CBRL - Cracker Barrel's Modest Sales Growth Amid Rising Costs Sets Optimistic Revenue Outlook | Benzinga
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported second-quarter fiscal 2024 revenues of $935.4 million, up 0.2% Y/Y, beating the consensus of $917.8 million.
Cracker Barrel comparable store restaurant sales increased 1.2%, including total menu pricing increases of 4.8%. Comparable store retail sales fell 5.3% from the prior-year quarter.
Adjusted operating income was $35.9 million, or 3.8% of total revenue, compared to $42.2 million, or 4.5%, a year ago, primarily due to higher labor and related expenses.
Adjusted EPS of $1.37, a ...