Cracker Barrel tops 4Q profit forecasts

Associated Press |

LEBANON, Tenn. (AP) _ Cracker Barrel Old Country Store Inc. (CBRL) on Wednesday reported fiscal fourth-quarter earnings of $53.9 million.

On a per-share basis, the Lebanon, Tennessee-based company said it had profit of $2.23.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.

The restaurant operator posted revenue of $743.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $750.3 million.



For the year, the company reported profit of $201.9 million, or $8.37 per share. Revenue was reported as $2.93 billion.

Cracker Barrel expects full-year earnings to be $8.85 to $9 per share, with revenue expected to be $3.1 billion.

Cracker Barrel shares have dropped 11 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRL at https://www.zacks.com/ap/CBRL

Keywords: Cracker Barrel Old Country Store, Earnings Report

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Cavitation Techs Inc

Cavitation Technologies Inc engineers and designs Nano technology based systems that have potential applications in industrial liquid processing.

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…