Cracker Barrel fiscal 1Q profit rises 32 percent

Restaurant operator Cracker Barrel Old Country Store Inc. said Tuesday its fiscal first-quarter profit rose 32 percent on higher revenue.
Net income rose to $23.7 million, or $1.01 per share, in the three months ended Oct. 29, from $18 million, or 78 cents per share, a year ago. Revenue rose 3 percent to $598.7 million from $581.2 million.

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Cracker Barrel Promotes Chief Financial Officer Sandra B. Cochran to President & Chief Operating Officer

LEBANON, Tenn.--(BUSINESS WIRE)--Cracker Barrel Old Country Store, Inc. (“Cracker Barrel” or the “Company”) (Nasdaq: CBRL) and its Board of Directors today announced the realignment of the Company’s leadership to build on Cracker Barrel’s recent successes and to position the Company for sustained profitable growth. Michael A. Woodhouse continues as Chairman and Chief Executive Officer. Sandra B. Cochran, who had served as Executive Vice President and Chief Financial Officer, has been named President and Chief Operating Officer. She assumes responsibility for Restaurant and Retail Operations, Retail Merchandising, Real Estate, and the functions that will be led by the newly created role of Chief People Officer. Douglas E. Barber, who had served as Executive Vice President and Chief Operating Officer, has been named Executive Vice President and Chief People Officer, reporting to Cochran. He will lead Human Resources, Diversity and Outreach, Training, and Innovation. Nicholas V. Flanagan has been promoted to Senior Vice President of Restaurant Operations and will also report to Cochran. The Company has started a search for a new Chief Financial Officer; Senior Vice President and Chief Legal Officer N.B. Forrest Shoaf will serve as interim Chief Financial Officer.

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Cracker Barrel Reports 15% Increase in Fourth Quarter EPS

Fourth Quarter Fiscal 2010


-- Fully diluted income per share from continuing operations of $1.14 ,an increase of 15.2%

-- Operating income margin was 7.4% of total revenue compared with 7.0% in the prior-year quarter

-- Comparable store restaurant and retail sales increased 2.0% and 2.6%, respectively

-- Comparable store restaurant traffic outpaced the Knapp-Track(TM) Traffic Index for the sixteenth consecutive quarter

-- Revenue increased 2.8% to $612.5 million

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Cracker Barrel Reports 35% Increase in Second-Quarter EPS

LEBANON, Tenn., Feb 23, 2010 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel," or the "Company") (Nasdaq: CBRL):

•Fully diluted income per share was $1.09 for the second quarter of fiscal 2010, an increase of 35%
compared with the prior-year quarter
•Operating income margin in the second quarter was 7.8% of total revenue compared with 6.2% in the prior-year quarter
•Revenue for the second quarter increased 0.4% to $632.6 million
•Comparable store restaurant traffic outpaced the Knapp-Track(TM) Traffic Index for the fourteenth consecutive quarter
•Comparable store restaurant and retail sales decreased 0.2% and 3.0%, respectively
•Net cash flow from operating activities for the first six months of fiscal 2010 increased $36.4 million to $86.3 million compared with the prior-year comparable period
•Reduced long-term debt by $41.4 million in the second quarter
•Repurchased 205,000 shares in the second quarter

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Cracker Barrel Reports 37% Increase in First-Quarter EPS

LEBANON, Tenn., Nov 24, 2009 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL):


•Fully diluted net income per share of $0.78 for the first quarter of fiscal 2010, an increase of 37% compared with the prior-year quarter
•Revenue for the first quarter increased 1.3% to $581.2 million
•Comparable store restaurant sales increased 0.6%
•Comparable store retail sales decreased 4.8%
•Operating income margin in the first quarter was 6.5% compared with 5.7% in the prior-year quarter

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel," or the "Company") (Nasdaq: CBRL) today reported net income per diluted share of $0.78 for the first quarter of fiscal 2010, compared with $0.57 per diluted share in the first quarter of fiscal 2009, an increase of 36.8%. Net income for the first quarter of fiscal 2010 was $18.0 million compared with $12.8 million in the first quarter of fiscal 2009, which reflects a 16.7% increase in operating income and lower interest expense.

Read more:http://investor.crackerbarrel.com/releasedetail.cfm?ReleaseID=426219

Cracker Barrel Reports 9% Increase in Fourth Quarter EPS

LEBANON, Tenn., Sep 15, 2009 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL):
- Fourth-quarter diluted EPS from continuing operations of $0.99, an increase of 8.8% compared with the prior-year quarter
- Revenue for the fourth quarter declined 1.0% to $595.6 million compared with the prior-year quarter
- Operating income margin in the fourth quarter was 7.0% of total revenue compared with 6.9% in the prior-year quarter
- Net cash flow from operating activities increased $39.7 million to $164.2 million in fiscal 2009
- Closed sale/leaseback transactions and paid down $133.0 million of long-term debt in the fourth quarter

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Cracker Barrel Old Country Store, Inc. Announces Completion of Sale-Leaseback Transactions

LEBANON, Tenn.--(BUSINESS WIRE)--Cracker Barrel Old Country Store, Inc. (“Cracker Barrel,” or the “Company”) (Nasdaq: CBRL) today announced the closing of the sale-leaseback of its retail distribution center and fourteen of its store locations, with a fifteenth expected to close on or before July 31st. The transactions are expected to produce aggregate gross proceeds of approximately $57.6 million, consisting of $12.4 million relating to the distribution center and slightly more than three million dollars for each of the 15 store locations. The sale-leaseback transactions were the result of a competitive bidding process.

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Cracker Barrel Old Country Store, Inc. Reports EPS of $0.52 for Fiscal 2009 Third-Quarter

LEBANON, Tenn., May 27, 2009 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL):
Fully diluted income per share from continuing operations was $0.52 for the third quarter of fiscal 2009 compared with $0.46 in the prior-year quarter
Revenue for the third quarter increased 0.1% to $567.6 million compared with the prior-year quarter
Comparable store restaurant sales for the quarter decreased 0.9% from the prior-year quarter while comparable store retail sales decreased 7.4%
Operating income margin from continuing operations in the quarter was 5.1% of total revenue compared with 4.9% in the prior-year quarter
Letter of Intent on sale-leaseback of 15 stores and contract on sale-leaseback of retail distribution center
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel," or the "Company") (Nasdaq: CBRL) today reported income from continuing operations of $0.52 per diluted share for the third quarter of fiscal 2009, compared with $0.46 per diluted share from continuing operations in the third quarter of fiscal 2008. Income from continuing operations was $11.9 million compared with $10.5 million in the third quarter of fiscal 2008, which reflects this year's higher operating income and lower interest expense partially offset by a higher tax rate.

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