Cracker Barrel Old Country Store, Inc. has announced the retirement of Meg G. Crofton from the Board of Directors, effective as of February 26, 2025. Crofton has served as a director for the past eight years and expressed her high regard for the company's management and her fellow directors.
In the most recent financial report, Cracker Barrel Old Country Store, Inc. reported a total revenue of $3.46 billion, an increase of 2.3% from the previous period. The net income for the same period was $196 million, representing a decrease of 5.3% compared to the prior period. Additionally, the company's operating expenses rose to $2.82 billion, marking a 3.8% increase from the last period.
Furthermore, the company's earnings per share (EPS) stood at $8.21, reflecting a decrease of 5.6% from the previous period. Conversely, the company's cash flow from operations experienced a 7.2% increase, totaling $411 million in the recent period.
Amidst these financial changes, the retirement of Meg G. Crofton from the Board of Directors adds a notable transition to Cracker Barrel Old Country Store, Inc.'s corporate governance. The market has reacted to these announcements by moving the company's shares -0.5% to a price of $45.29. For more information, read the company's full 8-K submission here.
