Cracker Barrel’s Sales on the Rise
Cracker Barrel Old Country Store reported its financial results for the fourth quarter and for the fiscal year ended July 29.
Fourth Quarter Fiscal 2016 Highlights
Compared to the prior year fourth quarter, comparable store restaurant sales increased 3.2 percent, marking the company’s largest quarterly outperformance relative to the casual dining industry in fiscal 2016; comparable store retail sales increased 3.5 percent.
Operating income as a percent of total revenue increased 30 basis points to 10.4 percent.
Full Year Fiscal 2016 Highlights
Comparable store restaurant sales increased 2.2 percent and comparable store retail sales increased 2.7 percent.
Operating income was