Restaurant Chain Cracker Barrel Posts Mixed Q3 Earnings Due To Lower Traffic: Details
Restaurant Chain Cracker Barrel Posts Mixed Q3 Earnings Due To Lower Traffic: Details
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported a third-quarter FY24 sales decline of 1.9% year-on-year to $817.135 million, missing the analyst consensus estimate of $820.614 million.
cb鄉村店（納斯達克：CBRL）報告，截至FY24第三季度銷售額同比下降1.9％至8.17135億美元，未能達到分析師共識預期的8.20614億美元。
Comparable store retail sales decreased 3.8%, and comparable store restaurant sales dropped 1.5%.
可比店鋪零售額下降3.8％，可比店鋪餐廳銷售額下降1.5％。
"As we indicated in our recent business update call, our third quarter results came in below expectations due to softer traffic than we originally anticipated, which underscores the importance of executing our strategic transformation," said Cracker Barrel President and CEO Julie Masino.
cb鄉村店總裁兼首席執行官朱莉·馬西諾表示：“正如我們在最近的業務更新電話中指出，由於流量低於最初預期，我們的第三季度業績低於預期，這凸顯出執行我們的戰略轉型的重要性。
General and administrative expenses increased 21% Y/Y to $54.5 million. The operating loss for the quarter was $19.3 million,compared to an operating income of $16.7 million last year.
總部和行政費用同比增長21％至5450萬美元。本季度營業虧損爲1,930萬美元，去年同期爲營業收入1,670萬美元。
Adjusted EPS of $0.88 beat the analyst consensus estimate of $0.66.
每股收益調整後爲0.88美元，超過分析師共識預期的0.66美元。
Adjusted EBITDA for the quarter was $47.9 million compared to $59.6 million last year.
本季度調整後的EBITDA爲4790萬美元，去年同期爲5960萬美元。
The company recently reduced its quarterly dividend to $0.25 per share. The dividend is payable on August 6 to shareholders of record as of July 19.
該公司最近將其每股股息減少至0.25美元。該股息將於8月6日支付給截至7月19日的股東。
Cracker Barrel held $11.8 million in cash and equivalents as of April 26.
截至4月26日，cb鄉村店持有1180萬美元的現金和等價物。
Outlook: Cracker Barrel lowered its FY24 sales outlook to $3.47 billion – $3.51 billion from $3.5 billion – $3.6 billion versus the consensus of $3.474 billion.
展望：CB鄉村店將其FY24銷售預期下調至34.7億美元-35.1億美元，而不是3.5億美元-3.6億美元，低於市場共識的34.74億美元。
CBRL expects FY24 adjusted EBITDA of $200 million – $220 million. The company anticipates capital expenditures of $120 million – $125 million.
CBRL預計FY24的調整後EBITDA爲2.0億美元-2.2億美元。該公司預計資本支出將爲1.2億美元-1.25億美元。
CBRL anticipates opening two new Cracker Barrel stores and 8 to 10 new Maple Street Biscuit Company units.
CBRL預計將開設兩家新的Cracker Barrel商鋪和8至10家新的Maple Street Biscuit Company分店。
In its recent strategic transformation plan update, Cracker Barrel had warned that its third and fourth quarter fiscal 2024 financial results would be below its previous expectations, primarily due to weaker than anticipated traffic.
在最近的戰略轉型計劃更新中，CB鄉村店警告其第三季度和第四季度財務業績將低於先前預期，主要是由於流量不及預期。
Price Action: CBRL shares are trading higher by 3.17% at $46.80 at the last check Thursday.
股價走勢：CBRL股票在上週四最後一次檢查時以46.8美元的漲幅3.17％交易。
Photo via Wikimedia Commons
照片通過Wikimedia Commons
譯文內容由第三人軟體翻譯。