Cracker Barrel Expects Its Q3, Q4 Financial Results To Be Below Its Previous Expectations, Primarily Due To Weaker Than Anticipated Traffic
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel has announced that it expects its Q3 and Q4 financial results to be below its previous expectations due to weaker than anticipated customer traffic.
May 16, 2024 | 8:12 pm
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Cracker Barrel has revised its Q3 and Q4 financial expectations downward, citing weaker than anticipated customer traffic as the primary reason.
The announcement of lower than expected financial results for Q3 and Q4 is likely to negatively impact Cracker Barrel's stock price in the short term. Weaker customer traffic directly affects revenue and profitability, leading to a downward revision of financial expectations.
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