Stressed businessman feeling desperate on crisis stock market, investment concept.gettyThese unloved stocks yield between 6.9% and 21.4%. These are big dividends, but not the main reason we are discussing this ignored five today.Each of these names is so unliked by the Wall Street suits that they have serious upside potential.How could that be?These shares are heavily sold short.Short selling is a way to bet against a stock. To do so, one must borrow the shares and sell them today. In hopes of buying back a ...

I went hunting for income earlier this week, somewhat out of necessity. Allow me a chance to explain.Over the past couple of years, I haven't had a problem parking my idle cash in a money market fund. With current yields above 5% -- and until recently rising -- it was a logical place to ride out the market volatility beyond my highest conviction stocks.However, with fixed income rates starting to head lower and likely to continue, I was looking to move some of that allocation back into income-generating sto ...

Financial Data and Key Metrics Changes - Total revenue for Q1 was $823.8 million, with adjusted operating income margin at 2.3% [12][20] - GAAP earnings per diluted share were $0.25, while adjusted earnings per diluted share were $0.51 [7][20] - Adjusted EBITDA was $45.7 million, representing 5.5% of total revenue [7] Business Line Data and Key Metrics Changes - Restaurant revenue decreased by 0.2% to $660.8 million, while retail revenue decreased by 8% to $163 million compared to the prior year [20] - Comparable store sales declined by 0.5% year-over-year, with retail comparable store sales down by 8.1% [20] - Off-premise sales accounted for approximately 17.5% of restaurant sales, with catering business growing over 50% year-over-year [20] Market Data and Key Metrics Changes - The retail environment remains challenging, with sales declines across most categories, attributed to lower restaurant traffic and price-conscious guests [13] - Labor and related expenses were 37% of revenue, up from 34.8% in the prior year, driven by investments in additional labor hours [21] Company Strategy and Development Direction - The company is focused on enhancing guest experience and operational efficiency, with investments in marketing and labor to drive traffic [8][17] - A strategic transformation initiative is underway to refine brand strategies and improve profitability, with a focus on evolving the business model [28][51] - The Cracker Barrel Rewards loyalty program is expected to be a key differentiator and traffic driver, with positive guest response and enrollment exceeding expectations [6][19] Management's Comments on Operating Environment and Future Outlook - The operating environment is described as uncertain and mixed, with some positives such as moderating inflation and resilient consumer behavior, but also caution due to declining consumer sentiment [9] - The company anticipates full-year revenue of $3.4 billion to $3.5 billion, with pricing expected to moderate sequentially throughout the year [47] Other Important Information - The company declared a quarterly dividend of $1.30 per share, payable on February 13, 2024 [46] - The effective tax rate for the first quarter was 15.7% GAAP and 19.9% adjusted [7] Q&A Session Summary Question: Can you provide context around expectations for the consumer and the macro environment? - Management noted that while the consumer is pressured, they are still dining out and making choices, with a focus on effective communication to remain top of mind [32] Question: What are the traffic trends and expectations for the rest of the year? - Traffic for Q1 was negative 7.1%, but there are signs of improvement with sequential monthly increases noted [66] Question: How is the company managing its retail inventory and sales performance? - The company is managing inventory levels effectively, focusing on profitability rather than top-line growth in the retail segment [63] Question: What are the expectations for commodity inflation and its impact on margins? - The company expects mild commodity inflation for the rest of the year, with some cost pressures anticipated [88] Question: Can you elaborate on the marketing strategies and their effectiveness? - Increased media spend and refined messaging have resulted in positive returns, particularly in local TV and sports advertising [85]

Capital Expenditures and Proceeds from Sale of Property and Equipment | --- | --- | --- | |------------------------|------------------------------|----------------------------| | | Quarter \nOctober 27, 2023 | Ended \nOctober 28, 2022 | | Effective tax rate | | 15.7% 14.7% | Interest Rate Risk. We have interest rate risk relative to our outstanding borrowings under our revolving credit facility. At October 27, 2023, our outstanding borrowings totaled $180,000 under our 2022 Revolving Credit Facility (see No ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 28, 2023 OR Cracker Barrel Old Country Store, Inc. (Exact name of registrant as specified in its charter) 305 Hartmann Drive 37087-4779 Lebanon, Tennessee (Address of principal executive offices) (Zip code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ( ...

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q4 2023 Results Conference Call September 13, 2023 11:00 AM ET Company Participants Kaleb Johannes - VP, IR Sandy Cochran - President and CEO Julie Felss Masino - CEO Elect Craig Pommells - SVP and CFO Conference Call Participants Jeff Farmer - Gordon Haskett Todd Brooks - The Benchmark Company Katherine Griffin - Bank of America Jake Bartlett - Truist Securities Dennis Geiger - UBS Alton Stump - Loop Capital Andrew Wolf - CL King Operator Good day, and w ...

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q3 2023 Results Conference Call June 6, 2023 11:00 AM ET Company Participants Kaleb Johannes - VP, IR Sandy Cochran - President, CEO Craig Pommells - SVP, CFO Jen Tate - SVP, CMO Conference Call Participants Katherine Griffin - Bank of America Jeff Farmer - Gordon Haskett Dennis Geiger - UBS Andrew Wolf - CL King Jake Bartlett - Truist Securities Todd Brooks - The Benchmark Company Operator Good morning and welcome to the Cracker Barrel Third Quarter 2023 ...

13 Index The following table summarizes supplemental cash flow information and non-cash activity related to the Company's operating leases for the quarters and nine months ended April 28, 2023 as compared to the same periods in the prior year: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|-------|----------------------------|-------|--------------------|-------|------------------------ ...

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q2 2023 Earnings Conference Call February 28, 2023 11:00 AM ET Company Participants Kaleb Johannes - VP, IR and Business Transformation Sandy Cochran - President and CEO Craig Pommells - SVP and CFO Jennifer Tate - SVP and Chief Marketing Officer Conference Call Participants Jeff Farmer - Gordon Haskett Todd Brooks - The Benchmark Company Alton Stump - Loop Capital Katherine Griffin - Bank of America Jake Bartlett - Truist Securities Andrew Wolf - CL King ...

Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑ CRACKER ...