image
Consumer Cyclical - Restaurants - NASDAQ - US
$ 48.81
1.54 %
$ 1.08 B
Market Cap
26.67
P/E
1. INTRINSIC VALUE

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.[ Read More ]

The intrinsic value of one CBRL stock under the base case scenario is HIDDEN Compared to the current market price of 48.8 USD, Cracker Barrel Old Country Store, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CBRL

image
FINANCIALS
3.47 B REVENUE
0.81%
45.1 M OPERATING INCOME
-62.59%
40.9 M NET INCOME
-58.68%
169 M OPERATING CASH FLOW
-32.53%
-124 M INVESTING CASH FLOW
-0.01%
-57.8 M FINANCING CASH FLOW
60.46%
894 M REVENUE
9.45%
22.2 M OPERATING INCOME
165.74%
18.1 M NET INCOME
297.18%
69.5 M OPERATING CASH FLOW
85.02%
-44.4 M INVESTING CASH FLOW
-53.23%
-25 M FINANCING CASH FLOW
-166.54%
Balance Sheet Decomposition Cracker Barrel Old Country Store, Inc.
image
Current Assets 278 M
Cash & Short-Term Investments 12 M
Receivables 49.1 M
Other Current Assets 217 M
Non-Current Assets 1.88 B
Long-Term Investments 0
PP&E 1.81 B
Other Non-Current Assets 72.6 M
Current Liabilities 454 M
Accounts Payable 162 M
Short-Term Debt 99.7 M
Other Current Liabilities 192 M
Non-Current Liabilities 1.27 B
Long-Term Debt 1.15 B
Other Non-Current Liabilities 115 M
EFFICIENCY
Earnings Waterfall Cracker Barrel Old Country Store, Inc.
image
Revenue 3.47 B
Cost Of Revenue 2.36 B
Gross Profit 1.11 B
Operating Expenses 1.04 B
Operating Income 45.1 M
Other Expenses 4.19 M
Net Income 40.9 M
RATIOS
32.03% GROSS MARGIN
32.03%
1.30% OPERATING MARGIN
1.30%
1.18% NET MARGIN
1.18%
9.30% ROE
9.30%
1.89% ROA
1.89%
7.90% ROIC
7.90%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Cracker Barrel Old Country Store, Inc.
image
Net Income 40.9 M
Depreciation & Amortization 124 M
Capital Expenditures -128 M
Stock-Based Compensation 10.3 M
Change in Working Capital -99.3 M
Others -4.46 M
Free Cash Flow 40.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Cracker Barrel Old Country Store, Inc.
image
Wall Street analysts predict an average 1-year price target for CBRL of $53.1 , with forecasts ranging from a low of $40 to a high of $90 .
CBRL Lowest Price Target Wall Street Target
40 USD -18.05%
CBRL Average Price Target Wall Street Target
53.1 USD 8.77%
CBRL Highest Price Target Wall Street Target
90 USD 84.39%
4. DIVIDEND ANALYSIS
3.09% DIVIDEND YIELD
0.25 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Cracker Barrel Old Country Store, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 year ago
Sep 22, 2023
Sell 1.66 M USD
COCHRAN SANDRA B
President & CEO
- 24700
67.13 USD
2 years ago
Mar 14, 2022
Sell 199 K USD
Daily Laura A
director: SVP,Chief Merch/Retail Supply
- 1700
117.28 USD
4 years ago
Mar 30, 2020
Bought 223 K USD
BERQUIST CARL T
Director
+ 3000
74.3364 USD
5 years ago
Sep 26, 2019
Sell 3.28 M USD
COCHRAN SANDRA B
President & CEO
- 20000
164.04 USD
5 years ago
Sep 20, 2019
Sell 1.49 M USD
COCHRAN SANDRA B
President & CEO
- 9007
165.9481 USD
5 years ago
Aug 08, 2019
Sell 11.7 M USD
BIGLARI, SARDAR
10 percent owner
- 68630
170.13 USD
5 years ago
Aug 09, 2019
Sell 32.6 M USD
BIGLARI, SARDAR
10 percent owner
- 190010
171.71 USD
5 years ago
Jul 10, 2019
Sell 12.7 M USD
BIGLARI, SARDAR
10 percent owner
- 72947
174.39 USD
5 years ago
Jul 11, 2019
Sell 522 K USD
BIGLARI, SARDAR
10 percent owner
