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Oct 30, 2020
Cracker Barrel Q1 2021 Earnings Report
Cracker Barrel's financial performance showed improvement in comparable store restaurant and retail sales compared to the previous quarter.
Key Takeaways
Cracker Barrel reported a total revenue of $646.5 million for the first quarter of fiscal 2021, a decrease of 13.7% compared to the prior year. The company's sales recovery continued, with both restaurant and retail sales showing strong improvements compared to the fourth quarter of fiscal 2020. GAAP earnings per diluted share were $7.18, while adjusted earnings per diluted share were $0.69.
Comparable store restaurant and retail sales showed strong improvement over the previous quarter.
Total revenue for the first quarter of fiscal 2021 was $646.5 million, representing a decrease of 13.7% compared to the first quarter of the prior year.
GAAP operating income in the first quarter was $237.1 million, or 36.7% of total revenue.
GAAP earnings per diluted share were $7.18 compared to prior year period GAAP earnings per diluted share of $1.79.
Forward Guidance
Due to the pandemic, the sales performance of the Company’s stores varies significantly and is heavily influenced by factors outside the Company’s control. The Company anticipates these circumstances will continue for the foreseeable future, and, in recognition of this uncertainty, is not providing annual earnings guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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