Cracker Barrel Old Country Store
The 10-second takeaway
For the quarter ended April 27 (Q3), Cracker Barrel Old Country Store met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins shrank, operating margins increased, net margins expanded.
Cracker Barrel Old Country Store reported revenue of $608.5 million. The five analysts polled by S&P Capital IQ looked for a top line of $609.4 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $582.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.86. The five earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $0.81 for Q3 were 27% higher than the prior-year quarter's $0.64 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 68.8%, 30 basis points worse than the prior-year quarter. Operating margin was 6.4%, 140 basis points better than the prior-year quarter. Net margin was 3.1%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $683.2 million. On the bottom line, the average EPS estimate is $1.30.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $4.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 157 members out of 182 rating the stock outperform, and 25 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Cracker Barrel Old Country Store a green thumbs-up, and three 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 $55.00.
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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.