$CBRL (Cracker Barrel Old Country Store, Inc.)

$CBRL {{ '2016-09-14T16:27:23+0000' | timeago}} • Webcast

Bob Derrington of Telsey Group asks for more color on FY17 and 1Q17 guidance. $CBRL stated that it expects EPS of $1.75-1.85 for 1Q17 based on current assumptions. The company anticipates restaurant sales to be at the lower end of its guidance of 1-2% and retail sales to be negative in 1Q17. $CBRL expects commodity deflation of 2-3% in FY17.

$CBRL {{ '2017-09-29T12:30:24+0000' | timeago}} • Announcement

The BoD of $CBRL has declared a regular quarterly dividend to common shareholders of $1.20 per share, payable on Nov 6, 2017, to shareholders of record as on Oct 13, 2017.  The BoD also authorized new share repurchases for up to $25MM of its outstanding common stock.

$CBRL {{ '2017-09-14T15:46:05+0000' | timeago}} • Webcast

$CBRL said it had a number of stores impacted by Hurricane Harvey and Hurricane Irma. For Hurricane Harvey, the company had about 20 stores that were impacted and for Hurricane Irma it had about 100 stores that were impacted at some point in time. And the company still has maybe 25 or so that are still closed.

$CBRL {{ '2017-09-14T15:38:18+0000' | timeago}} • Webcast

$CBRL issued forecast that does not include the unquantified impact of Hurricane Harvey and Hurricane Irma. $CBRL is unable to fully estimate the potential negative impact from traffic and sales loss, as well as expenses. It is possible that these storms could impact EPS by about $0.15, a significant portion of which is expected to be in 1Q18.

$CBRL {{ '2017-09-14T15:29:06+0000' | timeago}} • Webcast

Regarding cost reduction initiatives, $CBRL set out at the beginning of the year to reduce annual operating cost by $15-20MM. $CBRL delivered 15% above the high end of its fiscal year target achieving its 3-year strategic goal as outlined back in 2014 of removing $50MM in annual cost from the business by the end of FY17.

$CBRL {{ '2017-09-13T12:27:23+0000' | timeago}} • Announcement

$CBRL expects FY18 EPS of $8.85-9.00. The company's FY18 is a 53-week year. The company estimates the impact of the 53rd week, which is included in its guidance, to contribute EPS of about $0.30. For 1Q18, the company expects to report earnings of between $1.85 and $1.95 per diluted share.

$CBRL {{ '2017-09-13T12:25:47+0000' | timeago}} • Announcement

$CBRL expects FY18 operating income margin to be relatively flat to the prior year as a percent of total revenue. $CBRL sees depreciation expense of $95-100MM, net interest expense of $16-17MM, and capital expenditures of about$150-160MM. $CBRL sees effective tax rate of 31-32% and EPS of $8.85-9.00 for FY18.

$CBRL {{ '2017-09-13T12:25:36+0000' | timeago}} • Announcement

$CBRL expects FY18 total revenue of about $3.1Bil. This reflects the expected opening of eight or nine new Cracker Barrel stores and three or four new Holler & Dash stores, as well as projected increases in comparable store restaurant sales of 2.5-3.5%, and comparable store retail sales of 0.0-1.0%.

$CBRL {{ '2017-09-13T12:25:21+0000' | timeago}} • Announcement

$CBRL's comparable store restaurant sales for 4Q17 slid 0.8%, including a 1.7% decline in store traffic partially offset by a 0.9% rise in average check. The average menu price increase was about 1.4%. Comparable store retail sales fell 4.4%. $CBRL opened two new stores during 4Q17 bringing combined store count to 649 at fiscal year-end.

$CBRL {{ '2017-09-13T12:25:07+0000' | timeago}} • Announcement

$CBRL reported a 6% growth in 4Q17 earnings as favorability in cost of goods sold and labor and related expenses partially offset an increase in store operating expenses. Net income rose to $53.9MM or $2.23 per share from $51.02MM or $2.12 per share last year. Revenue fell to $743.23MM from $745.58MM, due to lower retail revenue.

