$CBRL

CBRL GROUP INC

CIK:0001067294|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jul. 31, 2026	Aug. 01, 2025	Aug. 02, 2024
CONSOLIDATED STATEMENTS OF INCOME
Total revenue	$ 3,318,714	$ 3,483,684	$ 3,470,762
Cost of goods sold (exclusive of depreciation and rent)	1,026,250	1,081,029	1,087,631
Labor and other related expenses	1,237,314	1,254,668	1,271,555
Other store operating expenses	846,189	855,389	831,763
General and administrative expenses	210,579	217,510	207,062
Gain on sale and leaseback transactions, net	(47,421)
Impairment and store closing costs	31,234	20,059	22,942
Loss on sale of business assets	27,039		4,690
Operating income (loss)	(12,470)	55,029	45,119
Gain on extinguishment of debt		(3,186)
Litigation settlement income	(47,422)
Interest expense, net	14,379	20,489	20,933
Income before income taxes	20,573	37,726	24,186
Income tax benefit	(11,102)	(8,653)	(16,744)
Net income	$ 31,675	$ 46,379	$ 40,930
Net income per share:
Basic (in dollars per share)	$ 1.42	$ 2.08	$ 1.84
Diluted (in dollars per share)	$ 1.4	$ 2.06	$ 1.83
Weighted average shares:
Basic (in shares)	22,334,203	22,252,034	22,191,961
Diluted (in shares)	22,545,123	22,463,943	22,319,894

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2026	Aug. 01, 2025	Aug. 02, 2024
Cash flows from operating activities:
Net income	$ 31,675	$ 46,379	$ 40,930
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	123,105	122,238	111,746
Amortization of debt issuance costs	2,596	1,877	1,752
Gain on extinguishment of debt		(3,186)
Loss on disposition of property and equipment	12,198	8,591	9,143
Gain on sale and leaseback transaction, net	(47,421)
Impairment	21,968	19,772	17,448
Goodwill impairment			4,690
Loss on sale of business assets	27,039		4,690
Share-based compensation	9,450	11,742	10,298
Noncash lease expense	58,293	60,712	59,523
Amortization of asset recognized from gain on sale and leaseback transactions	12,735	12,735	12,735
Changes in assets and liabilities:
Accounts receivable	(947)	4,342	(7,477)
Income taxes receivable	11,644	(2,938)	(7,820)
Inventories	15,993	373	8,406
Prepaids and other current assets	7,639	(8,859)	(867)
Other assets	(6,003)	(1,002)	(3,566)
Accounts payable	(17,111)	7,560	(3,196)
Current operating lease liabilities	(2,323)	1,111	3,501
Taxes withheld and accrued	1,031	1,099	2,598
Accrued employee compensation	3,383	5,684	(4,448)
Accrued employee benefits	670	1,299	4,059
Deferred revenues	2,686	2,071	(7,528)
Other current liabilities	11,619	3,455	(6,583)
Long-term operating lease liabilities	(59,473)	(61,119)	(62,566)
Other long-term liabilities	736	(2)	(7,254)
Deferred income taxes	(14,978)	(15,035)	(6,544)
Net cash provided by operating activities	206,204	218,899	168,980
Cash flows from investing activities:
Purchase of property and equipment	(117,782)	(159,144)	(128,295)
Proceeds from insurance recoveries of property and equipment	2,461	497	834
Proceeds from sale of property and equipment, net	81,101	1,945	3,134
Net cash used in investing activities	(34,220)	(156,702)	(124,327)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	407,000	548,500	406,500
Principal payments under long-term debt	(407,000)	(728,575)	(346,575)
Net proceeds from settlement of bond hedge and warrants		52
Repayment of convertible senior notes	(150,000)	(145,875)
Proceeds from issuance of convertible senior notes		335,238
Payment for capped call option related to convertible senior notes		(16,491)
Taxes withheld from issuance of share-based compensation awards	(1,943)	(1,448)	(1,608)
Deferred financing costs		(2,892)
Dividends on common stock	(23,149)	(23,098)	(116,082)
Net cash used in financing activities	(175,092)	(34,589)	(57,765)
Net increase (decrease) in cash and cash equivalents	(3,108)	27,608	(13,112)
Cash and cash equivalents, beginning of period	39,643	12,035	25,147
Cash and cash equivalents, end of period	36,535	39,643	12,035
Cash paid during the period for:
Interest, net of amounts capitalized	10,601	17,242	18,484
*Supplemental schedule of non-cash investing and financing activities:**
Capital expenditures accrued in accounts payable	3,456	9,323	9,499
Dividends declared but not yet paid	$ 6,629	$ 7,117	$ 7,435

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2026	Aug. 01, 2025
Current Assets:
Cash and cash equivalents	$ 36,535	$ 39,643
Accounts receivable	36,942	35,070
Income taxes receivable	1,176	12,820
Inventories	163,874	180,585
Prepaid expenses and other current assets	37,355	44,994
Total current assets	275,882	313,112
Property and equipment
Land	234,081	252,382
Buildings and improvements	804,794	848,671
Restaurant and other equipment	925,579	929,932
Leasehold improvements	457,508	467,454
Construction in progress	12,679	22,029
Total	2,434,641	2,520,468
Less: Accumulated depreciation and amortization	1,548,846	1,553,492
Property and equipment - net	885,795	966,976
Operating lease right-of-use assets, net	799,797	806,084
Intangible assets	3,365	24,350
Other assets	57,568	51,362
Total assets	2,022,407	2,161,884
Current Liabilities:
Accounts payable	152,737	169,848
Current portion of long-term debt		149,178
Current operating lease liabilities	48,625	50,948
Taxes withheld and accrued	43,569	42,532
Accrued employee compensation	69,456	66,069
Accrued employee benefits	30,445	29,775
Deferred revenues	92,245	89,559
Dividend payable	6,177	6,331
Other current liabilities	32,982	21,363
Total current liabilities	476,236	625,603
Long-term debt	337,231	335,457
Long-term operating lease liabilities	650,201	644,026
Other long-term obligations	46,920	46,518
Deferred income taxes	33,613	48,591
Commitments and Contingencies (Note 16)
Shareholders' Equity:
Preferred stock - 100,000,000 shares of $0.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued
Common stock - 400,000,000 shares of $0.01 par value authorized; 2026 - 22,351,460 shares issued and outstanding; 2025- 22,267,724 shares issued and outstanding	224	223
Additional paid-in capital	18,021	10,515
Retained earnings	459,961	450,951
Total shareholders' equity	478,206	461,689
Total liabilities and shareholders' equity	$ 2,022,407	$ 2,161,884