Cracker Barrel Q4 Comp Sales Decline 6.8% Over Q4 2019 - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, Cracker Barrel Old Country Store, Inc. (CBRL) reported that comparable store restaurant sales decreased 6.8%, while comparable store retail sales increased 18.2%, both over the fourth quarter of fiscal 2019.

Meanwhile, comparable store restaurant sales increased 53.5% and comparable store retail sales soared 74.8%, both over the fourth quarter of fiscal 2020.

The Company's Board of Directors declared a quarterly dividend to common shareholders of $1.30 per share, payable on November 9, 2021 to shareholders of record on October 22, 2021. This dividend represents a return to the Company's pre-pandemic quarterly dividend level.

Additionally, the Board of Directors authorized share repurchases up to $100 million of the Company's outstanding common stock.

The Company announced that its Board of Directors declared a regular quarterly dividend of $1.30 per share and authorized share repurchases up to $100 million of the Company's outstanding common stock.

Looking ahead, the Company said it is not providing its customary annual earnings guidance for fiscal 2022 at this time, due to the ongoing business impact and significant uncertainty created by the COVID-19 pandemic, including the nationwide increase in infections of the "Delta variant" of the virus.