Cracker Barrel Reports Second Quarter Fiscal 2019 Results, Company Reports Positive Comparable Store Restaurant Sales
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Cracker Barrel (CBRL) Tops Q2 EPS by 23c, Revenues Beat, Comp. Sales Up 3.8%; Offers FY19 EPS Guidance Below Consensus, FY19 Revenue View In-Line with Estimates
February 26, 2019 8:05 AM ESTCracker Barrel (NASDAQ: CBRL) reported Q2 EPS of $2.73, $0.23 better than the analyst estimate of $2.50. Revenue for the quarter came in at $811.7 million versus the consensus estimate of $809.61 million.
Compared to the prior year second quarter, comparable restaurant sales increased 3.8% with comparable restaurant traffic increasing 0.1%. Comparable store retail sales declined 1.4%.Comparable restaurant sales and traffic growth outperformed the casual dining industry.Earnings per diluted share were $2.52, compared to prior year second quarter GAAP earnings per diluted share of $3.79 (including a $1.06 per share benefit in Q2 2018 resulting from a one-time non-cash... More