Cracker Barrel (CBRL) Misses Q1 EPS by 3c, Offers Outlook

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Cracker Barrel Reports First Quarter Fiscal 2022 Results and Declares Quarterly Dividend

November 23, 2021 8:00 AM EST

LEBANON, Tenn., Nov. 23, 2021 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2022 ended October 29, 2021.

First Quarter Fiscal 2022 Highlights

Compared to the first quarter of fiscal 20191, comparable store restaurant sales increased 1.4% and comparable store retail sales increased 17.6%. Comparable store off-premise restaurant sales grew 168% compared to the first quarter of 20191 and represented approximately 20% of restaurant sales.GAAP operating income in the first quarter was $42.9 million, or 5.5% of total revenue, and adjusted2... More