CRACKER BARREL REPORTS SECOND QUARTER FISCAL 2020 RESULTS AND UPDATES GUIDANCE

02/25/2020

Comparable store restaurant sales growth and traffic outperform the casual dining industry

Cracker Barrel Old Country Store, Inc. (“Cracker Barrel” or the “Company”) (Nasdaq: CBRL) today reported its financial results for the second quarter ended January 31, 2020.

Second Quarter Fiscal 2020 Highlights

• Comparable store restaurant sales growth of 3.8% and traffic of -0.2% outperformed the casual dining industry. Comparable store retail sales increased 1.3%.
• Operating income was $79.1 million, a 3.2% increase compared to the prior year. 
• GAAP earnings per diluted share were $2.55, which includes an unfavorable impact to earnings per diluted share for the quarter of ($0.15) from the Company’s equity method investment in its unconsolidated subsidiary Punch Bowl Social, compared to prior year second quarter earnings per diluted share of $2.52.  

 

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