Cracker Barrel 2010 Annual Report Download - page 22

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Selected Financial Data
CRACKER BARREL OLD COUNTRY STORE, INC.
(Dollars in thousands except percentages and share data)
For each of the scal years ended
July 30, 2010(a) July 31, 2009(b)(c) August 1, 2008(c)(d) August 3, 2007(c) (e)(f ) July 28, 2006(c)(g)
SELECTED INCOME STATEMENT DATA:
Total revenue $ 2,404,515 $ 2,367,285 $ 2,384,521 $ 2,351,576 $ 2,219,475
Income from continuing operations 85,258 65,957 65,303 75,983 95,501
(Loss) income from discontinued
operations, net of tax — (31) 250 86,082 20,790
Net income 85,258 65,926 65,553 162,065 116,291
Basic net income per share:
Income from continuing operations 3.71 2.94 2.87 2.75 2.23
(Loss) income from discontinued
operations, net of tax — — 0.01 3.11 0.48
Net income per share 3.71 2.94 2.88 5.86 2.71
Diluted net income per share:
Income from continuing operations 3.62 2.89 2.79 2.52 2.07
(Loss) income from discontinued
operations, net of tax — — 0.01 2.71 0.43
Net income per share 3.62 2.89 2.80 5.23 2.50
Dividends declared per share ( h) $ 0.80 $ 0.80 $ 0.72 $ 0.56 $ 0.52
Dividends paid per share $ 0.80 $ 0.78 $ 0.68 $ 0.55 $ 0.51
AS PERCENT OF TOTAL REVENUE:
Cost of goods sold 31.0% 32.3% 32.4% 31.7% 31.8%
Labor and related expenses 37.8 38.7 38.2 38.0 37.6
Impairment and store closing charges 0.1 0.1 — — 0.2
Other store operating expenses 18.2 17.8 17.7 17.4 17.3
Store operating income 12.9 11.1 11.7 12.9 13.1
General and administrative expenses 6.1 5.1 5.4 5.7 5.8
Operating income 6.8 6.0 6.3 7.2 7.3
Income before income taxes 4.8 3.8 3.9 5.0 6.3
SELECTED BALANCE SHEET DATA:
Working capital (decit) (i) $ (73,289) $ (66,637) $ (44,080) $ (74,388) $ (6,280)
Current assets from discontinued operations — — — — 401,222
Total assets 1,292,067 1,245,181 1,313,703 1,265,030 1,681,297
Long-term debt 573,744 638,040 779,061 756,306 911,464
Interest rate swap liability 66,281 61,232 39,618 13,680 7,220
Other long-term obligations (j) 93,781 89,610 83,147 53,819 47,888
Shareholders’ equity 191,617 135,622 92,751 104,123 302,282
SELECTED CASH FLOW DATA:
Purchase of property and equipment, net of
insurance recoveries, from continuing operations $ 69,891 $ 67,842 $ 87,849 $ 96,447 $ 89,167
Share repurchases 62,487 — 52,380 405,531 704,160
SELECTED OTHER DATA:
Common shares outstanding at end of year 22,732,781 22,722,685 22,325,341 23,674,175 30,926,906
Cracker Barrel stores open at end of year 593 588 577 562 543
AVEGE UNIT VOLUMES (k):
Cracker Barrel restaurant $ 3,226 $ 3,209 $ 3,282 $ 3,339 $ 3,248
Cracker Barrel retail 832 841 898 917 876
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