Q1 2023 Cracker Barrel Old Country Store Inc Earnings Call Transcript

Feb 06, 2024

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Dec 02, 2022 / 04:00PM GMT
Operator

Good day, and welcome to the Cracker Barrel Fiscal 2023 First Quarter Conference Call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to (inaudible) Vice President of Investor Relations. Please go ahead.

Unidentified Company Representative -

Thank you. Good morning, and welcome to Cracker Barrel's First Quarter Fiscal 2023 Conference Call and Webcast.

This morning, we issued a press release announcing our first quarter results. In this press release and on this call, we will refer to non-GAAP financial measures for the first quarter ended October 28, 2022.

The non-GAAP financial measures are adjusted to exclude the noncash amortization of the asset recognized for the gains on our sale and leaseback transactions, and the related tax impact and expenses related to the proxy contest and settlement in connection with the company's 2022 Annual Meeting of Shareholders.

The company believes that excluding these items from its financial results provides investors with an

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