Cracker Barrel Old Country Store, Inc. has recently released its 10-Q report, providing a comprehensive look at its financial condition and operations. The company is primarily engaged in developing and operating the Cracker Barrel Old Country Store concept in the United States, which includes restaurants with a gift shop offering various items such as rocking chairs, seasonal gifts, apparel, and food products. As of May 2, 2025, the company operated 658 Cracker Barrel stores in 43 states and 70 Maple Street Biscuit Company locations in ten states.
In its ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Cracker Barrel Old Country Store, Inc. highlighted its strategic transformation plan, which is 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. The company's long-term strategy is anchored on driving relevancy, delivering food and experiences guests love, and growing profitability. Despite challenges in the macroeconomic outlook, the company remains focused on delivering long-term growth and returns for shareholders.
The report also discussed the impact of trade policy and tariffs on the company's operations. Cracker Barrel Old Country Store, Inc. has incurred additional costs on imported retail items due to recently imposed tariffs and changes in trade policy. Approximately one-third of its retail products are sourced directly from vendors in China, and the company is taking measures to offset the adverse impact of tariffs, including negotiations with vendors, alternative sourcing, and pricing adjustments.
Key Performance Indicators were also highlighted in the report, 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 the company's operational and financial performance and provide a consistent comparison of sales results and trends across comparable periods within its core, established store base.
In terms of the company's results of operations, the report provided a table highlighting its operating results by percentage relationships to total revenue for the quarter ended May 2, 2025, and the nine months ended May 2, 2025, compared to the same periods in the previous year. This table showed the breakdown of total revenue, cost of goods sold, labor and other related expenses, and other store operating expenses.
Following these announcements, the company's shares moved -7.04%, and are now trading at a price of $53.705. If you want to know more, read the company's complete 10-Q report here.
