Cracker Barrel Reports Results For Third Quarter Fiscal 2018, Increases Quarterly Dividend And Declares Special Dividend
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Cracker Barrel (CBRL) Tops Q3 EPS by 7c, Beats on Revenues; Offers FY18 Adjusted EPS Outlook Below Consensus
May 22, 2018 8:02 AM EDTCracker Barrel (NASDAQ: CBRL) reported Q3 EPS of $2.03, $0.07 better than the analyst estimate of $1.96. Revenue for the quarter came in at $721.41 million versus the consensus estimate of $718.59 million.
Third Quarter Fiscal 2018 Highlights
Comparable restaurant sales growth of 1.5% and traffic of -1.3% outperformed the casual dining industry.Net income was $48.7 million, a 3.9% increase over prior year third quarter net income of $46.9 million.Diluted earnings per share were $2.03, a 4.1% increase compared to $1.95 in the prior year third quarter.The Company announced... More