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Stock Market & Financial Investment News

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November 29, 2012
11:29 EDTCBRLCracker Barrel says expects to open 9-11 new stores in FY13
Says sees increases in food commodity costs on a constant mix basis of 5%-6% for FY13 with the most significant increases in the latter half of the year and in beef, chicken and eggs. Says has locked in pricing on 58% of commodity requirements for remaining three quarters in FY13. Sees FY adjusted operating margin 7.3%-7.5% of revenues, effective tax rate 32%-33%, CapEx $90M-$100M.
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