Loading...
•
Jul 28, 2023
Cracker Barrel Q4 2023 Earnings Report
Cracker Barrel's Q4 performance fell short of expectations despite progress on key initiatives and strong cash flow.
Key Takeaways
Cracker Barrel reported a slight increase in total revenue for Q4 2023, driven by comparable store restaurant sales growth, but comparable store retail sales decreased. The company's GAAP earnings per diluted share increased compared to the prior year. Management is taking actions to improve traffic performance and launching a loyalty program.
Total revenue increased by 0.8% compared to Q4 2022.
Comparable store restaurant sales increased by 2.4%, driven by menu price increases.
Comparable store retail sales decreased by 6.8% from the prior year quarter.
GAAP earnings per diluted share were $1.68, a 14.3% increase compared to the prior year quarter.
Forward Guidance
The Company provided the outlook for its first quarter, but reminds investors that its outlook reflects a number of assumptions, many of which are outside the Company’s control.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...