Cracker Barrel Old Country Store
The 10-second takeaway
For the quarter ended Nov. 2 (Q1), Cracker Barrel Old Country Store met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Margins contracted across the board.
Revenue details
Cracker Barrel Old Country Store chalked up revenue of $627.5 million. The seven analysts polled by S&P Capital IQ expected a top line of $629.5 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $598.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.08. The six earnings estimates compiled by S&P Capital IQ predicted $1.06 per share. GAAP EPS of $0.97 for Q1 were 5.8% lower than the prior-year quarter's $1.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 68.5%, 40 basis points worse than the prior-year quarter. Operating margin was 7.2%, 30 basis points worse than the prior-year quarter. Net margin was 3.7%, 30 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $696.7 million. On the bottom line, the average EPS estimate is $1.26.
Next year's average estimate for revenue is $2.63 billion. The average EPS estimate is $4.67.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 168 members out of 194 rating the stock outperform, and 26 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 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 $73.50.
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