Cracker Barrel 2013 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2013 Cracker Barrel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 58

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58

Selected Financial Data
CRACKER BARREL OLD COUNTRY STORE, INC.
(Dollars in thousands except percentages and share data)
For each of the scal years ended
August 2, 2013(a) August 3, 2012(b) July 29, 2011(c) July 30, 2010(d) July 31, 2009(e)(f )
SELECTED INCOME STATEMENT DATA:
Total revenue $ 2,644,630 $ 2,580,195 $ 2,434,435 $ 2,404,515 $ 2,367,285
Income from continuing operations 117,265 103,081 85,208 85,258 65,957
Net income 117,265 103,081 85,208 85,258 65,926
Net income and income from continuing operations per share:
Basic 4.95 4.47 3.70 3.71 2.94
Diluted 4.90 4.40 3.61 3.62 2.89
Dividends declared per share 2.25 1.15 0.88 0.80 0.80
Dividends paid per share 1.90 0.97 0.86 0.80 0.78
AS PERCENT OF TOTAL REVENUE:
Cost of goods sold 32.3% 32.1% 31.7% 31.0% 32.3%
Labor and related expenses 36.5 36.8 37.1 37.8 38.7
Other store operating expenses 18.2 18.0 18.6 18.2 17.8
Store operating income 13.0 13.1 12.6 13.0 11.2
General and administrative expenses 5.4 5.7 5.7 6.1 5.1
Impairment and store dispositions, net — — — 0.1 0.1
Operating income 7.6 7.4 6.9 6.8 6.0
Income before income taxes 6.3 5.7 4.8 4.8 3.8
SELECTED BALANCE SHEET DATA:
Working capital (decit) $ (13,873) $ 18,249 $ (21,188) $ (73,289) $ (66,637)
Total assets 1,388,306 1,418,992 1,310,884 1,292,067 1,245,181
Current interest rate swap liability — 20,215 — — —
Long-term debt 400,000 525,036 550,143 573,744 638,040
Long-term interest rate swap liability 11,644 14,166 51,604 66,281 61,232
Other long-term obligations 120,073 114,897 105,661 93,822 89,670
Shareholders’ equity 484,026 382,675 268,034 191,617 135,622
SELECTED CASH FLOW DATA:
Purchase of property and equipment, net $ 73,961 $ 80,170 $ 77,686 $ 69,891 $ 67,842
Share repurchases 3,570 14,923 33,563 62,487 —
SELECTED OTHER DATA:
Common shares outstanding at end of year 23,795,327 23,473,024 22,840,974 22,732,781 22,722,685
Stores open at end of year 624 616 603 593 588
AVEGE UNIT VOLUMES (g):
Restaurant $ 3,390 $ 3,369 $ 3,234 $ 3,226 $ 3,209
Retail 869 863 837 832 841
COMPABLE STORE SALES (h):
Period to period increase (decrease)
in comparable store sales:
Restaurant 3.1% 2.2% 0.2% 0.8% (1.7)%
Retail 2.9 1.6 0.7 (0.9) (5.9)
Memo: Number of stores in comparable base 596 591 583 569 550
12