, expecting approximately $800 million in revenue for the third quarter. However, strong sales momentum and future margin recovery are expected in Q4.
On February 15, 2022, Cracker Barrel Old Country Store announced the expansion of its beverage offerings, adding new wines and limited-time craft drinks. Guests can now enjoy Roscato Moscato and Roscato Sweet Red Wine, alongside Jack Daniel's Country Cocktails Lynchburg Lemonade and non-alcoholic options like Fruit Stand Tea and Fudge Hot Chocolate. These offerings enhance the dining experience at over 500 locations nationwide, further diversifying Cracker Barrel's menu while maintaining affordable pricing of under $6.79 for most items.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) is set to host an online webcast of its second quarter earnings conference call on February 22, 2022, at 11:00 a.m. Eastern Time. The call will cover financial results for the fiscal second quarter ending January 28, 2022. A replay will be accessible starting at 2:00 p.m. Eastern Time on the same day until March 8, 2022. Cracker Barrel operates over 660 locations and owns the Maple Street Biscuit Company.
Cracker Barrel Old Country Store is hosting an "Employee Appreciation's On Us Giveaway" from January 31 to February 18 to reward employees in the U.S. for their hard work amid pandemic challenges. Participants can enter to win catering, gift cards, and branded games by sharing stories about deserving co-workers. Ten grand prize winners will receive catering for 50 people and a $250 gift card, while five honorable mentions will get party packs. This initiative aims to recognize employee contributions leading up to National Employee Appreciation Day on March 4.
FAQ
What is the current stock price of Cracker Barrel Old Country Store, Inc,. (CBRL)?
What is the market cap of Cracker Barrel Old Country Store, Inc,. (CBRL)?
What is Cracker Barrel Old Country Store, Inc. known for?
Where is Cracker Barrel headquartered?
How many locations does Cracker Barrel operate?
What recent initiatives has Cracker Barrel launched?
What is the composition of Cracker Barrel's revenue?
What are the operating hours of Cracker Barrel locations?
What are Cracker Barrel's current financial highlights?
What is Cracker Barrel’s strategy for future growth?
How can I get more information about Cracker Barrel's financial performance?
What partnerships does Cracker Barrel have?
