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Story summary
- Cracker Barrel is upgrading its chicken, hamburger and steak dinner offerings.
- CEO David Deno, appointed in August, said dinner is the biggest growth opportunity.
- Sale-leaseback generated $77 million, reducing debt to $337.2 million, $147.4 million lower than a year ago.
- Q4 revenue reached $849.3 million, with restaurant sales $698.5 million and retail $150.8 million.
- Adjusted earnings were $0.99 per diluted share, beating the $0.17 consensus estimate.