Cracker Barrel Reports Results for Second Quarter Fiscal 2017 and Reaffirms Earnings Guidance for Fiscal 2017
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Cracker Barrel (CBRL) Tops Q2 EPS by 5c; Reaffirms
February 21, 2017 8:33 AM ESTCracker Barrel (NASDAQ: CBRL) reported Q2 EPS of $2.19, $0.05 better than the analyst estimate of $2.14. Revenue for the quarter came in at $772.7 million versus the consensus estimate of $781.4 million.
Compared to the prior year second quarter, comparable store restaurant sales increased 0.6%, marking the Company's eleventh consecutive quarter of positive comparable store restaurant sales.Operating income as a percent of total revenue increased 150 basis points, over the prior year quarter, to 10.7%.Earnings per diluted share were $2.19, compared to GAAP earnings per... More