Cracker barrel store 12. Stock to watch: Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) 2019-03-06

Cracker barrel store 12 Rating: 9,9/10 431 reviews

Hot Dog! Cracker Barrel Rialto Reveals Opening Date, Plus Another Store in SoCal

cracker barrel store 12

So whether it's a travel guest, who might be looking for different kind of items in your core guest at other times of the year. I start my day with the real thing. These Cracker Barrel favorites include signature items such as our chicken and dumplings, country fried steak and Grandma's Sampler. Jeff Farmer -- Gordon Heskett -- Analyst And then just last quick question. Jeff Farmer -- Gordon Heskett -- Analyst Great.

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Cracker Barrel Old Country Store Inc (CBRL) Q3 2019 Earnings Call Transcript

cracker barrel store 12

You'll recognize this booming spot as the home of the Camarillo Outlets, which is about 55 miles northwest of Los Angeles. Adam Hanan -- Manager-Investor Relations Good morning, and welcome to Cracker Barrel's Second Quarter Fiscal 2019 Conference Call and Webcast. With that said, we'll be having the national launch here in May, and we'll be supporting it with some additional labor, some marketing and so there'll be a lot of focus on it. The commodity environment is, we've already talked about that in the context of pork and that's going to be one, we're going to have to just navigate through wage inflation, of course, that's one of those double-edged on the one hand, it is an immediate increase in the pricing to us, what we hope is, if that translate to higher disposable income to our guests and that will help us in some cases. Operator And our next question comes from Stephen Anderson with Maxim Group. So our retail team were over a year out as they think about the assortment that they're going to sort of have in the store at any one-time -- the core of the center of the store theme business changes perhaps something like 30 times a year and we try to keep that assortment sort of topical, fresh and to provide new news for our guests.

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Breakfast, Lunch, and Dinner Restaurant in Knoxville, TN

cracker barrel store 12

The Company believes that excluding these tax benefits from its financial results provides information that may be more indicative of the Company's ongoing operating performance, while improving comparability to prior periods. I was pleased in the quarter with the success of our promotion that country fried turkey really resonated with our guests; it was unique, it was delicious, it had strong both brand appeal and value scores. So longer-term, I'm encouraged by the initial response to this initiative. Jake Bartlett -- Suntrust Robinson Humphrey -- Analyst Got it. And then I think going back to, I can't remember whose question it was on the pork contracting in to next year. And Sandy, you haven't really talked a whole lot about the opportunity within third-party delivery.

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Breakfast, Lunch, and Dinner Restaurant in Knoxville, TN

cracker barrel store 12

Our internally generated cash, along with cash on hand at August 3, 2018, was sufficient to finance all of our growth, dividend payments, working capital needs and other cash payment obligations in the first nine months of 2019. Wooden rocking chairs line the front porch. We'll look at what that rollout schedule looks like, but that investment allows us to leverage the tablets. We continue to expect increased food commodity costs on a constant mix basis of approximately 2% for the fiscal year. Except as may be required by law, we have no obligation or intention to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this report or to reflect the occurrence of unanticipated events.

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Cracker Barrel Old Country Store, Inc. (CBRL) Q2 2019 Earnings Conference Call Transcript

cracker barrel store 12

I'm trying to understand -- the 2019 same-store sales guidance for the restaurants implies a pretty sharp deceleration in the back half, I think just at the midpoint of guidance about just slightly positive. Results from state tests are expected this week. We continued to be focused on the delivery of our 2019 priorities. So our marketing and media is focused on capturing the travel guest. All those who've had to parse out savory pit stops at the Victorville Cracker Barrel can rest easy. Don Hoffman -- Senior Vice President, Marketing Sure. We are pleased with the quarter as a whole, as we continue to make progress in driving performance through an increased focus on our menu, the guest experience and the continued expansion of our off-premise business.

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Stock to watch: Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL)

cracker barrel store 12

For example, when you search for a film, we use your search information and location to show the most relevant cinemas near you. So, I'm pleased with it. Its vegetables and side dishes include whole kernel corn, sweet whole baby carrots, pinto beans, turnip greens and steak fries. The Crafted Coffee initiative, I think that works particularly well in the cold months. Jill, is there any other ones that you want to talk about? This amount includes applicable customs duties, taxes, brokerage and other fees. You should never invest money that you cannot afford to lose.

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Hot Dog! Cracker Barrel Rialto Reveals Opening Date, Plus Another Store in SoCal

cracker barrel store 12

Clearly, the biggest piece of it was our overall wage inflation of 3. And then lastly just touching on your, on the kind of your value initiative, the daily delights that helped in the first quarter, do you plan on running that again promoting that nationally or across the system on television in the back-half at some point or -- if not, kind of maybe if you can describe why? Yeah, that's a great question. This reduction in CapEx guidance reflects updated expectations for the timing of initiatives, some of which we have delayed due to the prioritization of our Signature Fried Chicken initiative, as well as the timing of new unit openings. Still based in Tennessee, where it was founded 50 years ago, Cracker Barrel pursues a Southern theme in its food and its country store. To differentiate it from our homestyle, which is a boneless offering which we currently offer -- which we currently serve only on Sundays, some people call it our Sunday Chicken. Bob Derrington -- Telsey Advisory -- Analyst Does that tie in or play into the rollout of the chicken product, is that expected to be a nice contributor to that? Stephen Anderson -- Maxim Group -- Analyst Okay.

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Hot Dog! Cracker Barrel Rialto Reveals Opening Date, Plus Another Store in SoCal

cracker barrel store 12

And then we talked about the fact that we have shifted some of our advertising, so advertising was lower in the second quarter and we'll see some of that spending in the back-half, specifically in the fourth quarter with the launch of our bone-in fried chicken. Operator Our next question is a follow-up from Stephen Anderson of Maxim Group. Today, the couple's son, , is still in charge of for new restaurant locations. Yeah, that's a great question. Our restaurant revenue increased 4. Gregory Francfort -- Bank of America Merrill Lynch Research -- Analyst Hey.

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Cracker Barrel Old Country Store 11030 W Interstate 10 San Antonio, TX Gift Shops

cracker barrel store 12

But I'm just curious to what degree will it slow; could this be cut in half, just any color there would be helpful. While the line did not sell any cheeses, Kraft was concerned that customers would get confused by the two similarly named brands. Food will be thrown out, and equipment won't be used elsewhere until cleaned and tested. We continue to monitor food commodity inflation and wage inflation, which represent potential headwinds in the fourth quarter. Alton Stump -- Longbow Research -- Analyst Okay.

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