Cracker Barrel Old Country Store Inc CBRL:NASDAQ

Last Price$85.64NASDAQ Previous Close - Last Trade as of 4:00PM ET 6/28/22

Today's Change-2.10(2.39%)
Bid (Size)$77.77 (2)
Ask (Size)$131.32 (1)
Day Low / High$85.59 - 89.81
Volume443.8 K

Cracker Barrel Old Country Store's Fiscal Q2 Adjusted Earnings, Revenue Rise

8:48AM ET 2/22/2022 MT Newswires
Cracker Barrel Old Country Store (CBRL) posted fiscal Q2 adjusted earnings Tuesday of $1.71 per diluted share, up from $0.70 per share a year earlier.

Analysts surveyed by Capital IQ projected normalized EPS of $1.61.

Revenue was $862.3 million for the quarter ended Jan. 28, compared with $677.2 million a year ago. The consensus estimate from analysts polled by Capital IQ expected $866 million.

Looking ahead, the company said it expects Q3 revenue of about $800 million due to headwinds from elevated COVID-19 case counts early in the quarter. Analysts polled by Capital IQ expect revenue of $787.3 million for the fiscal quarter.

For the second half of fiscal 2022, the company expects capital expenditures of about $600 million. It also expects to open two new Cracker Barrel locations and nine to 11 new Maple Street Biscuit locations, according to a statement.

Shares of the company declined 1.9% ahead of Tuesday's market open.

Price: 129.95, Change: -2.55, Percent Change: -1.92