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Cracker Barrel: Fiscal Q4 Earnings Snapshot
By AP News - Sep 19, 2024, 08:17 AM ET
Last Updated - Sep 19, 2024, 08:17 AM EDT
LEBANON, Tenn. (AP) — LEBANON, Tenn. (AP) — Cracker Barrel Old Country Store Inc. (CBRL) on Thursday reported fiscal fourth-quarter profit of $18.1 million.
The Lebanon, Tennessee-based company said it had profit of 81 cents per share. Earnings, adjusted for non-recurring costs, came to 98 cents per share.
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The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The restaurant operator posted revenue of $894.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $898.8 million.
For the year, the company reported profit of $40.9 million, or $1.83 per share. Revenue was reported as $3.47 billion.
Cracker Barrel expects full-year revenue in the range of $3.4 billion to $3.5 billion.
Cracker Barrel shares have dropped 46% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRL at https://www.zacks.com/ap/CBRL
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