Cracker Barrel 2024 Outlook: Expects Total Revenue Of $3.47B-$3.51B (Prior $3.5B-$3.6B) Vs. $3.474B Consensus; And Adjusted EBITDA Of $200M- $220M
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel has updated its fiscal 2024 outlook, expecting total revenue between $3.47 billion and $3.51 billion, slightly lower than the previous estimate. The company also projects adjusted EBITDA of $200 million to $220 million and plans to open new stores.
May 30, 2024 | 12:09 pm
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Cracker Barrel has revised its fiscal 2024 revenue outlook to $3.47B-$3.51B, down from the prior $3.5B-$3.6B estimate. The company also expects adjusted EBITDA of $200M-$220M and plans to open new stores.
The revised revenue outlook is slightly lower than the previous estimate, which may concern investors. However, the company plans to open new stores, which could be a positive long-term strategy.
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