CBRL Investor presentation
CBRL Investor presentationCBRL Investor presentation
CBRL Investor presentation
Fall 2016
Fall 2016Fall 2016
Fall 2016
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Cracker Barrel Investor Presentation: Brand, Sales, and Growth Strategy, Study notes of Business
An investor presentation by Cracker Barrel Old Country Store, Inc. discussing the company's brand, sales by daypart, store experience, menu offerings, and growth strategy. The presentation covers topics such as the Cracker Barrel brand history, store experience, sales growth, operating income, and stock performance.
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CBRL Investor presentationCBRL Investor presentationCBRL Investor presentationCBRL Investor presentation
Fall 2016Fall 2016Fall 2016Fall 2016
SafeSafeSafeSafe H
HHHarbor statement
arbor statementarbor statementarbor statement
Cracker Barrel Old Country Store, Inc. (
“
the Company
”
) urges caution in considering current trends and earnings guidance disclosed in this presentation. Except for specific
historical information, matters discussed in this presentation are forward-looking statements that involve risks, uncertainties and other factors that may cause actual resultsand performance of the Company to differ materially from those expressed or implied in this discussion. All forward-looking information is provided pursuant to the safeharbor established under the Private Securities Litigation Reform Act of 1995.More detailed information on risks, uncertainties, and other factors is provided in the Company
’
s filings with the Securities and Exchange Commission, press releases and
other communications.Reconciliations of non-GAAP financial disclosures to comparable GAAP measures found in this presentation may be viewed on the Company’s website, crackerbarrel.com.Assume all numbers presented are unaudited unless noted.
Our brand isOur brand isOur brand isOur brand is unique
uniqueuniqueunique and differentiated
and differentiatedand differentiatedand differentiated
Nostalgic Homemade authenticity Relaxing, fun & family friendly Affordable quality Home away from home Southern country heritage
The storeThe storeThe storeThe store e
e
e
experience
xperiencexperiencexperience
Our typical store…Our typical store…Our typical store…Our typical store…
Serves over 950 guests Serves over 950 guests
Serves over 950 guests Serves over 950 guests a
a
a a day
daydayday
Employs over 100 people Employs over 100 people
Employs over 100 people Employs over 100 people
Open 114 Open 114
Open 114 Open 114 hours
hours
hours hours a week,
a week,
a week, a week, 364 days per year
364 days per year364 days per year364 days per year
Broad Broad
Broad Broad menu including breakfast
menu including breakfast
menu including breakfast menu including breakfast all day
all dayall dayall day and lunch/dinner
and lunch/dinnerand lunch/dinnerand lunch/dinner options
optionsoptionsoptions after
afterafterafter
11:00 am 11:00 am
11:00 am 11:00 am
Scratch cooking with fresh ingredients Scratch cooking with fresh ingredients
Scratch cooking with fresh ingredients Scratch cooking with fresh ingredients
Revenue averages approximately $4. Revenue averages approximately $4.
Revenue averages approximately $4. Revenue averages approximately $4.6 million
million
million million per store
per store
per store per store
80% restaurant
20% retail consisting of 4,000 SKUs per store
… and we have 640 stores with over 70,000 employees… and we have 640 stores with over 70,000 employees… and we have 640 stores with over 70,000 employees… and we have 640 stores with over 70,000 employees
We have widened our gap to the casual dining industryWe have widened our gap to the casual dining industryWe have widened our gap to the casual dining industryWe have widened our gap to the casual dining industry
We Continue to Drive Significant Improvements in Operating IncomeWe Continue to Drive Significant Improvements in Operating IncomeWe Continue to Drive Significant Improvements in Operating IncomeWe Continue to Drive Significant Improvements in Operating Incomeand Marginand Marginand Marginand Margin
Note: GAAP Data. See respective Earnings Releases for GAAP and Adjusted.
10.0%9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0% 0.0%
$300$280$260$240$220$200$180$160$140$120$
FY
FY
FY
FY
FY
FY
Operating Margin (% of Sales)
Operating Income ($M)
Operating Income
Operating Margin
CapEx
$355-$
Share repurchases
(Dilution offset)
Dividends
Reinvesting in the business
Return $355 to
$385 million to
shareholders
Cash
Generation
FY 2015
Beginning Cash
Balance
We are committed to Maintaining a balanced approach to capitalWe are committed to Maintaining a balanced approach to capitalWe are committed to Maintaining a balanced approach to capitalWe are committed to Maintaining a balanced approach to capitalallocation…allocation…allocation…allocation…
FY 2017
Ending Cash
Balance
($Millions)
FY15FY15FY15FY15-
-FY
FY17FY17FY
StrategicStrategicStrategicStrategic
planplanplanplan
Quarterly Dividend per Share Since Announcement of Strategic Priorities
- 100. - 100. - 102. - 105. - 100. - 101. - 102. - 101. - 100. - 101. - FY - FY - FY - FY - FY - FY - $0. - $0. - $0. - $0.- $0.
- $1. - 26-May- - 13-Sep- - 26-Apr- - 19-Sep- - 03-Jun- - 01-May-- $1. > 420% Increase - 02-Jun- - Quarterly dividends per share shown at declared dates of increases to quarterly dividend since 26-May-2011, which represents dividend per share prior to announcement of Strategic Priorities on 13-Sep-2011. Latest declared quarterlydividend was $1.15 on 26-Sep- (1)
- $1. - 01-Jun-