Cracker Barrel 2008 Annual Report Download - page 36

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C B R L G R O U P, I N C .
Selected Financial Data
(Dollars in thousands except share data)
For each of the fiscal years ended
August 1, 2008(a)(b) August 3, 2007(b)(c)(d) July 28, 2006(b)(e) July 29, 2005(b)(f) July 30, 2004(b)(g)
SELECTED INCOME STATEMENT DATA:
Total revenue $ 2,384,521 $ 2,351,576 $ 2,219,475 $ 2,190,866 $ 2,060,463
Income from continuing operations 65,303 75,983 95,501 105,363 93,260
Income from discontinued operations, net of tax 250 86,082 20,790 21,277 18,625
Net income 65,553 162,065 116,291 126,640 111,885
Basic net income per share:
Income from continuing operations 2.87 2.75 2.23 2.20 1.91
Income from discontinued operations, net of tax 0.01 3.11 0.48 0.45 0.38
Net income per share 2.88 5.86 2.71 2.65 2.29
Diluted net income per share:
Income from continuing operations 2.79 2.52 2.07 2.05 1.78
Income from discontinued operations, net of tax 0.01 2.71 0.43 0.40 0.34
Net income per share 2.80 5.23 2.50 2.45 2.12
Dividends paid per share(h) $ 0.68 $ 0.55 $ 0.51 $ 0.47 $ 0.33
AS PERCENT OF REVENUES:
Cost of goods sold 32.4% 31.7% 31.8% 32.7% 33.0%
Labor and related expenses 38.2 38.0 37.6 37.5 37.6
Impairment and store closing charges — — 0.2 — —
Other store operating expenses 17.7 17.4 17.3 16.9 16.5
Store operating income 11.7 12.9 13.1 12.9 12.9
General and administrative expenses 5.4 5.7 5.8 5.2 5.4
Operating income 6.3 7.2 7.3 7.7 7.5
Income before income taxes 3.9 5.0 6.3 7.3 7.1
SELECTED BALANCE SHEET DATA:
Working capital (deficit)(i) $ (44,080) $ (74,388) $ (6,280) $ (80,060) $ (20,808)
Current assets from discontinued operations — — 401,222 362,656 322,642
Total assets 1,313,703 1,265,030 1,681,297 1,533,272 1,435,704
Long-term debt 779,061 756,306 911,464 212,218 185,138
Other long-term obligations(j) 122,842 67,499 55,128 38,862 28,411
Shareholders’ equity 92,751 104,123 302,282 869,988 873,336
SELECTED CASH FLOW DATA:
Purchase of property and equipment,
net of insurance recoveries, from
continuing operations $ 87,849 $ 96,447 $ 89,167 $ 124,624 $ 108,216
Share repurchases 52,380 405,531 704,160 159,328 69,206
SELECTED OTHER DATA:
Common shares outstanding at end of year 22,325,341 23,674,175 30,926,906 46,619,803 48,769,368
Cracker Barrel stores open at end of year 577 562 543 529 504
AVERAGE UNIT VOLUMES(k):
Cracker Barrel restaurant $ 3,282 $ 3,339 $ 3,248 $ 3,291 $ 3,217
Cracker Barrel retail 898 917 876 959 988
COMPARABLE STORE SALES(l):
Period to period increase (decrease)
in comparable store sales:
Cracker Barrel restaurant 0.5% 0.7% (1.1)% 3.1% 2.0%
Cracker Barrel retail (0.3) 3.2 (8.1) (2.7) 5.3
Memo: Number of Cracker Barrel stores
in comparable base 531 507 482 466 445
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