Cracker Barrel Old Q3 2024 Adj EPS $0.88 Beats $0.66 Estimate, Sales $817.135M Miss $820.614M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel Old Country Store (NASDAQ: CBRL) reported Q3 2024 adjusted earnings per share (EPS) of $0.88, beating the analyst estimate of $0.66. However, sales of $817.135 million missed the $820.614 million estimate. EPS decreased by 20% year-over-year, and sales decreased by 1.87% year-over-year.
May 30, 2024 | 12:05 pm
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Cracker Barrel's Q3 2024 EPS of $0.88 beat estimates by 33.33%, but sales of $817.135 million missed expectations. EPS decreased by 20% YoY, and sales decreased by 1.87% YoY.
While Cracker Barrel's EPS beat expectations significantly, the miss on sales and the year-over-year declines in both EPS and sales may create mixed sentiment among investors. The positive EPS surprise could provide some support to the stock price, but the overall decline in financial performance may limit significant upward movement.
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