For the quarter ended July 2024, Cracker Barrel Old Country Store (CBRL) reported revenue of $894.39 million, up 6.9% over the same period last year. EPS came in at $0.98, compared to $1.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $898.79 million, representing a surprise of -0.49%. The company delivered an EPS surprise of -16.24%, with the consensus EPS estimate being $1.17. While investors scrutinize revenue and earnings changes year-over-year and how they c ...

Cracker Barrel Old Country Store (CBRL) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.24%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.56 per share when it actually produced earnings of $0.88, delivering a surprise of 57.14%. Over the ...

Exhibit 99.1 Post Office Box 787 Lebanon, Tennessee 37088-0787 Investor Contact: Adam Hanan (615) 443-9887 Media Contact: Heidi Pearce (615) 235-4135 CRACKER BARREL REPORTS FOURTH QUARTER FISCAL 2024 RESULTS LEBANON, Tenn. – September 19, 2024 – Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024. In 2024, the fourth quarter and fiscal year included an additional operating we ...

Core Viewpoint - Cracker Barrel Old Country Store, Inc. (CBRL) is set to report its fourth-quarter fiscal 2024 results on September 19, with expectations of a significant earnings surprise based on previous performance [1]. Estimate Revisions - The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share is $1.17, reflecting a decline of 34.6% from $1.79 in the same quarter last year [2]. - Revenue expectations are set at $898.8 million, indicating a year-over-year increase of 7.4% [2]. Factors Influencing Performance - Menu innovation, higher pricing, and expansion efforts are anticipated to positively impact CBRL's top line, particularly due to increased demand for breakfast items and the introduction of $5 take-home meals [3]. - Growth in off-premise sales through initiatives like curbside delivery and family meal baskets is also expected to contribute positively [4]. Revenue Predictions - Restaurant revenues are projected to reach $715.9 million, up 7.9% year-over-year, while retail revenues are expected to be $168.2 million, reflecting a 6.9% increase [5]. - However, challenges such as declining traffic and same-store sales are anticipated to negatively affect results, with retail same-store sales predicted to decrease by 0.5% year-over-year [5]. Cost and Margin Pressures - Strategic investments in advertising and labor are likely to increase costs, with labor expenses expected to rise by 9% to $332.6 million and store-operating expenses projected to increase by 8.4% to $821.6 million [6]. - Adjusted operating income is forecasted to decline by 30.7% year-over-year to $27.6 million [6]. Earnings Prediction - The model indicates a potential earnings beat for Cracker Barrel, supported by a positive Earnings ESP of +2.74% and a Zacks Rank of 2 (Buy) [7][8].

Investors looking for stocks in the Retail - Restaurants sector might want to consider either Cracker Barrel Old Country Store (CBRL) or Chipotle Mexican Grill (CMG) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphas ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

Cracker Barrel Old Country Store, Inc. CBRL will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 19. Analysts expect the Lebanon, Tennessee-based company to report quarterly earnings at $1.10 per share, down from $1.79 per share in the year-ago period. Cracker Barrel projects to report quarterly revenue of $897.38 million for the quarter, compared to $836.73 million a year earlier, according to data from Benzinga Pro. On July 18, Cracker Barrel named Sarah Moore a ...

Analysts on Wall Street project that Cracker Barrel Old Country Store (CBRL) will announce quarterly earnings of $1.17 per share in its forthcoming report, representing a decline of 34.6% year over year. Revenues are projected to reach $898.79 million, increasing 7.4% from the same quarter last year. The consensus EPS estimate for the quarter has undergone an upward revision of 10% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed t ...

CNBC's Jim Cramer on Friday guided investors through next week's top Wall Street action, highlighting a longawaited interest rate decision from the Federal Reserve and earnings from restaurant chain companies Darden and Cracker Barrel. Investors are broadly expecting the central bank to issue a rate cut but are unsure whether it will be by 25 or 50 basis points. Cramer said he's betting on the former, saying he thinks the Fed should be measured when making cuts and not risk an inflation flareup. He added th ...

Cracker Barrel Old Country Store (CBRL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 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 earnings report, which is expected to be released on September 19, 2024, might help the stock move higher if these key num ...