Latest news with #CBRL
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer on Cracker Barrel (CBRL): 'This is a True Turnaround Story With a Great CEO'
We recently published a list of . In this article, we are going to take a look at where Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) stands against other stocks that Jim Cramer discusses. Cramer was bullish on Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) as he said: 'I've been following this folksy off-highway restaurant/retail chain for a little over a year, and I started pounding the table on the stock last July after speaking to CEO Julie Masino, who I think is orchestrating just one heck of a turnaround… The stock rolled over, especially after Liberation Day, at its April lows, it came all the way back down to 33 bucks. Now, I told you that was an incredible buying opportunity. I hope you took my advice because Cracker Barrel's now up 38% since I last recommended it in April, climbing back to the mid-50s even after it got hit today. So this has been a big winner for us. Close-up of items from the restaurant apparel and toys in a vibrant display. Cracker Barrel (NASDAQ:CBRL) runs restaurants that serve all-day meals and include gift shops offering home goods, seasonal items, apparel, toys, and packaged food. The company provides dine-in, pick-up, and delivery options. Overall, CBRL ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CBRL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer on Cracker Barrel (CBRL): 'This is a True Turnaround Story With a Great CEO'
We recently published a list of . In this article, we are going to take a look at where Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) stands against other stocks that Jim Cramer discusses. Cramer was bullish on Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) as he said: 'I've been following this folksy off-highway restaurant/retail chain for a little over a year, and I started pounding the table on the stock last July after speaking to CEO Julie Masino, who I think is orchestrating just one heck of a turnaround… The stock rolled over, especially after Liberation Day, at its April lows, it came all the way back down to 33 bucks. Now, I told you that was an incredible buying opportunity. I hope you took my advice because Cracker Barrel's now up 38% since I last recommended it in April, climbing back to the mid-50s even after it got hit today. So this has been a big winner for us. Close-up of items from the restaurant apparel and toys in a vibrant display. Cracker Barrel (NASDAQ:CBRL) runs restaurants that serve all-day meals and include gift shops offering home goods, seasonal items, apparel, toys, and packaged food. The company provides dine-in, pick-up, and delivery options. Overall, CBRL ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CBRL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Cracker Barrel Q3 earnings: CEO talks tariffs, consumer demand
Cracker Barrel (CBRL) stock is rising after the company raised its guidance despite a $5M tariff hit. Julie Felss Masino, Cracker Barrel Old Country Store president and CEO, joins Catalysts host Madison Mills and Yahoo Finance Senior Reporter Brooke DiPalma to break down how the chain is navigating tariffs and shifting consumer behavior. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Cracker Barrel Q3 Earnings Surpass Estimates, Revenues Miss
Cracker Barrel Old Country Store, Inc. CBRL posted third-quarter fiscal 2025 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line increased year over year, while the bottom line fell from the prior-year quarter's reported figure. Following the results, the company's shares declined 7.2% yesterday during trading hours. Negative investor sentiments were witnessed as the company cited concerns over softer traffic trends and macroeconomic uncertainty. For third-quarter fiscal 2025, the company reported adjusted earnings per share (EPS) of 58 cents, beating the Zacks Consensus Estimate of 17 cents. The company's earnings declined 34.1% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Cracker Barrel Old Country Store, Inc. price-consensus-eps-surprise-chart | Cracker Barrel Old Country Store, Inc. Quote Quarterly revenues of $821.1 million missed the consensus mark of $827 million. The top line increased 0.5% year over year. Comparable-store restaurant sales increased 1% in the reported quarter compared with the same period in fiscal 2024. Comparable-store retail sales decreased 3.8% year over year. In the quarter, menu pricing increases were 4.9% year over year. Our model predicted comparable-store restaurant sales growth of 1.8%. In the fiscal third quarter, the cost of goods sold (excluding depreciation and rent) was $247.3 million, which was up 1% year over year. As a percentage of total revenues, the cost of goods sold (excluding depreciation and rent) increased 10 basis points year over year to 30.1%. Per our model, the metric was anticipated at 30.5%. General and administrative expenses totaled $46 million, down 16% year over year. Our prediction for the metric was $53.9 net income in the fiscal third quarter amounted to $13.1 million compared with $19.6 million reported in the year-ago quarter. Our prediction for the metric was $5 million. As of May 2, 2025, cash and cash equivalents were $9.8 million compared with $11.9 million as of April 26, at the fiscal third-quarter end reached $168.9 million, down 3.8% year over debt as of May 2, 2025, was $489.4 million compared with $472.2 million as of April 26, declared a cash dividend of 25 cents per share. The dividend will be paid out on Aug. 13, 2025, to its shareholders on record as of July 18. For fiscal 2025, the company expects revenues in the range of $3.45-$3.5 billion. Adjusted EBITDA is anticipated to be between $215 million and $225 million, up from the earlier projection of $210 million to $220 continues to expect commodity inflation to be in the mid-2% range compared with the prior expectation of 2% to 3%. Hourly wage inflation is anticipated to be in the mid-2% range compared with the prior estimate of 3%.Capital expenditures are envisioned in the range of $160-$170 million. Cracker Barrel currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Retail-Wholesale sector are BJ's Restaurants, Inc. BJRI, Wingstop Inc. WING and Brinker International, Inc. EAT. BJ's Restaurants currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BJ's Restaurants delivered a trailing four-quarter earnings surprise of negative 101.2%, on average. The stock has inched up 24.6% in the year-to-date period. The Zacks Consensus Estimate for BJ's Restaurants' 2025 sales and EPS implies growth of 3.1% and 21.1%, respectively, from the year-ago levels. Wingstop presently has a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 6.1%, on average. The stock has gained 30.7% in the year-to-date period. The Zacks Consensus Estimate for Wingstop's 2025 sales and EPS indicates an increase of 16.8% and 6.6%, respectively, from the year-ago currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 24.5%, on average. The stock has increased 28% in the year-to-date period. The Zacks Consensus Estimate for Brinker's 2025 sales and EPS indicates growth of 20.9% and 113.7%, respectively, from the year-ago period's levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
