Cracker Barrel Reports First Quarter Fiscal 2020 Results And Declares Quarterly Dividend
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Cracker Barrel (CBRL) Misses Q1 EPS by 27c, Revenues Miss, Comp. Store Sales Up 2.1%; Offers FY20 Guidance
November 26, 2019 8:05 AM ESTCracker Barrel (NASDAQ: CBRL) reported Q1 EPS of $1.79, $0.27 worse than the analyst estimate of $2.06. Revenue for the quarter came in at $749 million versus the consensus estimate of $755.09 million.
First Quarter Fiscal 2020 Highlights
Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry.As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.The Company repurchased $14.2 million in shares in the first quarter.GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings per diluted... More