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Cracker Barrel Old Country Store expects GAAP EPS to be $7.75-$7.85

Staff writer ▼ | June 1, 2016
Cracker Barrel Old Country Store raised its full-year earnings guidance. For fiscal 2016, the company now expects to report GAAP earnings per share of between $7.75 and $7.85, and on an adjusted basis of between $7.45 and $7.55.
Cracker Barrel
Cracker Barrel   Total revenue to be between $2.90 billion and $2.95 billion
Cracker Barrel now expects to report increases in comparable store restaurant and retail sales in the range of 2.0% to 2.5%.

The company noted that it still expects annual total revenue of between $2.90 billion and $2.95 billion, reflecting the expected opening of five new Cracker Barrel stores during the fiscal year.

Cracker Barrel Old Country Store expects to report earnings per share for the fourth quarter of fiscal 2016 of between $2.05 and $2.15. The Company reminds investors that its outlook for fiscal 2016 reflects a number of assumptions, many of which are outside the Company's control. Analysts project fourth-quarter earnings of $2.11 per share

The company announced that its board increased the quarterly dividend to $1.15 per share on the Company's common stock, which represents a 4.5% increase over the Company's previous quarterly dividend of $1.10. The quarterly dividend is payable on August 5, 2016 to shareholders of record on July 15, 2016.

The board also declared a special dividend of $3.25 per share on the company's common stock. The special dividend is payable on July 29, 2016 to shareholders of record on July 15, 2016.