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Cracker Barrel Old Country Store Inc (CBRL) Q2 2021 Earnings Call Transcript


Operator
I would now like to turn the conference over to Adam Hanan. Please go ahead.
Adam Hanan
Manager of Investor Relations
Thank you. Good morning, and welcome to Cracker Barrel s Second Quarter Fiscal 2021 Conference Call and Webcast. This morning, we issued a press release announcing our second quarter results. In this press release and on this call, we will refer to non-GAAP financial measures for the second quarter ended January 29, 2021. The second quarter non-GAAP financial measures are adjusted to exclude the noncash amortization of the asset recognized from the gains on our sale-leaseback transactions and the related tax impact. The company believes that excluding these items from its financial results provides investors with an enhanced understanding of the company s financial performance. This information is not intended to be considered in isolation or as a substitute for net income or earnings per share information prepared in accordance with GAA ....

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Sunday opening lifts Maple Street sales; Patriot approves $3 special dividend | Jax Daily Record | Jacksonville Daily Record


When Cracker Barrel Old Country Store Inc. bought Maple Street Biscuit Company last year, it promised not to tamper with the successful formula of the restaurant chain founded in Jacksonville.
However, the company did make one change that is having a positive impact: opening Maple Street restaurants on Sundays.
Cracker Barrel did not report sales data for Maple Street when the company reported earnings last week for its first quarter ended Oct. 30.
However, in the company’s conference call with analysts, CEO Sandy Cochran said Maple Street’s comparable-store sales (sales at stores open for more than one year) were about 20% higher than a year ago. ....

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