CBRL - Restaurant Chain Cracker Barrel Posts Mixed Q3 Earnings Due To Lower Traffic: Details | Benzinga
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported a third-quarter FY24 sales decline of 1.9% year-on-year to $817.135 million, missing the analyst consensus estimate of $820.614 million.
Comparable store retail sales decreased 3.8%, and comparable store restaurant sales dropped 1.5%.
“As we indicated in our recent business update call, our third quarter results came in below expectations due to softer traffic than we originally anticipated, which underscores the importance of executing our strategic transformation,” said Cracker Barrel President and CEO Julie Masino.
General and administrative expenses increased ...