Cracker Barrel Old Q2 2024 Adj EPS $1.37 Beats $1.36 Estimate, Sales $935.40M Beat $917.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel Old (NASDAQ:CBRL) reported Q2 2024 adjusted EPS of $1.37, surpassing the $1.36 estimate, with sales of $935.40M exceeding the $917.83M forecast. This represents a 0.16% increase in sales compared to the same period last year.
February 27, 2024 | 1:00 pm
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Cracker Barrel Old reported a Q2 2024 EPS of $1.37, beating estimates, and sales of $935.40M, also above expectations. Year-over-year sales increased by 0.16%.
Beating both EPS and sales estimates typically has a positive impact on a company's stock price in the short term. The fact that Cracker Barrel not only exceeded these forecasts but also showed a year-over-year sales increase, albeit slight, suggests a positive outlook for the company's financial health and operational efficiency. This combination of factors is likely to be viewed favorably by investors, potentially leading to an uptick in CBRL's stock price.
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