The Tennessee-based company said that its third quarter total revenue came in at $817.1 million -- down 1.9% compared to the same period last year.
The latest Federal Open Market Committee (FOMC) minutes outlined delayed interest rate cuts. These are an effort to clamp down on inflation, noting “fewer cuts this year than previously thought.
While the top- and bottom-line numbers for Cracker Barrel (CBRL) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cracker Barrel Old Country Store (CBRL) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.21 per share a year ago.
Cracker Barrel's (CBRL) fiscal third-quarter performance is likely to have been dented by dismal traffic, ongoing inflation and high interest rates.
Get a deeper insight into the potential performance of Cracker Barrel (CBRL) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The stock market might be at an all-time high, but that doesn't mean every security is trending higher. On the contrary, there are a number of stocks sinking.
“They have a lot of senior consumers, so long term they need to migrate away from that consumer,” analyst Jake Bartlett said.
Cracker Barrel (CBRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dining out may have gained popularity during the post-lockdown recovery, but based on recent data, the American public may be losing some of its appetite for fast food, fast casual, and other dining establishments. This leaves restaurant stocks at risk of declining in price.
Cracker Barrel's profits are lower now than a decade ago, which is a troubling trend that can't be ignored. The company expects substantial improvements in coming years, which could make this an interesting turnaround candidate.
Shares of Cracker Barrel Old Country Store (CBRL) plunged over 12% in intraday trading Friday after the restaurant and novelty store chain slashed its dividend as it embarked on what it called a “strategic transformation plan,” and lowered its guidance.