- 2963
176.11 USD
5 years ago
Jul 05, 2019
Sell 11.4 M USD
BIGLARI, SARDAR
10 percent owner
- 66154
172.76 USD
5 years ago
Jul 08, 2019
Sell 2.58 M USD
BIGLARI, SARDAR
10 percent owner
- 15000
172.05 USD
5 years ago
Jul 09, 2019
Sell 11.7 M USD
BIGLARI, SARDAR
10 percent owner
- 67996
172.27 USD
5 years ago
Jul 02, 2019
Sell 25.7 M USD
BIGLARI, SARDAR
10 percent owner
- 149681
171.51 USD
5 years ago
Jul 03, 2019
Sell 16.4 M USD
BIGLARI, SARDAR
10 percent owner
- 94440
173.42 USD
5 years ago
Jun 27, 2019
Sell 22.9 M USD
BIGLARI, SARDAR
10 percent owner
- 134097
170.61 USD
5 years ago
Jun 28, 2019
Sell 13.7 M USD
BIGLARI, SARDAR
10 percent owner
- 80000
170.84 USD
5 years ago
Jul 01, 2019
Sell 4.48 M USD
BIGLARI, SARDAR
10 percent owner
- 26090
171.83 USD
5 years ago
Jun 24, 2019
Sell 2.36 M USD
BIGLARI, SARDAR
10 percent owner
- 13887
169.97 USD
5 years ago
Jun 25, 2019
Sell 24.2 M USD
BIGLARI, SARDAR
10 percent owner
- 141799
170.83 USD
5 years ago
Jun 26, 2019
Sell 9.45 M USD
BIGLARI, SARDAR
10 percent owner
- 55557
170.05 USD
5 years ago
Jun 17, 2019
Sell 12.3 M USD
BIGLARI, SARDAR
10 percent owner
- 72339
170.03 USD
5 years ago
Jun 18, 2019
Sell 4.26 M USD
BIGLARI, SARDAR
10 percent owner
- 25000
170.31 USD
5 years ago
Jun 19, 2019
Sell 273 K USD
BIGLARI, SARDAR
10 percent owner
- 1600
170.53 USD
5 years ago
Jun 10, 2019
Sell 475 K USD
BIGLARI, SARDAR
10 percent owner
- 2500
190 USD
5 years ago
Jun 04, 2019
Sell 152 K USD
BIGLARI, SARDAR
10 percent owner
- 800
190 USD
5 years ago
Jun 03, 2019
Sell 131 K USD
BIGLARI, SARDAR
10 percent owner
- 690
190 USD
5 years ago
Jun 04, 2019
Sell 780 USD
BIGLARI, SARDAR
10 percent owner
- 4
195 USD
5 years ago
May 30, 2019
Sell 50.5 K USD
BIGLARI, SARDAR
10 percent owner
- 266
190 USD
5 years ago
May 28, 2019
Sell 21.1 K USD
BIGLARI, SARDAR
10 percent owner
- 108
195 USD
5 years ago
May 29, 2019
Sell 14.4 K USD
BIGLARI, SARDAR
10 percent owner
- 76
190 USD
5 years ago
May 29, 2019
Sell 950 USD
BIGLARI, SARDAR
10 percent owner
- 5
190 USD
5 years ago
May 22, 2019
Sell 428 K USD
BIGLARI, SARDAR
10 percent owner
- 2520
169.9 USD
5 years ago
May 24, 2019
Sell 57 K USD
BIGLARI, SARDAR
10 percent owner
- 300
190 USD
5 years ago
May 10, 2019
Sell 2.06 M USD
BIGLARI, SARDAR
10 percent owner
- 12130
170.02 USD
5 years ago
May 13, 2019
Sell 60.8 K USD
BIGLARI, SARDAR
10 percent owner
- 304
200 USD
5 years ago
May 02, 2019
Sell 700 K USD
BIGLARI, SARDAR
10 percent owner
- 3500
200 USD
5 years ago
May 06, 2019
Sell 200 K USD
BIGLARI, SARDAR
10 percent owner
- 1000
200 USD
5 years ago
May 03, 2019
Sell 100 K USD
BIGLARI, SARDAR
10 percent owner
- 500
200 USD
5 years ago
Feb 15, 2019
Sell 1.27 M USD
BIGLARI, SARDAR
10 percent owner
- 7400
171.75 USD
5 years ago
Feb 19, 2019
Sell 3.84 M USD
BIGLARI, SARDAR
10 percent owner
- 22304
172.01 USD
5 years ago
Feb 12, 2019
Sell 4.97 M USD
BIGLARI, SARDAR
10 percent owner
- 29325
169.56 USD
5 years ago
Feb 13, 2019
Sell 1.26 M USD
BIGLARI, SARDAR
10 percent owner
- 7458
169.05 USD
5 years ago
Feb 14, 2019
Sell 16.7 M USD
BIGLARI, SARDAR
10 percent owner
- 97969
170.11 USD
5 years ago
Feb 07, 2019
Sell 51.1 K USD
BIGLARI, SARDAR
10 percent owner
- 300
170.49 USD
5 years ago
Feb 08, 2019
Sell 9.04 M USD
BIGLARI, SARDAR
10 percent owner
- 53373
169.4 USD
5 years ago
Feb 11, 2019
