Cracker Barrel Files Q3 2024 10-Q
Ticker: CBRL · Form: 10-Q · Filed: May 30, 2024 · CIK: 1067294
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Cracker Barrel's Q3 2024 10-Q is in. Check financials.
AI Summary
Cracker Barrel Old Country Store, Inc. filed its 10-Q for the period ending April 26, 2024. The filing details financial performance and operational updates for the third quarter of fiscal year 2024. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with the latest financial performance data for Cracker Barrel, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- Q3 2024 — Fiscal Quarter (Period covered by the filing)
- 2024-04-26 — Reporting Date (End of the reporting period)
Key Players & Entities
- CRACKER BARREL OLD COUNTRY STORE, INC (company) — Filer
- 20240426 (date) — Reporting Period End Date
- 20240530 (date) — Filing Date
- 0001067294 (company) — Central Index Key
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is April 26, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001067294.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 30, 2024.
What is the SIC code for Cracker Barrel?
The Standard Industrial Classification (SIC) code for Cracker Barrel is 5812 (RETAIL-EATING PLACES).
What is the fiscal year end for Cracker Barrel?
The fiscal year end for Cracker Barrel is August 2nd (0802).
Filing Stats: 4,570 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-05-30 12:55:00
Key Financial Figures
- $0.01 — ch registered Common Stock (Par Value $0.01) Rights to Purchase Series A Junior P
Filing Documents
- ef20026288_10q.htm (10-Q) — 1189KB
- ef20026288_ex31-1.htm (EX-31.1) — 12KB
- ef20026288_ex31-2.htm (EX-31.2) — 12KB
- ef20026288_ex32-1.htm (EX-32.1) — 4KB
- ef20026288_ex32-2.htm (EX-32.2) — 5KB
- 0001140361-24-028029.txt ( ) — 5138KB
- cbrl-20240426.xsd (EX-101.SCH) — 44KB
- cbrl-20240426_cal.xml (EX-101.CAL) — 55KB
- cbrl-20240426_def.xml (EX-101.DEF) — 156KB
- cbrl-20240426_lab.xml (EX-101.LAB) — 532KB
- cbrl-20240426_pre.xml (EX-101.PRE) — 286KB
- ef20026288_10q_htm.xml (XML) — 660KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Page
Financial Statements (Unaudited)
ITEM 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income (Loss) 4 Condensed Consolidated Statements of Changes in Shareholders' Equity 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18
Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk 31
Controls and Procedures
ITEM 4. Controls and Procedures 32
OTHER INFORMATION
PART II. OTHER INFORMATION
Risk Factors
ITEM 1A. Risk Factors 32
Other Information
ITEM 5. Other Information 32
Exhibits
ITEM 6. Exhibits 32
SIGNATURES
SIGNATURES 33 2 Index
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION ITEM 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) CRACKER BARREL OLD COUNTRY STORE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (Unaudited) ASSETS April 26, 2024 July 28, 2023* Current Assets: Cash and cash equivalents $ 11,852 $ 25,147 Accounts receivable 34,847 30,446 Income taxes receivable 21,661 2,062 Inventories 175,278 189,364 Prepaid expenses and other current assets 35,365 35,268 Total current assets 279,003 282,287 Property and equipment 2,411,280 2,380,313 Less: Accumulated depreciation and amortization 1,466,421 1,408,368 Property and equipment – net 944,859 971,945 Operating lease right-of-use assets, net 860,879 889,306 Goodwill — 4,690 Intangible assets 24,480 23,426 Other assets 47,872 46,440 Total assets $ 2,157,093 $ 2,218,094 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 137,672 $ 165,484 Other current liabilities 308,535 323,482 Total current liabilities 446,207 488,966 Long-term debt 472,216 414,904 Long-term operating lease liabilities 681,272 702,413 Other long-term obligations 130,841 127,986 Commitments and Contingencies (Note 11) Shareholders' Equity: Preferred stock – 100,000,000 shares of $ 0.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued — — Common stock – 400,000,000 shares of $ 0.01 par value authorized; 22,202,296 shares issued and outstanding at April 26, 2024 , and 22,153,625 shares issued and outstanding at July 28, 2023 222 221 Additional paid-in capital 11,477 3,886 Retained earnings 414,858 479,718 Total shareholders' equity 426,557 483,825 Total liabilities and shareholders' equity $ 2,157,093 $ 2,218,094 See Notes to unaudited Condensed Consolidated Financial Statements. * This Condensed Consolidated Balance Sheet has been derived from the audited Consol