LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) ("Cracker Barrel"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CBRL, following the Company's announcement of its financial results on September 13, 2017, for the fourth quarter fiscal 2017. The Company's total cost of goods sold improved 140 basis points on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CBRL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=CBRL

Earnings Reviewed

For three months ended July 28, 2017, Cracker Barrel's total revenue decreased 0.3% to $743.23 million from $745.58 million in Q4 FY16. Total revenue was below analysts' expectations of $750.0 million.

During Q4 FY17, Cracker Barrel's total cost of goods sold improved 140 basis points to 29.2% of revenue from 30.6% of revenue in Q4 FY16.

For the reported quarter, Cracker Barrel's store operating income increased 5% to $119.75 million from $114.38 million in Q4 FY16. The increase was attributed to favorable commodity market and reduction in annual operating cost totaling $23 million. During Q4 FY17, the Company's general and administrative (G&A) expenses decreased 1% to $36.51 million from $36.77million in Q4 FY16.

During Q4 FY17, Cracker Barrel's operating income increased 7% to $83.24 million from $77.61 million in Q4 FY16. For the reported quarter, the Company's operating margin increased 80 basis points to 11.2% of revenue from 10.4% of revenue in Q4 FY16.

For the reported quarter, the Company's effective tax rate was 32.4%, as compared to 31.1% in Q4 FY16.

During Q4 FY17, Cracker Barrel's net income increased 6% to $53.89 million on a y-o-y basis from $51.02 million in Q4 FY16. For the reported quarter, the Company's diluted EPS increased 5% to $2.23 on a y-o-y basis from $2.12 in Q4 FY16. The diluted EPS surpassed analysts' expectations of $2.18.

Cracker Barrel's Segment Details

Restaurant - During Q4 FY17, the Restaurant segment's total revenue increased 0.3% to $611.32 million from $609.53 million in Q4 FY16. For the reported quarter, the segment's cost of goods sold improved 80 basis points to 25.2% of revenue from 26% of revenue in Q4 FY16. This improvement was due to favorable cost mix from a shorter summer Campfire menu promotion, a favorable commodity market, and continued savings from targeted food management initiatives.

Retail - During Q4 FY17, the Retail segment's total revenue decreased 3.1% to $131.90 million from $136.06 million in Q4 FY16. The decrease was due to fewer guests being converted to a retail purchase. For the reported quarter, the segment's cost of goods sold improved 270 basis points to 48.2% of revenue from 50.9% of revenue in Q4 FY16. This improvement was primarily due to reduced markdown expense.

Balance Sheet

As on July 28, 2017, Cracker Barrel's cash and cash equivalents increased 6.6% to $161.00 million from $150.97 million in Q4 FY16.

During Q4 FY17, the Company's accounts receivable decreased 6.5% to $18.12 million from $19.39 million in Q4 FY16.

For the reported quarter, Cracker Barrel's inventory increased 2.7% to $156.37 million from $152.31 million in Q4 FY16.

For the reported quarter, the Company's accounts payable decreased 10.6% to $118.40 million from $132.49 million in Q4 FY16.

During Q4 FY17, Cracker Barrel's long-term debt was $400.0 million, at par with the $400.0 million reported in Q4 FY16.

During FY17, the Company's cash provided by operating activities increased 18.1% to $320.77 million from $271.38 million in FY16.

Outlook

For FY18, Cracker Barrel expects total revenue of $3.1 billion and estimates comparable store restaurant sales growth to be in the range of 2.5% to 3.5%. The Company estimates comparable store retail sales growth to be in the range of 0.0% to 1.0% for fiscal 2018.

For FY18, Cracker Barrel expects depreciation expense to be in the range of $95 million to $100 million and net interest expense to be in the range of $16 million to $17 million. The Company expects capital expenditures to be in the range of $150 million to $160 million for fiscal 2018.

For FY18, the Company estimates effective tax rate to be in the range of 31% to 32% and expects diluted EPS to be in the range of $8.85 to $9.00.

Stock Performance

On Friday, September 29, 2017, the stock closed the trading session at $151.62, slightly up 0.81% from its previous closing price of $150.40. A total volume of 401.85 thousand shares have exchanged hands, which was higher than the 3-month average volume of 299.71 thousand shares. Cracker Barrel Old Country Store's stock price surged 2.58% in the last one month and 17.97% in the previous twelve months. The stock is trading at a PE ratio of 18.11 and has a dividend yield of 3.17%. The stock currently has a market cap of $3.62 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily