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New Stores Boost Cracker Barrel’s Revenue

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Cracker Barrel’s price movement 

Cracker Barrel Old Country Store (CBRL) has a market cap of $3.49 billion. Its YTD (year-to-date) performance was stable. It was in a trading range until the earnings report. After the 4Q15 earnings report, Cracker Barrel fell by 3.63% to close at $145.59 per share.

The price movement on weekly and monthly basis is -2.27% and -4.37%. On a YTD basis, it’s 7.67%. Its price movement is -2.63% on a trailing five-day basis. Technically, in 2015, it broke the support at times. It’s trading below the 20-day and 50-day moving average benchmarks.

Currently, it’s trading at -0.69% below the 20-day moving average, -2.75% below the 50-day moving average, and 4.20% above the 200-day moving average.

The PowerShares S&P SmallCap Consumer Discretionary Portfolio ETF (PSCD) invests 2.99% of its holdings in Cracker Barrel. The ETF tracks a cap-weighted index of consumer staples stocks selected from the S&P SmallCap 600. The YTD price movement of PSCD is -0.98%.

Cracker Barrels competitors and their market caps are:

  • Denny’s (DENN) – $946.94 million
  • DineEquity (DIN) – $1.77 billion
  • Bloomin’ Brands (BLMN) – $2.50 billion
  • Jack in the Box (JACK) – $2.85 billion
  • Darden Restaurants (DRI) – $8.94 billion
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Cracker Barrel’s performance in 4Q15 and fiscal 2015

Cracker Barrel reported the net revenue of $719.185 million in 4Q15. This is a rise of 5.10% on a quarterly basis. The restaurant and retail revenue has risen by 5.50% and 3.40%, respectively, in 4Q15. The company opened three new stores. This increases the average unit volume of restaurants by 5.40%. The gross profit and EPS (earnings per share) grew by 18.30% and 33%.

On June 11, 2015, the company donated $152,000 to USO. In July 2015, the company opened new stores in Morganton, Mt. Airy, and Columbus.

In fiscal 2015, the company performed according to its expectations. It grew by 5.90%. The net revenue rose to $2,842.284 million with an EPS of $6.85 per share.

The cash and cash equivalents doubled to $265.455 million. The company improved its receivables by 20.40%.

About Cracker Barrel

Cracker Barrel provides a friendly “home-away-from-home” in its old country stores and restaurants. The restaurants serve delicious, home-style country food like meatloaf and homemade chicken n’ dumplings as well as signature biscuits using an old family recipe. The authentic old country retail store is fun for shopping and offers unique gifts and self -indulgences.

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