CRACKER BARREL OLD COUNTRY STORE Reports 0.8% Revenue Increase for Q2 2023
September 15, 2023
☀️Earnings Overview
CRACKER BARREL OLD COUNTRY STORE ($NASDAQ:CBRL) reported total revenue of USD 836.7 million for the quarter ending July 31 2023, a 0.8% increase from the same period in the prior year. Moreover, net income was up 12.3%, amounting to USD 37.5 million, when compared to the year before. The company shared their earnings results on September 13 2023.
Analysis
The Risk Rating from GoodWhale’s comprehensive analysis reveals that the company is a low-risk investment in terms of financial and business aspects. GoodWhale has detected 1 risk warning in the cashflow statement. This indicates that the company’s cash flow may be affected by certain risks. To get an in-depth understanding of the risk warning, register with us to check it out. Investing in CRACKER BARREL OLD COUNTRY STORE is likely to provide good returns and secure a stable income. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CBRL. More…
| Total Revenues | Net Income | Net Margin |
| 3.44k | 99.05 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CBRL. More…
| Operations | Investing | Financing |
| 250.46 | -124.32 | -146.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CBRL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 1.73k | 21.39 |
Key Ratios Snapshot
Some of the financial key ratios for CBRL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 33.8% | 3.5% |
| FCF Margin | ROE | ROA |
| 3.6% | 15.9% | 3.4% |
Peers
The restaurant industry is a highly competitive market. Many companies compete for market share by offering similar products and services. Cracker Barrel Old Country Store Inc is one such company that competes against others such as Create Restaurants Holdings Inc, Mos Food Service Inc, and Granite City Food & Brewery Ltd. All of these companies offer similar products and services, but each has its own unique selling points that help it stand out in the crowd.
– Create Restaurants Holdings Inc ($TSE:3387)
Restaurant Brands International Inc. is a holding company that operates through its subsidiaries. The company owns and operates quick service restaurants under the Tim Hortons, Burger King, and Popeyes Louisiana Kitchen brands. As of December 31, 2020, it had a network of 29,767 restaurants in approximately 40 countries. The company was founded in 1954 and is headquartered in Toronto, Canada.
RBIS’s market cap is $193.56B as of 2022. The company has a return on equity of 12.73%. RBIS operates quick service restaurants under the Tim Hortons, Burger King, and Popeyes Louisiana Kitchen brands. The company has a network of 29,767 restaurants in approximately 40 countries.
– Mos Food Service Inc ($TSE:8153)
Sysco is the largest foodservice distributor in North America, with a market cap of over $95 billion as of 2022. They serve over 400,000 customers in the United States and Canada, including restaurants, hospitals, schools, and other foodservice establishments. They have a return on equity of 5.34%, which is relatively low compared to other companies in the foodservice industry.
– Granite City Food & Brewery Ltd ($OTCPK:GCFB)
Granite City Food & Brewery Ltd is a company that operates restaurants and breweries. As of 2022, the company has a market capitalization of 5.6 million and a return on equity of 21.92%. The company’s restaurants offer a variety of American-style food, including burgers, salads, and sandwiches, as well as a selection of beer brewed on site. Granite City Food & Brewery Ltd was founded in 1999 and is headquartered in St. Cloud, Minnesota.
Summary
Despite reporting total revenue of USD 836.7 million for the quarter ending July 31 2023, a 0.8% increase from the prior year, CRACKER BARREL OLD COUNTRY STORE saw its stock price move down on September 13 when the earning results were announced. This was likely due to the 12.3% growth in net income, which was below analysts’ expectations, and could lead to further downward pressure on the stock price in the coming days. Investors should monitor the company’s performance and earnings releases to stay updated on its financial health and outlook.
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