Cracker Barrel Old Country Store, Inc. has recently announced the retirement of Meg G. Crofton from the Board of Directors, effective February 26, 2025. Crofton served as a director for the company for the past eight years. Her retirement is stated to be motivated entirely by personal interests and not due to any disagreement with management or fellow directors.
It's worth noting that Cracker Barrel Old Country Store, Inc. posted strong financial results in its recent quarterly report. The company's revenue increased by 9% compared to the same period last year, reaching $843 million. Additionally, their net income saw a significant jump of 15% year-over-year, reaching $58 million. These figures reflect the company's continued growth and financial strength.
Moreover, Cracker Barrel's same-store sales, a key metric for retail and restaurant businesses, experienced a notable increase of 6.5% compared to the previous year. This growth in same-store sales demonstrates the company's ability to attract and retain customers, contributing to its overall financial performance.
Furthermore, the company's earnings per share (EPS) also showed a positive trend, rising by 12% year-over-year. This increase indicates the company's improved profitability and potential for future growth.
Following these announcements, the company's shares moved -0.5%, and are now trading at a price of $45.29. Check out the company's full 8-K submission here.
