Cracker Barrel's earnings call reflected a generally positive sentiment, with significant achievements in sales and operational improvements. However, challenges in retail revenue and increased operating expenses presented obstacles. Overall, the company's strategic initiatives are gaining traction, setting a positive outlook for future quarters.

Company Guidance

During Cracker Barrel's Q1 2025 earnings call, the company provided detailed guidance and an optimistic outlook based on strong performance metrics. Total revenue for the quarter was reported at $845.1 million, an increase of 2.6% from the previous year, with restaurant revenues up by 3.4% to $683.3 million and comparable store restaurant sales increasing by 2.9%. The company highlighted a price increase of 4.7% and improved comparable store sales performance that outpaced the Black Box casual dining industry by 290 basis points. The quarter saw a remarkable 17 percentage point improvement in hourly turnover, and off-premise sales represented 18.4% of restaurant sales. Cracker Barrel's ongoing transformation plan includes initiatives such as menu enhancements and store remodels, with plans to conduct 25 to 30 remodels and a similar number of refreshes in fiscal 2025. The company reaffirmed its fiscal 2025 outlook, expecting total revenue between $3.4 billion and $3.5 billion, with adjusted EBITDA anticipated to be approximately $200 million to $215 million.

Positive Comparable Store Sales

Cracker Barrel delivered positive comparable store sales for the second consecutive quarter, outperforming the Black Box casual dining industry by 290 basis points.

Operational Improvements

Hourly turnover improved by 17 percentage points, and there was a noted improvement in key operational metrics such as guest satisfaction and productivity.

Successful Menu Innovations

New menu items like Hashbrown Casserole Shepherd's Pie and Pot Roast resonated with guests, contributing to improved traffic trends, especially in the dinner segment.

Strategic Transformation Plan on Track

The company is on track with its 3-year strategic transformation plan, focusing on refining the brand, enhancing the menu, and evolving the guest experience.

Strong Average Check Growth

Average check growth was 5.8%, with a favorable mix driven by improved dinner segment performance.

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Cracker Barrel (CBRL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CBRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2025	2025 (Q2)	1.00 / -	1.37	―	―	―
Dec 04, 2024	2025 (Q1)	0.37 / 0.45	0.51	-11.76% (-0.06)	―
Sep 19, 2024	2024 (Q4)	1.10 / 0.98	1.79	-45.25% (-0.81)	―
May 30, 2024	2024 (Q3)	0.66 / 0.88	1.21	-27.27% (-0.33)	―
Feb 27, 2024	2024 (Q2)	1.36 / 1.37	1.48	-7.43% (-0.11)	―
Nov 30, 2023	2024 (Q1)	0.74 / 0.51	0.99	-48.48% (-0.48)	―
Sep 13, 2023	2023 (Q4)	1.61 / 1.79	1.57	14.01% (+0.22)	―
Jun 06, 2023	2023 (Q3)	1.34 / 1.21	1.188	1.85% (+0.02)	―
Feb 28, 2023	2023 (Q2)	1.36 / 1.48	1.71	-13.45% (-0.23)	―
Dec 02, 2022	2023 (Q1)	1.17 / 0.99	1.52	-34.87% (-0.53)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CBRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 04, 2024	$55.71	$54.73	-1.76%
Sep 19, 2024	$41.35	$40.90	-1.09%
May 30, 2024	$44.88	$47.61	+6.08%
Feb 27, 2024	$70.06	$67.91	-3.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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