Cracker Barrel reported net income of $51.02 million, or $2.12 per share, up 8 percent from $47.4 million, or $1.97 per share, in the year-ago quarter. Street analysts expected an EPS of $2.13.
Total revenue advanced 4 percent from $719.19 million to $745.58 million thus topping analysts' predictions of $742.34 million.
The company's president and CEO, Sandra Cochran, commented, "While we anticipate ongoing challenges in the industry during fiscal 2017, our management team and employees remain focused on delivering continued growth in our business and driving long-term shareholder value."
Moving ahead, Cracker Barrel expects EPS to be $1.75–$1.85 for the first quarter. This is below the analysts' estimates of $1.93 a share.
For the full year, the company guided EPS to be $7.95–$8.10 on revenue of $2.95–$3.0 billion. Analysts are looking for an EPS of $8.32 on revenue of $3.01 billion.
At time of writing mid-day Wednesday, the stock had dropped 3.85 percent on the day to $1434.74.
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