Cracker Barrel stock falls after earnings miss [MarketWatch]
Cracker Barrel Old Country Store, Inc. (CBRL)
Last cracker barrel old country store, inc. earnings: 2/25 08:00 am
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Source: MarketWatch
Cracker Barrel Old Country Store Inc. shares fell 4.4% in Tuesday premarket trading after the restaurant-and-retail chain reported fiscal second-quarter earnings that missed expectations. Net income totaled $14.0 million, or 59 cents per share, down from $61.2 million, or $2.55 per share, last year. Adjusted EPS of 70 cents missed the FactSet consensus for 80 cents. Revenue of $677.2 million was down from $846.1 million and was just ahead of the FactSet consensus of $677.0 million. Comparable restaurant sales were down 21.9% with many dining rooms impacted by the resurgence of COVID-19. Comparable retail sales were down 15.3%. "[T]he shift to off-premise and the operational and staffing challenges caused by increased cases of COVID-19 negatively impacted food waste and labor efficiency during the quarter," said Sandra Cochran, chief executive of Cracker Barrel. Comparable off-premise sales were up 78%. Cracker Barrel is forecasting a fiscal third-quarter comparable restaurant sales de
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News
- Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Could Be 23% Above Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Here's Why You Should Steer Clear of Cracker Barrel (CBRL) Stock [Yahoo! Finance]Yahoo! Finance
- Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) had its price target lowered by analysts at Piper Sandler from $75.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Cracker Barrel Old Country Store (NASDAQ:CBRL) Is Due To Pay A Dividend Of $1.30 [Yahoo! Finance]Yahoo! Finance
- Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) had its price target lowered by analysts at UBS Group AG from $82.00 to $75.00. They now have a "neutral" rating on the stock.MarketBeat
CBRL
Earnings
- 2/27/24 - Beat
CBRL
Sec Filings
- 2/27/24 - Form 8-A12B/A
- 2/27/24 - Form 8-A12B
- 2/27/24 - Form 10-Q
- CBRL's page on the SEC website