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

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.

Cracker Barrel Old Country Store, based in Lebanon, Tenn., will participate in the 2022 ICR Conference, scheduled for January 10-12, 2022. The company's key executives, including CEO Sandy Cochran and CFO Craig Pommells, will present virtually on January 11 at 8:00 AM ET. A live stream of the presentation will be available on their investor website, with a replay accessible for 90 days. Cracker Barrel operates over 660 locations in 45 states and focuses on providing a home-like dining experience and unique shopping options.

Biglari Capital Corp., a shareholder owning 8.7% of Cracker Barrel Old Country Store (CBRL), released a letter highlighting a 32% decline in operating income compared to pre-pandemic levels. The letter criticized management's lack of a credible strategy and questioned the rationale behind spending $120 million on new locations while existing stores underperform. It emphasized the need for management to focus on improving current operations instead of expansion. The letter also called for increased dividends and transparency between management and shareholders.

Cracker Barrel Old Country Store announced its holiday special, "Sounds of the Season: Together Again," featuring Pentatonix and Mickey Guyton. The 30-minute program showcases a mix of classic and new holiday songs, available for streaming on Cracker Barrel's YouTube and Facebook channels starting Dec. 15. The initiative aims to celebrate diverse holiday traditions and bring families together through music during this festive season. The collaboration coincides with Pentatonix's new holiday album, Evergreen, available at Cracker Barrel locations nationwide.

Cracker Barrel Old Country Store (CBRL) reported its Q1 fiscal 2022 results, ending October 29, 2021. Total revenue reached $784.9 million, a 21.4% increase year-over-year. Comparable restaurant sales rose 1.4%, while retail sales surged 17.6%. GAAP net income fell to $33.4 million, down 80.4% from the previous year, yielding GAAP EPS of $1.41. The Board declared a quarterly dividend of $1.30 per share, payable February 1, 2022. The company anticipates better Q2 comparable sales growth, but faces inflationary pressures affecting margins.

On November 15, 2021, Cracker Barrel Old Country Store launched the Cracker Barrel Food for Families initiative to combat food insecurity in America. In partnership with Feeding America, the program aims to provide 1 million meals over the next year, focusing on underserved communities, especially in Middle Tennessee. The initiative includes a social media campaign for additional meal donations. Cracker Barrel emphasizes the critical need for hunger relief, especially heightened by the pandemic, reinforcing its commitment to supporting families and communities in need.

Cracker Barrel Old Country Store, Inc. (CBRL) will host a live webcast of its first quarter earnings conference call on November 23, 2021, starting at 11:00 a.m. ET. This call will cover financial results for the fiscal first quarter ended October 29, 2021. The event will be accessible to the public through the investor relations section on the company's website. A replay will be available from 2:00 p.m. ET on the same day until December 7, 2021. Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.

Cracker Barrel Old Country Store announces the appointment of Craig Pommells as the new Senior Vice President and Chief Financial Officer, starting December 6, 2021. Pommells brings over 20 years of restaurant industry experience, most recently serving as CFO at Red Lobster and previously at Darden Restaurants. President and CEO Sandra B. Cochran expressed excitement over his extensive expertise in financial leadership and strategic planning.