UPDATE: Cracker Barrel Posts Upbeat Q3 Profit, Lifts Full-Year Forecast
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) reported better-than-expected third-quarter adjusted earnings.
Cracker Barrel lifted its full-year earnings forecast to between $4.35 and $4.45 per share, versus $4.20 to $4.35 per share. However, analysts were expecting earnings of $4.31 per share.
Cracker Barrel's quarterly earnings climbed to $19.0 million, or $0.81 per share, versus $15.2 million, or $0.64 per share, in the year-ago period. Excluding charges, Cracker Barrel earned $0.86 per share, versus analysts' estimates of $0.75 per share.
Its sales climbed 4.5% to $608.5 million, while comparable store restaurant sales gained 3.1% in the quarter.
Cracker Barrel shares gained 0.22% to $58.26 in pre-market trading.
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