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 ( using data from Zacks Investment Research. Access a Zacks stock report on CBRL at

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 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:


Emerging Growth

Valuesetters Inc

Valuesetters Inc is a next generation technology company. The Company is focused in providing technologies and infrastructure-as-a-service (Iaas) to consumer through enterprise communications, entertainment, and game platforms.

Private Markets

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.