Cracker Barrel Old Q4 Adj $0.98 Misses $1.10 Estimate, Sales $894.39M Miss $897.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel Old Country Store (NASDAQ:CBRL) reported Q4 earnings of $0.98 per share, missing the $1.10 estimate, and sales of $894.39M, slightly below the $897.22M estimate. Earnings decreased by 45.25% from last year, while sales increased by 6.89%.
September 19, 2024 | 12:04 pm
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NEGATIVE IMPACT
Cracker Barrel's Q4 earnings and sales both missed analyst estimates. Earnings per share were $0.98, below the $1.10 expected, and sales were $894.39M, slightly under the $897.22M forecast. This reflects a significant year-over-year earnings decline of 45.25%, despite a 6.89% increase in sales.
The earnings miss by 10.91% and the sales miss, although slight, are likely to negatively impact investor sentiment. The significant year-over-year decline in earnings per share further exacerbates the negative outlook, suggesting a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100