Q1 revenue was about in-line with consensus estimates and with guidance. The company expects Q2/23 adjusted operating margins to be "down meaningfully" year-over-year, compared to the pre-print consensus of approximately flattish to down only slightly. The fiscal 2023 operating margin is expected to be 4.75% at the mid-point, which also compares unfavorably to the pre-print consensus of 5.1%.
Cracker Barrel Old Country Store (CBRL) has an average rating of Underperform and price targets ranging from $86 to $102, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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