Sell 4.23 M USD
BIGLARI, SARDAR
10 percent owner
- 25000
169.37 USD
5 years ago
Feb 04, 2019
Sell 9.13 M USD
BIGLARI, SARDAR
10 percent owner
- 54000
169.12 USD
5 years ago
Feb 05, 2019
Sell 12.3 M USD
BIGLARI, SARDAR
10 percent owner
- 72036
170.29 USD
5 years ago
Feb 06, 2019
Sell 7.82 M USD
BIGLARI, SARDAR
10 percent owner
- 45942
170.3 USD
5 years ago
Jan 25, 2019
Sell 802 K USD
BIGLARI, SARDAR
10 percent owner
- 4739
169.32 USD
5 years ago
Jan 28, 2019
Sell 23.7 M USD
BIGLARI, SARDAR
10 percent owner
- 140000
169.54 USD
5 years ago
Jan 29, 2019
Sell 3.62 M USD
BIGLARI, SARDAR
10 percent owner
- 21440
169.04 USD
5 years ago
Jan 22, 2019
Sell 558 K USD
BIGLARI, SARDAR
10 percent owner
- 3300
169.12 USD
5 years ago
Jan 24, 2019
Sell 9 M USD
BIGLARI, SARDAR
10 percent owner
- 53194
169.19 USD
5 years ago
Jan 16, 2019
Sell 286 K USD
BIGLARI, SARDAR
10 percent owner
- 1685
170 USD
5 years ago
Jan 17, 2019
Sell 808 K USD
BIGLARI, SARDAR
10 percent owner
- 4783
169 USD
5 years ago
Jan 18, 2019
Sell 506 K USD
BIGLARI, SARDAR
10 percent owner
- 2993
168.94 USD
5 years ago
Jan 11, 2019
Sell 7.61 M USD
BIGLARI, SARDAR
10 percent owner
- 45000
169.18 USD
5 years ago
Jan 14, 2019
Sell 8.95 M USD
BIGLARI, SARDAR
10 percent owner
- 52924
169.17 USD
5 years ago
Jan 15, 2019
Sell 8.77 M USD
BIGLARI, SARDAR
10 percent owner
- 51759
169.43 USD
5 years ago
Dec 14, 2018
Sell 2.59 M USD
BIGLARI, SARDAR
10 percent owner
- 15000
172.42 USD
5 years ago
Dec 17, 2018
Sell 1.7 M USD
BIGLARI, SARDAR
10 percent owner
- 9936
171.39 USD
5 years ago
Dec 18, 2018
Sell 2.95 M USD
BIGLARI, SARDAR
10 percent owner
- 17322
170.12 USD
5 years ago
Dec 11, 2018
Sell 2.97 M USD
BIGLARI, SARDAR
10 percent owner
- 17000
174.88 USD
5 years ago
Dec 12, 2018
Sell 14 M USD
BIGLARI, SARDAR
10 percent owner
- 80000
175.2 USD
5 years ago
Dec 13, 2018
Sell 5.7 M USD
BIGLARI, SARDAR
10 percent owner
- 32600
174.7 USD
5 years ago
Dec 13, 2018
Sell 63 K USD
BIGLARI, SARDAR
10 percent owner
- 300
210 USD
5 years ago
Dec 11, 2018
Sell 1.05 K USD
BIGLARI, SARDAR
10 percent owner
- 5
210 USD
5 years ago
Dec 04, 2018
Sell 105 K USD
BIGLARI, SARDAR
10 percent owner
- 500
210 USD
5 years ago
Nov 29, 2018
Sell 31.3 M USD
BIGLARI, SARDAR
10 percent owner
- 171441
182.57 USD
5 years ago
Nov 30, 2018
Sell 12.2 M USD
BIGLARI, SARDAR
10 percent owner
- 67027
181.67 USD
5 years ago
Dec 03, 2018
Sell 943 K USD
BIGLARI, SARDAR
10 percent owner
- 5250
179.69 USD
5 years ago
Nov 30, 2018
Sell 315 K USD
BIGLARI, SARDAR
10 percent owner
- 1500
210 USD
5 years ago
Dec 03, 2018
Sell 160 K USD
BIGLARI, SARDAR
10 percent owner
- 760
210 USD
6 years ago
Sep 27, 2018
Sell 399 K USD
Daily Laura A
Sr. VP, Retail Operations
- 2740
145.6 USD
6 years ago
Sep 24, 2018
Sell 875 K USD
Flanagan Nicholas V
Sr. VP Restaurant & Retail Ops
- 6000
145.8145 USD
7 years ago
Sep 15, 2017
Sell 3.73 M USD
COCHRAN SANDRA B
President & CEO
- 24467
152.51 USD
7 years ago
Sep 18, 2017
Sell 1.85 M USD
COCHRAN SANDRA B
President & CEO
- 12327
150.01 USD
7 years ago
Sep 15, 2017
Sell 307 K USD
WEISS ANDREA
Director
- 2000
153.389 USD
7 years ago
Mar 02, 2017
Sell 330 K USD
Dobkin Richard J
Director
- 2000
165 USD
7 years ago
Nov 25, 2016
Sell 59.5 K USD
Wilson Jeffrey M
VP & PAO
- 360
165.2 USD
7 years ago
Nov 25, 2016
Sell 1.64 M USD
Flanagan Nicholas V
