Cracker Barrel Old Country Store Inc (NAS:CBRL)
$ 56.41 -0.48 (-0.84%) Market Cap: 1.26 Bil Enterprise Value: 2.44 Bil PE Ratio: 31.17 PB Ratio: 2.85 GF Score: 75/100
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Q3 2019 Cracker Barrel Old Country Store Inc Earnings Call Transcript

Jun 04, 2019 / 03:00PM GMT
Release Date Price: $166.88 (+3.62%)
Operator

Good morning and welcome to the Cracker Barrel Fiscal 2019 Third Quarter Earnings Conference Call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to Adam Hannon, Manager of Investor Relations. Please go ahead.

Adam Hannon
Cracker Barrel Old Country Store, Inc. - Manager of IR

Thank you, operator. Good morning and welcome to Cracker Barrel's Third Quarter Fiscal 2019 Conference Call and Webcast. This morning, we issued a press release announcing our third quarter results and our outlook for the 2019 fiscal year. In this press release and on this call, we will refer to non-GAAP financial measures for fiscal 2018 adjusted to exclude the impact of the 53rd week that occurred in our fourth quarter and a onetime noncash revaluation of the company's net deferred tax liability that occurred in our second quarter. The company believes that excluding these tax effects from its financial results provides information that may be more indicative of the company's ongoing operating performance while

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