NASDAQ$CBRL

Cracker Barrel Old Country Store Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Cracker Barrel's financial performance showed improvement in comparable store restaurant and retail sales compared to the previous quarter.

Cracker Barrel reported a total revenue of $646.5 million for the first quarter of fiscal 2021, a decrease of 13.7% compared to the prior year. The company's sales recovery continued, with both restaurant and retail sales showing strong improvements compared to the fourth quarter of fiscal 2020. GAAP earnings per diluted share were $7.18, while adjusted earnings per diluted share were $0.69.

  • Comparable store restaurant and retail sales showed strong improvement over the previous quarter.
  • Total revenue for the first quarter of fiscal 2021 was $646.5 million, representing a decrease of 13.7% compared to the first quarter of the prior year.
  • GAAP operating income in the first quarter was $237.1 million, or 36.7% of total revenue.
  • GAAP earnings per diluted share were $7.18 compared to prior year period GAAP earnings per diluted share of $1.79.

Headline financials

Total Revenue

$646M

Previous: $749M-13.7%
EPS (adj)

$0.69

Previous: $1.90-63.7%
Comp Restaurant Sales Growth

-16.4%

No prior period
Comp Retail Sales Growth

-8.1%

No prior period
Capital Expenditures

-$11.4M

Previous: -$27.9M+59.0%
Free Cash Flow

$45.6M

Previous: $16.9M+169.0%
Net Income

$171M

Previous: $43.2M+294.9%
Operating Income

$237M

Previous: $63.4M+274.1%
Gross Profit

$447M

Previous: $529M-15.5%
Cash & Equivalents

$598M

Previous: $43.2M+1283.1%
Total Assets

$2.92B

Previous: $2.14B+36.6%
Stock-Based Comp

$1.97M

Previous: $1.8M+9.8%

Revenue & EPS history

Cracker Barrel · Revenue · Quarterly

$646M

Q1 2021-13.7%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Cracker Barrel · $428M total across 2 segments · Q3 2020

  • Restaurant
    $356M-41.6%
  • Retail
    $72.2M-44.3%

Forward guidance

Due to the pandemic, the sales performance of the Company’s stores varies significantly and is heavily influenced by factors outside the Company’s control. The Company anticipates these circumstances will continue for the foreseeable future, and, in recognition of this uncertainty, is not providing annual earnings guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.0%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-2.5%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+22.3%

Q3 2026

Best reaction

-15.0%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+22.3%+19.5%
Q2 2026-1.2%-7.8%-5.6%
Q1 2026+3.7%-1.4%+11.1%
Q4 2025-7.6%-11.2%-20.1%
Q3 2025+6.0%+4.7%+15.7%
Q2 2025+7.6%+4.0%-7.6%
Q1 2025+7.8%+4.3%+13.2%
Q4 2024+0.0%+4.2%+21.4%
Q3 2024+7.5%+12.8%-7.1%
Q2 2024-8.3%-8.3%+0.6%
Q1 2024-3.7%-6.0%+2.6%
Q4 2023-4.9%-6.5%-8.8%
Q3 2023-2.4%-6.3%-6.5%
Q2 2023+2.8%+1.9%+4.3%
Q1 2023-15.0%-15.8%-16.6%
Q4 2022-1.4%-5.3%+14.0%
Q3 2022-6.4%-8.1%-13.7%
Q2 2022-3.1%+2.2%-9.5%
Q1 2022-7.5%-10.3%-10.4%
Q4 2021+0.2%+4.3%-5.7%
Q3 2021-0.6%-2.0%-5.5%
Q2 2021+0.2%-2.0%+6.3%
Q1 2021-0.4%-6.1%-6.9%
Q4 2020-9.5%-14.4%-13.1%
Q3 2020+10.3%+20.4%-1.6%
Q2 2020-5.8%-13.7%-48.6%
Q1 2020-3.6%-2.4%-1.6%
Q4 2019+0.4%+0.8%-6.1%
Q3 2019+3.3%+1.6%+7.4%
Q2 2019-4.3%-4.7%-4.5%
Q1 2019+3.5%+3.3%-8.1%
Q4 2018-3.9%-2.9%+2.9%
Q3 2018+0.0%+0.7%+3.5%
Q2 2018-8.8%-7.1%-9.0%
Q1 2018-5.9%-6.3%+5.5%
Q4 2017+0.4%-0.9%+1.9%
Q3 2017+1.8%+2.3%+1.4%
Q2 2017-5.2%-4.2%-7.4%
Q1 2017+7.4%+6.6%+10.4%
Q4 2016-6.9%-6.9%-11.3%
Q3 2016+10.6%+11.7%+12.0%
Q2 2016+3.9%
Q1 2016-5.7%
Q4 2015-3.1%
Q3 2015+5.0%
Q2 2015+11.4%
Q1 2015+3.8%
Q4 2014+0.6%
Q3 2014-1.3%
Q2 2014-1.4%
Q1 2014-7.9%
Q4 2013-2.8%
Q3 2013+7.3%
Q2 2013+12.7%
Q1 2013-5.6%
Q4 2012+3.3%
Q3 2012+0.2%
Q2 2012+1.1%
Q1 2012-3.7%
Q4 2009-1.6%
Q4 2011-1.6%
Q3 2010-1.7%
Q3 2011-1.7%
Q2 2011-1.7%
Q2 2010+2.3%
Q1 2010+2.3%
Q4 2010+2.3%
Q1 2011+2.3%

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