Sr. VP Restaurant & Retail Ops
- 10000
164.0495 USD
7 years ago
Nov 25, 2016
Sell 4.92 M USD
COCHRAN SANDRA B
President & COO
- 30000
164.0495 USD
7 years ago
Nov 25, 2016
Sell 329 K USD
WEISS ANDREA
Director
- 2000
164.5019 USD
8 years ago
Jun 22, 2016
Sell 101 K USD
Daily Laura A
Sr. VP, Retail Operations
- 600
168.7487 USD
8 years ago
Mar 02, 2016
Sell 296 K USD
Dobkin Richard J
Director
- 2000
148.1988 USD
9 years ago
Nov 16, 2015
Sell 41.6 K USD
WEISS ANDREA
Director
- 315
132.19 USD
9 years ago
Sep 18, 2015
Sell 5.84 M USD
COCHRAN SANDRA B
President & CEO
- 40000
146.1077 USD
7. News
Cracker Barrel Reports Q1 Preliminary Results, Reiterates FY '25 View CBRL's fiscal first-quarter comparable store sales rise 2.9% year over year. zacks.com - 1 day ago
Biglari Capital Responds to Cracker Barrel's Preliminary Q1 2025 Announcement San Antonio, TX , Nov. 14, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following response to Cracker Barrel Old Country Store, Inc.'s (NASDAQ: CBRL ) first quarter 2025 earnings announcement. Cracker Barrel's preliminary Q1 2025 earnings announcement reinforces our concerns that the Company is on the wrong track. prnewswire.com - 2 days ago
Cracker Barrel Stock Rolls Higher as Restaurant Sales Improve Cracker Barrel Old Country Store (CBRL) shares rose after the company's preliminary first-quarter revenue and adjusted earnings beat analysts' expectations Thursday. investopedia.com - 2 days ago
Cracker Barrel Old Country Store (CBRL) Surpasses Q1 Earnings and Revenue Estimates Cracker Barrel Old Country Store (CBRL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.51 per share a year ago. zacks.com - 2 days ago
CRACKER BARREL REPORTS PRELIMINARY FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FISCAL 2025 OUTLOOK Strategic Transformation Plan on Track LEBANON, Tenn. , Nov. 14, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its preliminary unaudited financial results for the first quarter of fiscal 2025 ended November 1, 2024 and reaffirmed its fiscal 2025 outlook. prnewswire.com - 2 days ago
Biglari Capital Corp. Issues Letter to Shareholders of Cracker Barrel Old Country Store, Inc. San Antonio, TX , Nov. 13, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL ). See below for the shareholder letter in its original form. prnewswire.com - 3 days ago
Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg Crofton Have Overseen Observably Poor Performance and Significant Shareholder Value Destruction ISS and Glass Lewis Both Cite Substantial Analyst Concern Over the Company's Costly Transformation Plan Biglari Capital Urges Shareholders to Vote the GOLD Proxy Card for All Three of Its Director Nominees.  San Antonio, TX, Nov. 12, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). prnewswire.com - 4 days ago
ISS Recommends Shareholders Vote on Cracker Barrel's WHITE Proxy Card and "WITHHOLD" on Milena Alberti-Perez and Sardar Biglari ISS Cites Alberti-Perez's Lack of Relevant Experience and Biglari's Poor Governance Track Record; Has Recommended Against Biglari Every Time He Has Nominated Himself at Cracker Barrel  Glass Lewis Also Recommends Shareholders "WITHHOLD" on Sardar Biglari Cracker Barrel Urges Shareholders to Vote "FOR ONLY" its 10 Recommended Nominees on the WHITE Proxy Card LEBANON, Tenn. , Nov. 11, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that Cracker Barrel shareholders vote on the Company's WHITE proxy card and "WITHHOLD" support for Milena Alberti-Perez and Sardar Biglari in connection with the Company's 2024 Annual Meeting of Shareholders ("Annual Meeting"), scheduled to be held on November 21, 2024. prnewswire.com - 5 days ago
