Cracker Barrel Old Ctry Store (NASDAQ:CBRL)
CAPS Rating:
A holding company, through its subsidiaries, is engaged in the operation and development of the Cracker Barrel Old Country Store(r) restaurant and retail concept.
A holding company, through its subsidiaries, is engaged in the operation and development of the Cracker Barrel Old Country Store(r) restaurant and retail concept.
Recs
Thumbin down this cracker one more time. Recently beat estimates with a $200M EBITDA, but only $19M levered free cash flow. Debt of $800M is weighing them down. $400M market cap. Declining same store sales will continue through next quarter and take a big bite out of profits. Don't know the details, but suspect their debt covenants are under pressure.