Cracker Barrel Old Country Store
The 10-second takeaway
For the quarter ended Jan. 27 (Q2), Cracker Barrel Old Country Store met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank.
Margins dropped across the board.
Cracker Barrel Old Country Store notched revenue of $598.4 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $599.4 million on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $640.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.09. The five earnings estimates compiled by S&P Capital IQ forecast $1.04 per share on the same basis. GAAP EPS of $1.10 for Q1 were 8.3% lower than the prior-year quarter's $1.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.0%, 70 basis points worse than the prior-year quarter. Operating margin was 7.0%, 120 basis points worse than the prior-year quarter. Net margin was 3.8%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $659.2 million. On the bottom line, the average EPS estimate is $1.13.
Next year's average estimate for revenue is $2.54 billion. The average EPS estimate is $4.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 156 members out of 184 rating the stock outperform, and 28 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Cracker Barrel Old Country Store a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cracker Barrel Old Country Store is hold, with an average price target of $52.25.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.