Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q3 2022 Results Conference Call June 7, 2022 11:00 AM ET
Company Participants
Jessica Hazel - IR
Sandy Cochran - President and CEO
Craig Pommells - SVP and CFO
Jennifer Tate - SVP and CMO
Conference Call Participants
Jeff Farmer - Gordon Haskett
Alton Stump - Loop Capital
Todd Brooks - The Benchmark Company
Brett Levy - MKM Partners
Sara Senatore - Bank of America
Brian Mullan - Deutsche Bank
Jon Tower - Wells Fargo
Operator
Good morning, and welcome to the Cracker Barrel Fiscal 2022 Third 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, Investor Relations. Please go ahead.
Jessica Hazel
Thank you. Good morning, and welcome to Cracker Barrel's third quarter fiscal 2022 conference call and webcast.
This morning, we issued a press release announcing our third quarter results. In this press release and on this call, we will refer to non-GAAP financial measures for the third quarter ended April 29, 2022. The third quarter 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 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, Jennifer Tate. Sandy and Jen will provide business and initiative updates and Craig will review the third quarter 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, particularly in the current environment. 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.