Cracker Barrel (CBRL) Q2 Earnings Beat Estimates, Stock Down

Cracker Barrel Old Country Store, Inc. (CBRL) reported second-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top increased year over year while the bottom line declined from the prior-year quarter figure.Following the results, shares of the company dropped 3% during trading hours on Feb 27. Negative investor sentiments were witnessed as management stated issues related to margin pressures stemming from labor cost inflation. The company expects ongoing margi ...