Today’s top dividend stock comes from an industry that many income investors haven’t really considered: restaurants. Dining out is a popular thing for Americans, but investors haven’t really warmed up to restaurant stocks. The industry is not exactly risk-free and some of the most established players are reporting year-over-year declines in comparable-store restaurant sales. There is, however, one company that income investors should not ignore...
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is a unique player in the restaurant business. A typical Cracker Barrel Old Country Store consists of not only a restaurant, but also a gift shop. The company currently owns and operates 644 Cracker Barrel locations and four Holler & Dash Biscuit House locations in 44 states. Having a retail shop in a restaurant may not seem to be the most intuitive idea, but it has become an integral part of the Cracker Barrel experience. The retail shop is also used as a guest waiting area and is generating $440 of sales per square foot with a 50% gross margin.
Source: Income Investors
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