Cracker Barrel Battles Inflation, Eyes Expansion Amid Q4 Earnings Miss
Portfolio Pulse from Nabaparna Bhattacharya
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) reported Q4 earnings that missed expectations, with adjusted EPS at $0.98 versus the expected $1.10. Sales were $894.39 million, slightly below the $897.22 million consensus. The company plans to expand with new store openings and projects FY25 revenue between $3.4 billion and $3.5 billion. CBRL shares fell 0.67% following the report.
September 19, 2024 | 5:10 pm
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Cracker Barrel reported Q4 earnings below expectations, with adjusted EPS at $0.98 and sales at $894.39 million. The company plans to expand with new store openings and projects FY25 revenue between $3.4 billion and $3.5 billion. Shares fell 0.67% post-report.
Cracker Barrel's Q4 earnings miss and lower-than-expected sales are likely to negatively impact short-term stock prices. The company's expansion plans and FY25 revenue projections provide some positive outlook, but immediate market reaction is negative as reflected by the 0.67% drop in share price.
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