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.”
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Read More on CBRL:
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- Cracker Barrel price target lowered to $70 from $75 at UBS
- Cracker Barrel price target lowered to $57 from $65 at Citi
- Cracker Barrel (NASDAQ:CBRL) Cracks on Big Q1 Miss
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