Last $151.03 USD
Change Today +0.01 / 0.01%
Volume 523.8K
CBRL On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cracker barrel old country (CBRL) Key Developments

Cracker Barrel Old Country Store, Inc. Declares Quarterly Dividend, Payable on May 5, 2015

Cracker Barrel Old Country Store, Inc. announced that its Board of Directors has declared a regular quarterly dividend to common shareholders of $1.00 per share, payable on May 5, 2015, to shareholders of record on April 17, 2015.

Cracker Barrel Old Country Store, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended January 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015; to Open Total of 6 New Stores by the End of Fiscal 2015

Cracker Barrel Old Country Store, Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended January 30, 2015. For the quarter, the company reported total revenue of $755,966,000 against $698,491,000 a year ago. Operating income was $71,221,000 against $58,706,000 a year ago. Pretax income was $66,537,000 against $54,235,000 a year ago. Net income was $47,163,000 or $1.96 per diluted share against $37,055,000 or $1.55 per diluted share a year ago. Adjusted net income was $46,329,000 or $1.93 per diluted share against $37,311,000 or $1.56 per diluted share a year ago. For the six months, the company reported total revenue of $1,439,394,000 against $1,347,632,000 a year ago. Operating income was $126,663,000 against $102,943,000 a year ago. Pretax income was $117,555,000 against $94,065,000 a year ago. Net income was $81,187,000 or $3.38 per diluted share against $64,215,000 or $2.68 per diluted share a year ago. Net cash provided by operating activities was $153,066,000 against $62,905,000 a year ago. Purchase of property and equipment, net of insurance recoveries was $37,647,000 against $38,468,000 a year ago. Adjusted net income was $80,353,000 or $3.35 per diluted share against $66,400,000 or $2.77 per diluted share a year ago. For the quarter, the company's comparable store traffic increased 4.7%, comparable store restaurant sales increased 7.9% and comparable store retail sales increased 3.2% compared to previous quarter. For the month of January 2015, the company reported comparable restaurant traffic was 8.3%, comparable store restaurant sales increased 11.4% and comparable store retail sales increased 15.0% compared to a year ago. For the third quarter of 2015, the company expects to report earnings per diluted share of between $1.30 and $1.40. For the year 2015, the company adjusted its previous full year earnings guidance, and now expects to report adjusted earnings per diluted share of between $6.40 and $6.50. Total revenue expected between $2.80 billion and $2.85 billion. The revenue projection for fiscal 2015 reflects the expected opening of 6 new Cracker Barrel stores for the year, projected increases in comparable store restaurant sales of between 3.5% to 4.5%, and comparable store retail sales of between 2.5% to 3.5%. The company expects its adjusted operating margin for the year to be approximately 8.5% of revenues, depreciation expense of between $71 million and $73 million and net interest expense of approximately $17 million. With the WOTC reinstatement, the company expects its effective tax rate for the year to be between 31% and 32%, and the company expects its capital expenditures for the year to be approximately $100 million. The company expects to open a total of 6 new stores by the end of fiscal 2015.

Cracker Barrel Old Country Store, Inc., Q2 2015 Earnings Call, Feb 24, 2015

Cracker Barrel Old Country Store, Inc., Q2 2015 Earnings Call, Feb 24, 2015

Cracker Barrel Old Country Store, Inc. Announces Executive Changes, Effective on or About November 2, 2015

On January 21, 2015, Edward A. Greene, the Senior Vice President, Strategic Initiatives of Cracker Barrel Old Country Store, Inc. notified the company that he desires to retire from his position with the company effective on or about November 2, 2015, as mutually agreed upon by Mr. Greene and the company. In addition, the company announced on January 21, 2015 that it is conducting a search for a new Senior Vice President, Marketing. Effective upon the hire of a new Senior Vice President, Marketing, the Company’s current Senior Vice President, Marketing, Christopher A. Ciavarra, will remain with the company in a new leadership role.

Cracker Barrel Old Country Store, Inc. Enters into Five-Year $750 Million Revolving Line of Credit

Cracker Barrel Old Country Store, Inc. announced that it has entered into a five-year $750 million revolving line of credit. This new credit facility replaces a $500 million revolving line of credit, and a term loan of $181 million. Wells Fargo Securities, LLC; Merrill Lynch, Pierce Fenner & Smith Incorporated; and Rabobank are the Joint Lead Arrangers and Joint Bookrunners; and Wells Fargo Bank, National Association is the Administrative Agent. Bank of America, N.A., and Rabobank are Co-Syndication Agents; and SunTrust Bank, Regions Bank, US Bank National Association, and the Bank of Tokyo-Mitsubishi UFJ Ltd. are Co-Documentation Agents. Branch Banking and Trust Company, Fifth Third Bank, PNC Bank, National Association, First Tennessee Bank, National Association, Synovus Bank, Pinnacle Bank, Greenstone Farm Credit Services, ACA/FLCA, and Avenue Bank also participated in the facility. At the time of closing, there were $400 million of borrowings under the new revolving line of credit, in addition to letters of credit issued in the normal course of the company's business. Compared to the facility that it replaces, the new facility reduces the company's credit spreads by 0.25%, which the company estimates will result in a reduction of annual interest expense of approximately $1 million per year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CBRL:US $151.03 USD +0.01

CBRL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bloomin' Brands Inc $25.76 USD +0.40
Buffalo Wild Wings Inc $191.12 USD -0.62
Panera Bread Co $161.43 USD -0.11
Texas Roadhouse Inc $37.64 USD -0.03
Wendy's Co/The $11.09 USD -0.22
View Industry Companies
 

Industry Analysis

CBRL

Industry Average

Valuation CBRL Industry Range
Price/Earnings 24.3x
Price/Sales 1.3x
Price/Book 6.4x
Price/Cash Flow 24.2x
TEV/Sales 1.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CRACKER BARREL OLD COUNTRY, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.