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Cracker Barrel Old Country Store, Inc. Message Board

  • bluecheese4u bluecheese4u Nov 29, 2012 8:51 AM Flag

    Cracker Barrel Reports Results for First Quarter Fiscal 2013

    Cracker Barrel Reports Results for First Quarter Fiscal 2013

    November 29, 2012

    Positive Comparable Store Traffic, Restaurant and Retail Sales in the Quarter

    LEBANON, Tenn.--(BUSINESS WIRE)-- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported financial results for the first quarter of fiscal 2013 ended November 2, 2012.

    First-Quarter Fiscal 2013 Highlights
    Compared to the prior year first quarter, comparable store traffic increased 0.8%, comparable store restaurant sales increased 3.3% and comparable store retail sales increased 1.6%
    Fourth consecutive quarter of positive comparable traffic, restaurant sales and retail sales, and outperformance of the Knapp-TrackTM casual dining index.
    On a GAAP basis, operating income margin was 7.2% of total revenue, compared with 7.5% in the prior year quarter. Adjusted for proxy contest and severance expenses, adjusted operating income margin was 7.8% of total revenue, compared with 7.8% in the prior year quarter. (See non-GAAP reconciliation below.)

    First-Quarter Fiscal 2013 Results

    Revenue

    The Company reported total revenue of $627.5 million for the first quarter of fiscal 2013, representing an increase of 4.8% over the first quarter of the prior year. Comparable store restaurant sales increased 3.3%, including a 2.5% increase in average check. The average menu price increase for the quarter was approximately 2.0%. Comparable store retail sales were up 1.6% for the quarter. During the quarter, the Company opened four new Cracker Barrel stores, and has opened an additional store since the end of the quarter for a total of five new store openings year-to-date.

    Comparable store restaurant traffic, average check and comparable store restaurant and retail sales for the fiscal months of August, September and October and for the first quarter were as follows:

    investorDOTcrackerbarrelDOTom/releasedetail.cfm?ReleaseID=723878

 
CBRL
96.96-1.93(-1.95%)Jul 31 4:00 PMEDT

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