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Cracker Barrel Old Country Store, Inc. Message Board

  • algo41 algo41 Dec 9, 2012 2:18 PM Flag

    earnings press releases: beware

    In press release for 1st qtr fy 2013, they cited benefits to reported eps in 1st qtr 2012: "Operating income in the first quarter of the prior year included a net benefit of $5.5 million, or 0.9% of total revenue, resulting collectively from a favorable premium adjustment related to health insurance, a reduction in worker's compensation expense and a favorable litigation settlement, partially offset by expenses related to a non-annual companywide managers' conference."

    Yet none of that was mentioned in press release for 1st qtr fy 2012

 
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