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Cracker Barrel Old Country Store to report Q1 2017 EPS of $1.75-1.85

Staff Writer |
Cracker Barrel Old Country Store expects to report earnings per share for the first quarter of 2017 of between $1.75 and $1.85.

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For fiscal 2017, the company expects total revenue of between $2.95 billion and $3.00 billion, and earnings per share of between $7.95 and $8.10.

The increased revenue projection for fiscal 2017 reflects the expected opening of seven or eight new Cracker Barrel stores, and projected increases in comparable store restaurant sales and retail sales in a range of 1.0% to 2.0%.

Cracker Barrel projects food commodity deflation in the range of 2.0% to 3.0% for the year. The Company projects an operating income margin of between 9.5% and 10.0% of total revenue for fiscal 2017.

Cracker Barrel Old Country Store expects depreciation expense between $85 million and $87 million; net interest expense of approximately $15 million; and capital expenditures of approximately $125 million.

The company anticipates an effective tax rate for fiscal 2017 of between 31% and 33%.

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