$CBRL {{ '2017-08-01T18:20:29+0000' | timeago}} • Announcement

$CBRL elected Meg Crofton to its BoD, effective immediately. A 35-year veteran of $DIS, Crofton served as president of Walt Disney Parks and Resorts, United States and France before retiring in 2015.

$CBRL {{ '2017-05-23T15:48:56+0000' | timeago}} • Webcast

$CBRL has increased its dividend eight times over the last six years, representing nearly 450% growth rate. The company said its overall dividend yield is among the highest in peer set and its payout ratio is also at top of the group.

$CBRL {{ '2017-05-23T15:35:22+0000' | timeago}} • Webcast

$CBRL is seeing positive guest response for the stores it opened in the new markets during last year. Lebanon, Tennessee-based company is planning to open its first store in California during FY18.

$CBRL {{ '2017-05-23T13:36:57+0000' | timeago}} • Announcement

$CBRL's BoD increased the quarterly dividend to $1.20 per share on its common stock. This represents a 4.3% rise compared to the previous quarterly dividend of $1.15. The quarterly dividend is payable on August 4, 2017 to shareholders of record on July 14, 2017.

$CBRL {{ '2017-05-23T13:34:46+0000' | timeago}} • Announcement

$CBRL raised its FY17 earnings per diluted share to $8.25-8.35. Total revenue is expected to be approx. $2.95Bil. Comparable store restaurant sales is expected to be between flat to 0.5%. The company expects its 4Q17 earnings per share to be between $2.10-2.20.

$CBRL {{ '2017-05-23T13:32:03+0000' | timeago}} • Announcement

For 3Q17, $CBRL's comparable store restaurant sales fell 0.4%. Comparable store restaurant traffic for the quarter fell 2.1%, but this decline was partially offset by a 1.7% rise in average check. The average menu price increase for the quarter was approx. 1.6%. Comparable store retail sales fell 4.7% YoY.

$CBRL {{ '2017-05-23T13:23:04+0000' | timeago}} • Announcement

Restaurant operator $CBRL reported 5% drop in its 3Q17 earnings to $44.9MM, or $1.95 per share, compared to $49.1MM, or $2.04 per share during 3Q16. Revenue was $700.4MM, flat compared to prior year quarter. Excluding items, $CBRL earned $1.82 per share, up 7.1% YoY.

$CBRL {{ '2017-02-27T14:56:28+0000' | timeago}} • Announcement

$CBRL BoD has declared a regular quarterly dividend of $1.15 per share to common shareholders. The dividend is payable on May 5, 2017, to shareholders of record as on April 14, 2017.

$CBRL {{ '2017-02-21T14:04:06+0000' | timeago}} • Announcement

$CBRL now projects 2017 operating margin of 10-10.5% compared to prior estimate of about 10%. The company still sees depreciation expense of $85-87MM, net interest expense of about $15MM, capital expenditures of about $125MM, and effective tax rate of about 32%. For 3Q17, $CBRL sees EPS of $1.75-1.85.

$CBRL {{ '2017-02-21T14:01:52+0000' | timeago}} • Announcement

$CBRL lowered its 2017 comparable store restaurant sales outlook of 0.5-1% from 1-2%, and widened its 2017 comparable store retail sales outlook to down 2% from down 1%. This reflects the company's more cautious expectations for 2H17. The company now expects food commodity deflation of about 4% for the year.

$CBRL {{ '2017-02-21T13:58:04+0000' | timeago}} • Announcement

$CBRL reaffirmed its FY17 EPS guidance of $8.10-8.25. The company now expects total revenue of about $2.95Bil, reflecting the expected opening of 8 new Cracker Barrel stores and 4 new Holler & Dash Biscuit House restaurants. $CBRL's prior revenue outlook was $2.95-3Bil.

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