CBRL - Restaurant Chain Cracker Barrel Shares Rise After Q4 EPS Beat; Topline Performance Falls Short | Benzinga
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) reported fourth-quarter FY23 revenue growth of 0.8% year-on-year to $836.7 million, missing the analyst consensus of $842.61 million.
Comparable store retail sales decreased 6.8%, and comparable store restaurant sales grew 2.4%.
"Our Q4 topline performance fell short of our expectations. We have taken and will continue to take numerous actions to improve our traffic performance on the marketing and operational front which we believe will be effective, particularly as we enter ...