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Cracker Barrel Spikes on Q4 Results
The Company reported total revenue of $894.4 million for the fourth quarter of fiscal 2024, representing an increase of 6.9% compared to prior year quarter total revenue of $836.7 million. Total revenue for the fourth quarter of fiscal 2024 includes a benefit of $62.8 million related to the 53rd week.
Comparable store restaurant sales increased 0.4% over the prior year quarter while comparable store retail sales decreased 4.2%.
GAAP earnings per diluted share were $0.81, and adjusted earnings per diluted share were $0.98. GAAP earnings per diluted share and adjusted earnings per diluted share in the current year quarter include a benefit of $0.25 related to the 53rd week.
GAAP net income for the fourth quarter was $18.1 million, or 2.0% of total revenue, and adjusted EBITDA was $57.4 million, or 6.4% of total revenue. GAAP net income and adjusted EBITDA1 include a benefit of $5.5 million and $5.8 million related to the 53rd week, respectively.
Shares in CBRL improved $1.13, or 2.7%, to begin Thursday at $42.69.
COMTEX_457918304/2559/2024-09-19T09:57:36