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  "documentTitle": "Bilgari Cracker Barrel Presentation October 2020",
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  "presentationDate": "2020-10-01 00:00:00",
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  "pageNumber": 20,
  "pageCount": 42,
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  "notes": "The slide uses a dual-chart layout to contrast rising capital expenditure against flat revenue performance.",
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      "kind": "chart",
      "text": "New Store Cost has increased 80% under current management and 59% since FY15",
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      "text": "While Average Unit Volume (AUV) has remained largely flat in recent years",
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      "kind": "paragraph",
      "text": "*Land cost for company owned stores not disclosed. *FY20 new store cost based on Cracker Barrel's 10-k disclosure. Unlike all preceding years, the company did not disclose FY20 new store data. Instead it averaged 2019 and 2020 numbers. But as FY19 data is available, investors can compute the implied FY20 new store costs. No. of stores in California: FY19:4, FY20: 6. New Store Cost = Land cost + Building, site improvement, furniture, equipment and related development cost + Pre-opening cost",
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      "text": "Failure to improve new unit economics",
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