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CBRL - Cracker Barrel Took Advantage Of A Bad Situation
Cracker Barrel Old Country Store Inc.
Over a month ago, I wrote my last article on Cracker Barrel (CBRL) and how its interstate strategy would give it a leg up on its competition. Tuesday, before the opening bell, Cracker Barrel released its third quarter results, and the results were slightly lower than my estimates. The goal of this article is to analyze their most recent results and to update the company's valuation.
Overview Of My Past Articles
In my worst-case scenario, restaurants would have to reduce their seating capacity by about 50% to allow space for social distancing. Over a month