CBRL Q1 Earnings Call: Profit Beats Offset Flat Sales, Transformation Plan Progresses
Restaurant company Cracker Barrel (NASDAQ:CBRL) met Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $821.1 million. Its non-GAAP profit of $0.58 per share was significantly above analysts' consensus estimates. Is now the time to buy CBRL? Find out in our full research report (it's free). Revenue: $821.1 million (flat year on year) Adjusted EPS: $0.58 vs analyst estimates of $0.21 (significant beat) EBITDA guidance for the full year is $220 million at the midpoint, above analyst estimates of $212.6 million Adjusted EBITDA Margin: 5.9% Locations: 728 at quarter end, up from 721 in the same quarter last year Same-Store Sales rose 1% year on year (-1.5% in the same quarter last year) Market Capitalization: $1.29 billion Cracker Barrel's first quarter results reflected continued efforts to transform its core business and drive operational improvements, as discussed by CEO Julie Masino. Management highlighted that, despite a slow start to the quarter due to weather and consumer uncertainty, the company was able to generate positive comparable restaurant sales and improve productivity through back-of-house optimization. The introduction of new menu items, such as expanded pancake flavors and spring shrimp promotions, played a role in maintaining guest engagement. CFO Craig Pommells emphasized that labor productivity gains and disciplined expense management, particularly in general and administrative costs, helped offset commodity cost pressures—especially from higher beef, egg, and pork prices. Masino described the quarter as a 'test and learn' period, reiterating that some benefits from operational changes are only just beginning to materialize. Looking forward, management's guidance is underpinned by further rollout of transformation initiatives, continued investment in marketing, and adjustments to mitigate upcoming tariff impacts on retail goods sourced from China. CEO Julie Masino pointed to the upcoming launch of brand refinements and the return of Campfire Meals as critical initiatives for driving guest engagement and sales in the near term. The company is leaning into data-driven personalization and AI-driven tools to enhance loyalty program effectiveness and operational efficiency. CFO Craig Pommells stated that ongoing productivity improvements and cost savings from back-of-house initiatives are expected to support margins, while acknowledging that the company is still assessing the full-year impact of tariffs and evolving its retail strategy to offset these headwinds. Management plans to provide further detail on mitigation efforts and fiscal 2026 guidance in the next update. Management attributed the quarter's performance to operational improvements, new culinary offerings, and early results from the transformation plan, while noting ongoing challenges from commodity costs and tariffs. Operational changes underway: The company completed phase one of its back-of-house optimization initiative, focusing on process simplification to improve food quality, employee satisfaction, and operational efficiency. Early feedback from team members was positive, and labor productivity gains contributed to lower labor costs as a percentage of revenue. Menu innovation supports engagement: Spring promotions introduced new shrimp dishes and expanded the pancake platform, aligning with the 'barbell' pricing strategy that aims to attract both value- and premium-seeking guests. Management credited these menu additions with maintaining guest interest and supporting sales mix. Loyalty program drives sales: Cracker Barrel Rewards surpassed its internal target with over 8 million members and now accounts for more than one-third of tracked sales. Advanced personalization, powered by AI, is being tested and has delivered a mid-single-digit lift in average revenue per member within pilot groups. Retail strategy under review: Tariffs on goods sourced from China prompted the company to accelerate retail strategy changes, including SKU rationalization, fewer seasonal themes, and refined promotional timing. Negotiations with vendors and alternate sourcing are ongoing to mitigate tariff-related cost pressures. Expense management delivers margin benefit: Tight control over general and administrative expenses in the quarter, along with shifts in discretionary spending, supported profitability despite commodity inflation and higher advertising costs. Management noted that some deferred expenses will shift into future quarters as investment in brand and operational transformation continues. Cracker Barrel's outlook is shaped by continued transformation initiatives, tariff mitigation, and a focus on operational efficiencies to support profitability amid a changing consumer and cost environment. Transformation plan progression: Management expects additional benefits from ongoing back-of-house optimization, including broader adoption of streamlined processes and equipment upgrades in future phases. These changes are intended to permanently improve labor productivity and food consistency, with more impact expected in the coming quarters. Tariff mitigation and retail adjustments: The company is accelerating SKU rationalization and adjusting promotional strategies in its retail business to offset the effects of tariffs on China-sourced goods. Management cautioned that the full impact of tariffs will depend on inventory turnover and ongoing negotiations with vendors, with more clarity expected next quarter. Marketing and brand refinement investments: Cracker Barrel is increasing marketing spend to support the return of Campfire Meals and the launch of its brand refinement initiative. These efforts, along with expanded loyalty program personalization, are designed to drive guest traffic and frequency, though management acknowledged that changing consumer behavior and macroeconomic uncertainty remain risks. In the coming quarters, the StockStory team will focus on (1) the effectiveness of brand refinement initiatives and the return of Campfire Meals in driving guest traffic and frequency, (2) the company's ability to offset tariff-related retail cost pressures through SKU rationalization and vendor negotiations, and (3) the sustained impact of back-of-house optimization on labor costs and operational consistency. Progress in these areas will be key indicators of transformation plan execution. Cracker Barrel currently trades at a forward P/E ratio of 20.4×. In the wake of earnings, is it a buy or sell? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
