NASDAQ$CBRL
Cracker Barrel Old Country Store Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Cracker Barrel's financial performance was significantly impacted by the COVID-19 pandemic, with substantial declines in restaurant and retail sales, and the company took actions to bolster liquidity and adapt operations.
Cracker Barrel reported a 41.5% decrease in total revenue to $432.5 million for the third quarter of fiscal 2020, with comparable restaurant sales down 41.7% and retail sales down 45.5%. The company experienced an operating loss of $79.0 million and a net loss of $161.9 million, or $6.81 per diluted share, due to the impact of COVID-19 and related expenses and impairment charges.
- Comparable restaurant sales decreased by 41.7% and retail sales decreased by 45.5% compared to the same quarter last year.
- All Cracker Barrel stores remained open, but operated under an off-premise-only model for a significant portion of the quarter.
- The company increased outstanding debt by drawing approximately $40 million under its credit facility.
- As of May 29, 2020, 505 stores had limited dine-in service, with expectations that most stores would offer limited dine-in by the end of June.
Headline financials
Revenue & EPS history
Cracker Barrel · Revenue · Quarterly
$433M
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 withdrew its previously issued fiscal 2020 outlook, including fiscal 2020 earnings guidance, due to the uncertain impact of the COVID-19 pandemic.
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 Q3 2020
-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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