Cracker Barrel's Earnings Beat Last Year's by 34%
Cracker Barrel Old Country Store (NAS: CBRL) reported earnings on May 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 27 (Q3), Cracker Barrel Old Country Store met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins shrank, operating margins increased, net margins expanded.
Cracker Barrel Old Country Store reported revenue of $608.5 million. The five analysts polled by S&P Capital IQ looked for a top line of $609.4 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $582.5 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 $0.86. The five earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $0.81 for Q3 were 27% higher than the prior-year quarter's $0.64 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 68.8%, 30 basis points worse than the prior-year quarter. Operating margin was 6.4%, 140 basis points better than the prior-year quarter. Net margin was 3.1%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $683.2 million. On the bottom line, the average EPS estimate is $1.30.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $4.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 157 members out of 182 rating the stock outperform, and 25 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 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 $55.00.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
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