For Q1, sees 1 to 2 new Cracker Barrel stores and 4 to 5 new Maple Street Biscuit Company units being opened. Sees Q1 commodity deflation of 1% to 2%. Sees Q1 wage inflation of 4% to 5%. Sees Q1 GAAP operating income margin of 1.55% to 2.55% and adjusted operating income margin of 2.25% to 3.25%, which contemplates the amortization of the asset recognized from the gains on sale and leaseback transactions, certain expenses related to the CEO transition, and a corporate restructuring charge. Sees Q1 capital expenditures of $27M-$32M.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CBRL:
- CRACKER BARREL REPORTS FOURTH QUARTER FISCAL 2023 RESULTS
- Options Volatility and Implied Earnings Moves Today, September 13, 2023
- Cracker Barrel Old Country Store (CBRL) Q4 Earnings Cheat Sheet
- Cracker Barrel price target lowered to $85 from $97 at Truist
- Cracker Barrel price target lowered to $105 from $115 at CL King