NASDAQ$CBRL
Cracker Barrel Old Country Store Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Cracker Barrel reported topline performance and operating income results in line with expectations for the first quarter of fiscal year 2023.
Cracker Barrel's first quarter fiscal 2023 saw a revenue increase of 7.0% compared to the prior year, with comparable store restaurant sales up 7.1% and retail sales up 4.3%. GAAP operating income was $23.6 million, while GAAP net income was $17.1 million, a decrease of 48.7% compared to the prior year. The Board declared a quarterly dividend of $1.30 per share.
- Total revenue increased by 7.0% to $839.5 million.
- Comparable store restaurant sales increased 7.1%, including menu pricing of 7.8%.
- Comparable store retail sales increased 4.3%.
- GAAP net income decreased 48.7% to $17.1 million.
Headline financials
Revenue & EPS history
Cracker Barrel · Revenue · Quarterly
$840M
Revenue by segment
Cracker Barrel · $428M total across 2 segments · Q3 2020
- Restaurant$356M-41.6%83.1%
- Retail$72.2M-44.3%16.9%
Forward guidance
The Company anticipates the near-term consumer environment will remain challenged due to continued inflation, low consumer confidence, and macroeconomic uncertainty.
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 2023
-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
| Quarter | Report date | Reaction (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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