27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
- Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported third-quarter FY23 sales growth of 5.4% year-on-year to $832.69 million, missing the analyst consensus of $846 million.
- Comparable store retail sales decreased 4.6%, and comparable store restaurant sales grew 7.4%.
- General and administrative expenses increased 12% Y/Y to $45 million. The operating margin was 2%, and operating income for the quarter fell 45% to $16.8 million.
- Adjusted EBITDA increased 1.2% to $60.3 million.
- Cracker Barrel held $22.5 million in cash and equivalents as of Apr. 28, 2023.
- Adjusted EPS of $1.21 missed the analyst consensus of $1.34.
- The Board of Directors declared a quarterly dividend of $1.30 per share, payable on August 8, 2023, to shareholders of record as of July 21, 2023.
- Outlook: Cracker Barrel expects Q4 revenue growth of 1% - 3%.
- For Q4, CBRL expects GAAP operating income margin rate of 4.1%-5.1%. The company anticipates capital expenditures of $30 million - $135 million.
- CBRL anticipates the near-term environment will remain challenged due to heightened economic uncertainty, lower discretionary spending, and weaker consumer confidence.
- Price Action: CBRL shares are trading lower by 4.25% at $93.17 on the last check Tuesday.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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