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Cracker Barrel Old Country Store Q3 sales declined 41.7%

Christian Fernsby ▼ | June 3, 2020
Cracker Barrel Old Country Store reported its financial results for the third quarter ended May 1, 2020.
Cracker Barrel Old Country Store
Cracker Barrel Old Country Store   Comparable restaurant sales declined 41.7%
For the third quarter of fiscal 2020, when compared to the comparable period in 2019, comparable restaurant sales declined 41.7% and comparable store retail sales declined 45.5%.

Topics: Cracker Barrel Old Country Store

All Cracker Barrel stores have remained open. However, all stores were operating in an off-premise-only model with no dine-in service from late March through late April, with incremental dine-in openings initiating thereafter.

For the week ending May 29, 2020, when compared to the comparable period in 2019, comparable store restaurant sales for stores with limited dine-in service decreased approximately 32%.

As of May 29, 2020, 505 stores had limited dine-in service, and the Company expects that substantially all stores will have limited dine-in service by the end of June.


 

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