Cracker Barrel Old Country Store, Inc. · NASDAQ:CBRL
Cracker Barrel Old Country Store — Conference 2025
16 slides from Cracker Barrel Old Country Store's conference presentation, Jan 13, 2025
Slide 1: Conference 2025
Conference 2025
Slide 2: Forward-looking statements and safe harbor treatment
Forward-looking statements and safe harbor treatment All statements made by Cracker Barrel Old Country Store, Inc. (“the Company”) in this Presentation and in any commentary provided by the Company’s management in connection herewith other than statements of historical fact are “forward-looking stat
Slide 3: Cracker Barrel is a brand that holds a place in people's hearts
Cracker Barrel is a brand that holds a place in people’s hearts… Since 1969, guests have trusted Cracker Barrel as a destination for genuine service, rich comfort food, and a sense of classic country tradition. For those that love it, it’s a brand that makes people smile, and for many, the place whe
Slide 4: Cracker Barrel by the numbers
44 658 $3.4B ~20% $14.05 ~70K States Stores Revenue Retail Revenue Average restaurant check Employees 4 Note: Data is for FY24. Revenue is on a 52-week basis. Cracker Barrel by the numbers
Slide 5: Outstanding leadership team
Laura Daily Chief Merchant Mgmt Tenure: 13 years Outstanding leadership team Julie Masino Chief Executive Officer Mgmt Tenure: 1 year Chris Edwards Chief Strategy Officer Mgmt Tenure: <1 year Craig Pommells Chief Financial Officer Mgmt Tenure: 3 years Cammie Spillyards-Schaefer Chief Operations Offi
Slide 6: Transformation framework
6 REFINE THE BRAND ENHANCE THE MENU EVOLVE THE STORE & GUEST EXPERIENCE WIN IN DIGITAL & OFF-PREMISE ELEVATE THE EMPLOYEE EXPERIENCE 5 PILLARS DRIVE RELEVANCY DELIVER FOOD & EXPERIENCE GUESTS LOVE GROW PROFITABILITY 3 IMPERATIVES 4 ENABLERS Tech Modernization Transformation System Margin Optimizatio
Slide 7: Building momentum with early wins
Building momentum with early wins REFINE THE BRAND ENHANCE THE MENU EVOLVE THE STORE & GUEST EXPERIENCE WIN IN DIGITAL & OFF-PREMISE ELEVATE THE EMPLOYEE EXPERIENCE Finalize brand positioning & platform Completed comprehensive retail & restaurant guest journey mapping Accelerated menu innovation Str
Slide 8: Menu innovation wins: Strengthening the pipeline
8 Menu innovation wins: Strengthening the pipeline 1) Increasing dinner preference with new craveworthy, ownable items 2) Leaning into breakfast expanding core platforms with new news 3) Upgrading product quality to ensure best-in-class core menu offerings
Slide 9: Expanding the pipeline
Expanding the pipeline Pot Roast & Dumplings 9 Nashville Hot Southern Fried Chicken Dumpling Chips & Skillet Dip Breakfast Patty Melt Sausage & Egg Hashbrown Casserole Fresh Berry Salad
Slide 10: 1Q25 financial results demonstrate progress
1Q25 financial results demonstrate progress Q: How are the green shoots translating into financial results? [Craig] Targeted time: ~1 minute 10 Revenue Growth vs. prior year Q1 Total Revenue $845.1M +2.6% Comp Restaurant Sales vs. prior year Q1 +2.9% +290 bps Comparable store sales outperformed Blac
Slide 11: Transformation expected to deliver meaningful improvement to financial performance
11 Transformation expected to deliver meaningful improvement to financial performance Sales: $3.4B FY24* Adj. EBITDA: $206M Sales: $3.4B to $3.5B FY25 Guidance Adj. EBITDA: $200M to $215M Note*: 52-week basis. Net income for FY24 was $40.9M on a 53-week basis and $35.4M on a 52-week basis. FY27 Guid
Slide 12: Strategic investments will drive value-creating growth
12 Strategic investments will drive value-creating growth Potential Capital Expenditures by Year FY25 FY26 FY27 Baseline Capex $125M $125M $125M Strategic Investments* $35M to $55M $55M to $95M $135M to $175M Total Capex $160M to $180M $180M to $220M $260M to $300M *Strategic investments include two
Slide 13: Jason Bateman, Sean Hayes, Will Arnett
JASON SEAN WILL BATEMAN HAYES ARNETT
Slide 14: 14
14
Slide 15: Thank you!
Thank you! 15
Slide 16: Non-GAAP reconciliation
DENTSU CREATIVE Non-GAAP reconciliation 16 In the accompanying presentation and the below reconciliation tables, the Company makes reference to EBITDA and adjusted EBITDA. The Company defines EBITDA as net income, calculated in accordance with GAAP, excluding depreciation and amortization, interest