Last $102.28 USD
Change Today -0.91 / -0.88%
Volume 202.5K
As of 5:20 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

cracker barrel old country (CBRL) Key Developments

Reed's, Inc. Begin Reed's, Inc.'s Flying Cauldron Butterscotch Beer

Reed's, Inc. announced that Cracker Barrel Old Country Store, Inc. has begun carrying Reed's Flying Cauldron Butterscotch Beer in all 630 of its corporate-owned retail locations.

Cracker Barrel Old Country Store, Inc. Plans to Open 6 or 7 Cracker Barrel Stores in Fiscal 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 1, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Cracker Barrel Old Country Store, Inc. is planning to open six or seven new Cracker Barrel stores in fiscal 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended August 1, 2014. For the quarter, the company’s total revenue was $692.7 million compared with $674.1 million a year ago. Operating income was $60.3 million compared with $54.8 million a year ago. Pretax income was $55.9 million compared with $50.3 million a year ago. Net income was $39.2 million or $1.63 per diluted share compared with $34.3 million or $1.43 per diluted share a year ago. Adjusted operating income was $60.3 million compared with $54.8 million a year ago. Adjusted pretax income was $55.9 million compared with $50.3 million a year ago. Adjusted net income was $39.2 million or $1.63 per diluted share compared with $34.3 million or $1.43 per diluted share a year ago. Comparable store restaurant sales in the quarter increased 1.2% as average check increased 3.1% and traffic declined 1.9%. For the year, the company’s total revenue was $2,683.7 million compared with $2,644.6 million a year ago. Operating income was $208.4 million compared with $201.5 million a year ago. Pretax income was $190.8 million compared with $165.8 million a year ago. Net income was $132.1 million or $5.51 per diluted share compared with $117.3 million or $4.90 per diluted share a year ago. Net cash provided by operating activities was $177.6 million compared with $208.5 million a year ago. Purchase of property and equipment, net of insurance recoveries was $90.6 million compared with $73.96 million a year ago. Adjusted operating income was $212.7 million compared with $207.2 million a year ago. Adjusted pretax income was $195.2 million compared with $171.4 million a year ago. Adjusted net income was $135.1 million or $5.63 per diluted share compared with $119.1 million or $4.97 per diluted share a year ago. For fiscal 2015, the company expects total revenue of between $2.75 billion and $2.80 billion, and earnings per diluted share of between $5.80 and $5.95. The increased revenue projection for fiscal 2015 reflects the expected opening of six or seven new Cracker Barrel stores, and projected increases in comparable store restaurant and retail sales in a range of 2.0% to 3.0%. The company projects an operating income margin of approximately 8.0% of total revenue for fiscal 2015. The company expects depreciation expense between $71 million and $73 million; net interest expense between $17 million and $18 million; and capital expenditures between $100 million and $110 million. The company expects an effective tax rate for fiscal 2015 between 32% and 33%. The company anticipates that capital expenditures will be in the range of $100 million to $110 million, including new store investments of between $30 million to $35 million and maintenance CapEx in the range of $45 million to $50 million. The company expects to report earnings per diluted share for the first quarter of 2015 of between $1.20 and $1.30. The company reminds investors that its outlook for fiscal 2015 reflects a number of assumptions, many of which are outside the company's control.

Cracker Barrel Old Country Store, Inc. to Report Q4, 2014 Results on Sep 17, 2014

Cracker Barrel Old Country Store, Inc. announced that they will report Q4, 2014 results at 12:00 PM, GMT Standard Time on Sep 17, 2014

Cracker Barrel Old Country Store, Inc., Q4 2014 Earnings Call, Sep 17, 2014

Cracker Barrel Old Country Store, Inc., Q4 2014 Earnings Call, Sep 17, 2014

Cracker Barrel Old Country Store, Inc. Presents at Wells Fargo 2014 Retail and Restaurants Round-Up, Sep-30-2014

Cracker Barrel Old Country Store, Inc. Presents at Wells Fargo 2014 Retail and Restaurants Round-Up, Sep-30-2014 . Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States.

 

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