Cracker Barrel Old Country Store, Inc. has recently released its 10-Q report, providing an insight into the company's financial performance and operations. The company operates the Cracker Barrel Old Country Store concept in the United States, which includes restaurants and gift shops. As of November 01, 2024, the company operated 658 Cracker Barrel stores in 44 states and 69 Maple Street Biscuit Company locations in ten states.
The report delves into the company's key performance indicators, including comparable store restaurant and retail sales increase/(decrease), average check increase per guest, and comparable restaurant guest traffic increase/(decrease). These indicators are used to evaluate operational and financial performance. The report also highlights the company's strategic transformation plan, built on refining the brand, enhancing the menu, evolving the store and guest experience, winning in digital and off-premise, and elevating the employee experience.
In terms of financial results, total revenue for the first quarter of 2025 increased by 2.6% compared to the same period in the prior year. The revenue was primarily generated from restaurant and retail sales. The report also provides a breakdown of the company's revenue by percentage relationships, average store volumes, and comparable store sales increase/(decrease) figures, offering a comprehensive view of the company's financial performance.
The 10-Q report also includes the change in the number of units in operation, with Cracker Barrel and MSBC locations. It outlines the net change in units and the total units in operation at the end of the period, providing a clear picture of the company's expansion and operational footprint.
Following these announcements, the company's shares moved -2.3%, and are now trading at a price of $54.41. For more information, read the company's full 10-Q submission here.
