Cracker Barrel Old Country Store ( (CBRL) ) has released its Q1 earnings. Here is a breakdown of the information Cracker Barrel Old Country Store presented to its investors.
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Cracker Barrel Old Country Store, Inc., a prominent player in the casual dining industry, operates over 660 locations across 44 states and offers a unique blend of homestyle food and retail products.
In its first-quarter fiscal 2025 results, Cracker Barrel reported a total revenue of $845.1 million, marking a 2.6% increase from the previous year. Despite a dip in retail sales, the company’s restaurant sales showed notable growth, outperforming industry benchmarks.
Key financial highlights include a 2.9% increase in comparable store restaurant sales, while retail sales saw a slight decline of 1.6%. The company’s GAAP net income was $4.8 million, with adjusted earnings per diluted share rising to $0.45. The adjusted EBITDA also saw a 4.3% increase from the prior year.
Looking ahead, Cracker Barrel reaffirms its fiscal 2025 outlook, projecting total revenue between $3.4 billion and $3.5 billion. The company plans to open new locations while navigating potential economic challenges, maintaining a focus on strategic growth and operational efficiency.
