NASDAQ$CBRL
Cracker Barrel Old Country Store Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Cracker Barrel's third quarter results came in below expectations due to softer traffic.
Cracker Barrel reported a decrease in total revenue by 1.9% compared to the third quarter of fiscal 2023, with a comparable store restaurant sales decrease of 1.5% and retail sales decrease of 3.8%. GAAP net income was ($9.2) million, and adjusted net income was $19.6 million. GAAP earnings per diluted share were ($0.41), and adjusted earnings per diluted share were $0.88.
- Total revenue decreased by 1.9% compared to the third quarter of fiscal 2023.
- Cracker Barrel comparable store restaurant sales decreased 1.5%, including total menu pricing increases of 4.0%.
- Comparable store retail sales decreased 3.8% from the prior year quarter.
- GAAP earnings (loss) per diluted share for the third quarter were ($0.41).
Headline financials
Revenue & EPS history
Cracker Barrel · Revenue · Quarterly
$817M
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 provided an update to its fiscal 2024 outlook, reminding investors that its outlook reflects a number of assumptions, many of which are outside the Company’s control. Uncertainties created by macroeconomic conditions, such as ongoing inflation, low consumer confidence and high interest rates may adversely affect consumer behavior and cause actual results to differ materially from those expected.
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 2024
-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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