Cracker Barrel Old Country Store® Issues Open Letter to Shareholders Urges Shareholders to Vote the WHITE Card Today "For Only" Cracker Barrel's 10 Recommended Nominees Visit CrackerBarrelShareholders.com for More Information LEBANON, Tenn. , Nov. 4, 2024 /PRNewswire/ -- The Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) Board of Directors (the "Board") today mailed a letter to the Company's shareholders in connection with the upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on November 21, 2024. prnewswire.com - 1 week ago
Cracker Barrel Issues Presentation Highlighting Next Era of Value Creation Outlines Strategic Transformation Plan to Drive Growth and Profitability  Highlights Risks that Sardar Biglari and Milena Alberti-Perez Pose to Shareholder Value Creation  Urges Shareholders to Vote "FOR ONLY" Cracker Barrel's 10 Recommended Nominees on the WHITE Proxy Card Today LEBANON, Tenn. , Oct. 29, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today posted an investor presentation in connection with its Annual Meeting of Shareholders on November 21, 2024. prnewswire.com - 2 weeks ago
5 Broker Liked Stocks to Keep an Eye on After Recent Analyst Upgrades Investors should monitor stocks like AAL, ACDVF, EBS, BRY and CBRL for high returns. zacks.com - 3 weeks ago
Cracker Barrel Old Country Store® Unwraps Holiday Cheer with New Seasonal Menu Items, Returning Favorites, Heat n' Serve Meals, and Unique Gifts With new holiday-inspired dishes, returning fan-favorites like Country Fried Turkey, and festive gifts and décor for everyone on your gift list, Cracker Barrel offers guests holiday magic at every turn LEBANON, Tenn. , Oct. 22, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store® today unveiled its lineup of festive, seasonally inspired offerings, including new menu items, convenient holiday Heat n' Serve meals, and a wide selection of gifts. prnewswire.com - 3 weeks ago
8. Profile Summary

Cracker Barrel Old Country Store, Inc. CBRL

image
COUNTRY US
INDUSTRY Restaurants
MARKET CAP $ 1.08 B
Dividend Yield 3.09%
Description Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.
Contact 305 Hartmann Drive, Lebanon, TN, 37087-4779 https://www.crackerbarrel.com
IPO Date Nov. 5, 1981
Employees 77600
Officers Mr. William W. Moreton Advisor Mr. Brian T. Vaclavik Vice President, Controller & Principal Accounting Officer Mr. Bruce A. Hoffmeister Senior Vice President & Chief Information Officer Ms. Julie Felss Masino President, Chief Executive Officer & Director Mr. Craig A. Pommells Senior Vice President & Chief Financial Officer Ms. Laura A. Daily Senior Vice President and Chief of Merchant & Retail Supply Chain Kaleb Johannes Vice President of Investor Relations Ms. Donna L. Roberts Senior Vice President & Chief Human Resources Officer Sherri L. Moore Vice President of Sales & Retail Services Mr. Richard M. Wolfson J.D. Senior Vice President, General Counsel & Corporate Secretary