Cracker Barrel Old Q1 Adj EPS $0.51 Misses $0.75 Estimate, Sales $823.84M Miss $826.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel Old (NASDAQ:CBRL) reported Q1 adjusted EPS of $0.51, missing the $0.75 estimate, and sales of $823.84M, slightly below the $826.21M estimate. This represents a 48.48% decrease in earnings and a 1.87% decrease in sales compared to the same period last year.
November 30, 2023 | 1:02 pm
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Cracker Barrel reported a significant miss in Q1 adjusted EPS and a slight miss in sales, indicating potential challenges in profitability and revenue growth.
The missed earnings and sales estimates are likely to negatively impact investor sentiment in the short term, as they suggest a downturn in the company's financial performance compared to the previous year. The significant miss in EPS, in particular, may raise concerns about profitability, which could lead to a decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100