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Cracker Barrel OLD Country Store (CBRL) Q2 FY2024 earnings: revenue $935 million, up 0.2% on the year

Cracker Barrel OLD Country Store, Inc. (CBRL) reported revenue of $935 million for Q2 FY2024, the quarter ended 26 January 2024, up 0.2% on the same quarter a year earlier. Net income was $27 million, down 13.0% on the year, and diluted earnings per share $1.19. The figures are the company's own, from the 10-Q it filed with the SEC on 27 February 2024.

Revenue$935 millionup 0.2%
Net income$27 milliondown 13.0%
Diluted EPS$1.19
QuarterQ2 FY2024ended 26 January 2024

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue935824n/an/a
Cost of revenue315256n/an/a
Gross profit621568n/an/a
Gross margin66.3%69.0%n/a
Operating income30.811.4n/an/a
Operating margin3.3%1.4%n/a
Income tax-0.81.0n/an/a
Net income26.55.5n/an/a
Net margin2.8%0.7%n/a
Diluted EPS$1.19$0.25n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Operating cash flow77.7-15.8n/an/a
Capital expenditure26.724.7n/an/a
Free cash flow50.9-40.5n/an/a
Free cash flow margin5.4%-4.9%n/a
Cash from investing-26.4-24.6n/an/a
Cash from financing-52.629.2n/an/a
Depreciation and amortisation27.826.7n/an/a
Share-based compensation4.61.6n/an/a
Buybacks0.00.0n/an/a
Dividends paid29.029.3n/an/a
Dividend per share$1.30$1.30n/an/a
Diluted shares, weighted22m22mn/an/a
Shares outstanding at period end22m22mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Shareholders' equity462460n/an/a
Debt452475n/an/a
Operating lease liabilities689697n/an/a
Other liabilities581587n/an/a
Total liabilities and equity2,1852,220n/an/a
Fixed assets966968n/an/a
Goodwill4.74.7n/an/a
Intangible assets24.524.5n/an/a
Cash and equivalents12.613.9n/an/a
Receivables41.532.2n/an/a
Inventory173207n/an/a
Other assets963969n/an/a
Total assets2,1852,220n/an/a

Questions

What was Cracker Barrel OLD Country Store's revenue in Q2 FY2024?

Cracker Barrel OLD Country Store (CBRL) reported revenue of $935 million for Q2 FY2024, the quarter ended 26 January 2024, up 0.2% on the same quarter a year earlier.

How much did Cracker Barrel OLD Country Store earn in Q2 FY2024?

Net income for Q2 FY2024 was $27 million, down 13.0% on the year, and diluted earnings per share $1.19.

When did Cracker Barrel OLD Country Store report Q2 FY2024 results?

Cracker Barrel OLD Country Store filed its 10-Q for the quarter ended 26 January 2024 with the SEC on 27 February 2024.

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue824935817894845949821868797875797849
Cost of revenue256315245272259310247265248293241244
Gross profit568621572622586640574603549582556605
Gross margin69%66%70%70%69%67%70%69%69%67%70%71%
Operating income11.430.8-19.322.27.129.114.94.0-32.80.56.713.1
Operating margin1%3%-2%2%1%3%2%0%-4%0%1%2%
Pre-tax incomen/an/an/an/a1.224.19.92.5-36.5-3.650.510.2
Tax raten/an/an/an/a-288%8%-27%-175%n/an/a15%-20%
Net income5.526.5-9.218.14.822.212.66.8-24.61.342.812.2
Net margin1%3%-1%2%1%2%2%1%-3%0%5%1%
Diluted EPS$0.25$1.19-$0.41$0.81$0.22$0.99$0.56$0.30-$1.10$0.06$1.90$0.54
Operating cash flow-15.877.737.669.5-4.498.123.0102-53.451.394.7114
Capital expenditure24.726.729.447.539.038.136.645.535.526.827.827.7
Free cash flow-40.550.98.222.1-43.360.0-13.656.8-88.924.566.986.0
Buybacks0.00.00.0n/an/an/an/an/an/an/an/an/a
Dividends paid29.329.028.928.96.15.85.65.66.35.75.65.6
Shares outstanding22m22m22m22m22m22m22m22m22m22m22m22m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 26 January 2024, filed 27 February 2024, accession 0001140361-24-009737: the filing on EDGAR. All of Cracker Barrel OLD Country Store, Inc.'s filings: EDGAR company page.

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