Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q2 2023 Earnings Conference Call February 28, 2023 11:00 AM ET
Company Participants
Kaleb Johannes - VP, IR and Business Transformation
Sandy Cochran - President and CEO
Craig Pommells - SVP and CFO
Jennifer Tate - SVP and Chief Marketing Officer
Conference Call Participants
Jeff Farmer - Gordon Haskett
Todd Brooks - The Benchmark Company
Alton Stump - Loop Capital
Katherine Griffin - Bank of America
Jake Bartlett - Truist Securities
Andrew Wolf - CL King
Operator
Good day and welcome to the Cracker Barrel Fiscal 2023 Second Quarter Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Kaleb Johannes, Vice President, Investor Relations and Business Transformation. Please go ahead.
Kaleb Johannes
Thank you. Good morning, and welcome to Cracker Barrel's second quarter fiscal 2023 conference call and webcast. This morning, we issued a press release announcing our second quarter results. In this press release and on the call, we'll refer to non-GAAP financial measures for the second quarter ended January 27, 2023. The non-GAAP financial measures are adjusted to exclude the non-cash amortization of the assets recognized from the gain on our sales and leaseback transactions and the related tax impacts.
The company believes that excluding these items from the financial results provides investors with an enhanced understanding of the company's financial performance. This information is not intended to be considered in isolation or as a substitute for net income or earnings per share information prepared in accordance with GAAP. The last page of the press release include reconciliations from the non-GAAP information to the GAAP financials.
On the call with me this morning are Cracker Barrel's President and CEO, Sandy Cochran; Senior Vice President and CFO, Craig Pommells and Senior Vice President and CMO, Jen Tate. Sandy and Craig will provide a review of the business, financials and outlook. We will then open up the call for questions for Sandy, Craig and Jen.
On this call, statements may be made by management of their beliefs and expectations regarding the company's future operating results or expected future events. These are known as forward-looking statements, which involve risks and uncertainties that, in many cases, are beyond management's control or may cause actual results to differ materially from expectations. We caution our listeners and readers in considering forward-looking statements and information. Many of the factors that could affect results are summarized in the cautionary description of risks and uncertainties found at the end of the press release and are described in detail in our reports that we filed with or furnished to the SEC.