Cracker Barrel Old Country Store
The 10-second takeaway
For the quarter ended May 3 (Q3), Cracker Barrel Old Country Store beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins increased, net margins grew.
Cracker Barrel Old Country Store booked revenue of $640.4 million. The seven analysts polled by S&P Capital IQ predicted revenue of $630.6 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $608.5 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 $1.02. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.94 per share. GAAP EPS of $1.02 for Q3 were 26% higher than the prior-year quarter's $0.81 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 68.5%, 30 basis points worse than the prior-year quarter. Operating margin was 6.9%, 20 basis points better than the prior-year quarter. Net margin was 3.8%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $664.6 million. On the bottom line, the average EPS estimate is $1.34.
Next year's average estimate for revenue is $2.64 billion. The average EPS estimate is $4.88.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 187 members out of 217 rating the stock outperform, and 30 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Cracker Barrel Old Country Store a green thumbs-up, and four 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 $79.25.
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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. The Motley Fool recommends Cracker Barrel Old Country Store. 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.