Cracker Barrel Old Country Store Full Year 2024 Earnings: EPS Misses Expectations

Cracker Barrel Old Country Store (NASDAQ:CBRL) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.47b (flat on FY 2023).
• Net income: US$40.9m (down 59% from FY 2023).
• Profit margin: 1.2% (down from 2.9% in FY 2023).
• EPS: US$1.84 (down from US$4.47 in FY 2023).

CBRL Sales Performance and Store Count

• Same store sales growth: Down 1.2% vs FY 2023.
• Total stores: 724 (up by 5 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cracker Barrel Old Country Store EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

In the last 12 months, the only revenue segment was Restaurants contributing US$3.47b. Notably, cost of sales worth US$2.36b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.04b (97% of total expenses). Explore how CBRL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Cracker Barrel Old Country Store that we have uncovered.

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