Cracker Barrel Q4 2024 Earnings Report
Key Takeaways
Cracker Barrel reported a 6.9% increase in total revenue for the fourth quarter of fiscal 2024, reaching $894.4 million. This includes a $62.8 million benefit from the 53rd week. GAAP net income was $18.1 million, or $0.81 per diluted share, while adjusted earnings per diluted share were $0.98.
Total revenue increased by 6.9% to $894.4 million, including a $62.8 million benefit from the 53rd week.
Comparable store restaurant sales increased by 0.4%, with menu pricing increases of 4.2%.
Comparable store retail sales decreased by 4.2%.
GAAP earnings per diluted share were $0.81, and adjusted earnings per diluted share were $0.98.
Cracker Barrel
Cracker Barrel
Forward Guidance
The Company provided the following outlook for fiscal 2025: The Company reminds investors that its outlook reflects a number of assumptions, many of which are outside the Company’s control. In particular, uncertainties created by macroeconomic conditions, such as ongoing inflation, low consumer confidence and high interest rates may adversely affect consumer behavior and cause actual results to differ materially from those expected.