Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q3 2024 Results Conference Call May 30, 2024 11:00 AM ET Company Participants Adam Hanan - Senior Manager, IR Julie Masino - President, CEO Craig Pommells - SVP, CFO Conference Call Participants Andrew Wolf - CL King Brian Mullan - Piper Sandler Dennis Geiger - UBS Jake Bartlett - Truist Securities Jeff Farmer - Gordon Haskett Jon Tower - Citi Katherine Griffin - Bank of America Todd Brooks - Benchmark Company Operator Good day and welcome to the Cracker ...

Cracker Barrel said it plans to raise its menu prices — even as it reported a revenue drop at its restaurants for the third quarter — after the Southernthemed restaurant chain's CEO admitted last week it was "just not as relevant" as it used to be. Cracker Barrel is the latest company that has struggled to turn a profit in an era of sticky inflation. It hopes that raising prices by 5% through the end of this year will help turn its fortunes. 3 Cracker Barrel on Thursday reported disappointing earnings for t ...

(Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended April 26, 2024 Tennessee (State or other jurisdiction of incorporation or organization) 62-0812904 (I.R.S. Employer Identification Number) CBRL The Nasdaq Stock Market LLC (Nasdaq Global Select Market) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial acco ...

For the quarter ended April 2024, Cracker Barrel Old Country Store (CBRL) reported revenue of $817.14 million, down 1.9% over the same period last year. EPS came in at $0.88, compared to $1.21 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $826.55 million, representing a surprise of -1.14%. The company delivered an EPS surprise of +57.14%, with the consensus EPS estimate being $0.56. While investors scrutinize revenue and earnings changes year-over-year and how the ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this restaurant operator would post earnings of $1.29 per share when it actually produced earnings of $1.37, delivering a surprise of 6.20%. Over the la ...

Investor Contact: Adam Hanan (615) 443-9887 CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2024 RESULTS ● The Company reported third quarter total revenue of $817.1 million. Compared to the prior year third quarter, total revenue decreased 1.9%. o Comparable store restaurant sales decreased 1.5%, while comparable store retail sales decreased 3.8%. ● GAAP earnings (loss) per diluted share were ($0.41), and adjusted earnings per diluted share were $0.88. ● GAAP net income (loss) for the third quarter was ($9.2) ...

LEBANON, Tenn., May 30, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2024 ended April 26, 2024. Third Quarter Fiscal 2024 Highlights The Company reported third quarter total revenue of $817.1 million. Compared to the prior year third quarter, total revenue decreased 1.9%. Comparable store restaurant sales decreased 1.5%, while comparable store retail sales decreased 3.8%. GA ...

Cracker Barrel Old Country Store, Inc. (CBRL) is scheduled to report third-quarter fiscal 2024 results on May 30. In the last reported quarter, CBRL registered an earnings surprise of 6.2%. The Trend in Estimate Revision The Zacks Consensus Estimate for fiscal third-quarter earnings per share (EPS) is pegged at 56 cents, indicating a deterioration of 53.7% from $1.21 reported in the year-ago quarter. For revenues, the consensus mark is pegged at $826.6 million. The projection suggests a decline of 0.7% from ...

Core Viewpoint - Analysts forecast a significant decline in Cracker Barrel's quarterly earnings, with an expected EPS of $0.56, representing a year-over-year decrease of 53.7% and revenues projected at $826.55 million, down 0.7% from the previous year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 13.1%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenues- Retail' to be $149.54 million, reflecting a decline of 1.2% from the prior-year quarter [5]. - 'Revenues- Restaurant' are expected to reach $677.01 million, showing an increase of 1.7% compared to the previous year [5]. - The forecast for 'Comparable-store sales - Restaurant - YoY change' is -0.3%, a significant drop from the year-ago value of 7.4% [5]. Store Metrics - The consensus estimate for the 'Number of stores - Total (End of Period)' is 727, an increase from the year-ago figure of 661 [6]. Stock Performance - Over the past month, Cracker Barrel's shares have declined by 24.8%, contrasting with a 4% increase in the Zacks S&P 500 composite [6]. - Currently, Cracker Barrel holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the overall market in the near future [6].

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