EmailCracker Barrel (CBRL $40.62 +0.76) reported fourth quarter earnings of
$1.00 per share, excluding $0.25 charges for organizational changes and new
bank, $0.01 better than the Capital IQ Consensus Estimate of $0.99.
Revenues rose 0.1% year/year to $612.9 million versus the $620.5 million
consensus.
The company expects to see earnings in the range of $4.05 to $4.20 in fiscal
year 2012 versus the $4.17 Capital IQ Consensus Estimate; sees revenues of $2.55
billion to $2.60 billion versus the $2.53 billion Capital IQ Consensus Estimate.
Fourth quarter comparable restaurant traffic was -4.2%; Average check was +2.8%;
Comparable restaurant sales were -1.4%; Comparable retail sales were -0.7%. The
company sees fiscal year 2012 projected comparable store restaurant and retail
sales in a range of flat to up 1.5%. The company expects increases in food
commodity costs of between 5.5% to 6.5% for the year. The Company expects
capital expenditures during fiscal 2012 to be between $90 million to $100
million. The company increased quarterly dividend 13.6% to $0.25.
than one year.
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