Cracker Barrel (NASDAQ: CBRL) reported Q4 EPS of $2.23, $0.04 better than the analyst estimate of $2.19. Revenue for the quarter came in at $743.23 million versus the consensus estimate of $749.95 million.

Fiscal 2018 Outlook

For fiscal 2018, the Company expects total revenue of approximately $3.1 billion reflecting 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 in the range of 2.5% to 3.5%, and comparable store retail sales in the range of 0.0% to 1.0%. The Company projects food commodity inflation of approximately 1.5% for the year. The Company projects operating income margin to be relatively flat to the prior year as a percent of total revenue. The Company expects depreciation expense between $95 million and $100 million; net interest expense in the range of $16 million to $17 million; and capital expenditures of approximately $150 million to $160 million. The Company anticipates an effective tax rate for fiscal 2018 of between 31% and 32%. The Company expects to report earnings per diluted share for fiscal 2018 of between $8.85 and $9.00.

GUIDANCE:

Cracker Barrel sees FY2018 EPS of $8.85-$9.00, versus the consensus of $8.89.

For earnings history and earnings-related data on Cracker Barrel (CBRL) click here.