Cracker Barrel Old's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Cracker Barrel Old (NASDAQ:CBRL) reported Q3 earnings of $13.97 million, a 54.19% increase from Q2, but sales dropped 10.83% to $832.69 million. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation. However, Q3 earnings per share of $1.21 did not meet analyst predictions of $1.34.
June 07, 2023 | 2:47 pm
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Cracker Barrel's Q3 earnings increased by 54.19% to $13.97 million, but sales dropped 10.83% to $832.69 million. The company posted a 0.03% ROCE, indicating effective capital allocation, but missed analyst EPS predictions.
Cracker Barrel's Q3 earnings increased by 54.19% and the company posted a positive ROCE of 0.03%, indicating effective capital allocation. However, the drop in sales and missed analyst EPS predictions may offset the positive impact of the earnings increase and ROCE, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100