Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q4 2022 Earnings Conference Call September 27, 2022 11:00 AM ET
Company Participants
Sandy Cochran - President and CEO
Craig Pommells - SVP and CFO
Jennifer Tate - SVP and CMO
Jessica Hazel - IR
Conference Call Participants
Brian Mullan - Deutsche Bank Research
Alton Stump - Loop Capital Markets
Jeff Farmer - Gordon Haskett Research Advisors
Katherine Griffin - Bank of America Securities
Jake Bartlett - Truist Securities
Jon Tower - Citi Research
Todd Brooks - The Benchmark Company
Operator
Good morning, and welcome to the Cracker Barrel Fiscal 2022 Fourth Quarter Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Jessica Hazel. Please go ahead.
Jessica Hazel
Thank you. Good morning, and welcome to Cracker Barrel's fourth quarter fiscal 2022 conference call and webcast.
This morning, we issued a press release announcing our fourth quarter and full year results. In this press release and on this call, we will refer to non-GAAP financial measures for the fourth quarter and fiscal year ended July 29, 2022. The non-GAAP financial measures are adjusted to exclude the noncash amortization of the asset recognized from the gains on our sale and leaseback transactions and the related tax impacts.
The Company believes that excluding these items from its 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 pages of this 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 and 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 file with or furnished to the SEC.