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Jul 29, 2022
Cracker Barrel Q4 2022 Earnings Report
Cracker Barrel's financial performance was reported for Q4 2022, showing revenue growth but a decrease in net income and earnings per share compared to the prior year.
Key Takeaways
Cracker Barrel reported a 5.9% increase in total revenue to $830.4 million for the fourth quarter of fiscal 2022. However, GAAP net income decreased by 8.2% to $33.4 million, and GAAP earnings per diluted share decreased by 3.9% to $1.47. The company's performance was affected by factors such as lower travel volumes, fewer visits from older guests, and inflationary pressures.
Total revenue increased by 5.9% to $830.4 million.
Comparable store restaurant sales increased by 6.1%, with a 7.0% increase in menu pricing.
Comparable store retail sales increased by 3.0%.
GAAP earnings per diluted share were $1.47, a 3.9% decrease compared to the prior year.
Forward Guidance
The Company provided the following outlook for fiscal 2023, while reminding readers that the uncertainties created by current macroeconomic conditions may cause actual results to differ materially from those expected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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