Restaurant Chain Cracker Barrel Shares Rise After Q4 EPS Beat; Topline Performance Falls Short
Portfolio Pulse from Shivani Kumaresan
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported Q4 FY23 revenue growth of 0.8% to $836.7 million, missing the analyst consensus. Comparable store retail sales decreased 6.8%, while restaurant sales grew 2.4%. The company's Q4 topline performance fell short of expectations. However, the adjusted EPS of $1.79 beat the consensus estimate of $1.61. The company declared a quarterly dividend of $1.30 per share. For Q1 FY24, the company expects sales of $800 million - $850 million.
September 13, 2023 | 2:28 pm
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Cracker Barrel's Q4 revenue growth missed analyst consensus, but the adjusted EPS beat estimates. The company declared a quarterly dividend and provided a sales outlook for Q1 FY24.
Cracker Barrel's Q4 revenue growth missed analyst consensus, which could negatively impact the stock. However, the company's adjusted EPS beat estimates, which is a positive sign. The declaration of a quarterly dividend could also be seen as a positive sign by investors. The company's sales outlook for Q1 FY24 could impact the stock depending on whether it aligns with investor expectations.
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