Cracker Barrel guides initial FY24 revenue $3.4B-$3.5B, consensus $3.5B

As part of its Q1 results yesterday, the company also forecast to “Add two new Cracker Barrel stores and 9 to 11 new Maple Street Biscuit Company units in FY24. Sees FY24 commodity inflation in the low-single digits, GAAP operating income $95M-$115M and adjusted operating income of $130M-$150M, which includes the impact from the 53rd week in FY24. Sees FY24 capital expenditures of $120M-$135M.”