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 ...

Wall Street analysts forecast that Cracker Barrel Old Country Store (CBRL) will report quarterly earnings of $0.56 per share in its upcoming release, pointing to a year-over-year decline of 53.7%. It is anticipated that revenues will amount to $826.55 million, exhibiting a decline of 0.7% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 13.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collec ...

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. Whether due to poor earnings, declining finances or other bad news, some share prices are on the downswing as investors head for the exits. While it might be advisable to eventually bottom fish these names, investors should exercise caution in the near-term. Over the last 12 months, PTON stock has fallen 55%. Through five years, the share price is dow ...

Its senior clientele, among its most loyal, fled during the pandemic and many have since failed to return. In response, Cracker Barrel said last Thursday it plans to spend as much as $700 million over the next three years. Top brass says the company can fix some of its problems by updating its menu and marketing and "refreshing the interior and exterior" with a "different color palette." Cracker Barrel is undergoing a three year turnaround that will add booths and banquettes to its restaurants for the first ...

Cracker Barrel Old Country Store (CBRL) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

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. Stocks in this sector have already been squeezed by factors like high inflation. During 2022 and 2023, the popularity of dining out stayed strong despite higher prices and smaller portions, but with U.S. economic growth slowing down, it ...

The company today announced that it's going to invest money to fix its business. Consequently, it's cutting its dividend by 80% so it can afford everything. Investors didn't like that, and it's why shares are down. Can Cracker Barrel turn it around? I'm not sure the decision is necessarily surprising. I've personally expected a dividend reduction for some time. But investors still didn't like it now that it's here. This dividend payer is drastically reducing its payments because it needs money to fix its bu ...