Cracker Barrel Old Q4 Adj EPS $1.79 Beats $1.61 Estimate, Sales $836.70M Miss $842.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel Old (NASDAQ:CBRL) reported Q4 adjusted earnings of $1.79 per share, beating the analyst consensus estimate of $1.61 by 11.18%. However, the company's quarterly sales of $836.70 million missed the analyst consensus estimate of $842.61 million by 0.70%.
September 13, 2023 | 12:01 pm
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Cracker Barrel's Q4 earnings exceeded expectations, but sales fell short of estimates.
Cracker Barrel's earnings beat could be a positive signal to investors, indicating operational efficiency. However, the sales miss might raise concerns about the company's revenue generation capabilities. The mixed results could lead to an uncertain market reaction in the short term.
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