Q1 2021 Cracker Barrel Old Country Store Inc Earnings Call Transcript

Feb 06, 2024

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Dec 03, 2020 / 04:00PM GMT
Operator

Good morning, and welcome to the Cracker Barrel Fiscal 2021 First Quarter Earnings Call. (Operator Instructions) Please note that this event is being recorded. Now I'd like to turn the call over to Mr. Adam Hanan, Manager of Investor Relations. Please go ahead.

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

Thank you. Good morning, and welcome to Cracker Barrel's First Quarter Fiscal 2021 Conference Call and Webcast. This morning, we issued a press release announcing our first quarter results. This press release and on this call, we will refer to non-GAAP financial measures for the first quarter ended October 30, 2020. The first quarter non-GAAP financial measures are adjusted to exclude the gain on sale of assets related to the sale-leaseback transaction that occurred during the first quarter, noncash amortization of the asset recognized from the gains on the sale-leaseback transactions, expenses related to the proxy contest initiated by affiliates of Sardar Biglari and the related tax impacts.

The company believes that excluding

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