UPDATE: Cracker Barrel Posts 30% Rise In FQ3 Profit, Lifts Full-Year Forecast

Cracker Barrel Old Country Store

reported a 30% rise in its fiscal third-quarter earnings. Cracker Barrel lifted its earnings forecast for the year to $4.75 to $4.85 per share, versus its earlier forecast of $4.60 to $4.80 per share. Cracker Barrel's quarterly profit surged to $24.6 million, or $1.02 per share, from $19 million, or $0.81 per share, in the year-ago period. The company had earlier expected earnings of $0.90 to $0.95 per share. Its revenue rose 5.2% to $640.4 million, versus analysts' estimates of $631 million. Cracker Barrel's operating margin rose to 6.9% from 6.4%. Cracker Barrel shares gained 4.53% to $93.51 in pre-market trading.