Cracker Barrel Old Country Store, Inc. Services | Restaurants | USA Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, a book-on-audio sale-and-exchange program, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items. As of April 14, 2017, it operated 643 Cracker Barrel stores in 44 states. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee.
I believe Marcy had this one on the weekly challenge for this week ... nice pop this morning on ER Cracker Barrel's stock set to rally after profit beat helps offset sales miss Shares of Cracker Barrel Old Country Stores Inc. CBRL, +2.22% was indicated up over 2% in premarket trade Wednesday, after the restaurant and country store chain beat fiscal fourth-quarter profit expectations, offsetting a sales miss. Net income for the quarter to July 28 rose to $53.9 million, or $2.23 a share, from $51.0 million, or $2.12 a share, in the same period a year ago. The FactSet consensus for earnings per share was $2.17. Revenue fell 0.3% to $743.2 million, missing the FactSet consensus of $746.7 million. Same-store sales declined 1.7%, compared with the FactSet consensus of a 0.6% decline, while the average check increased 0.9%. Looking ahead, the company expects fiscal first-quarter EPS of $1.85 to $1.95 and fiscal 2018 EPS of $8.85 to $9.00, compared with the FactSet consensus for first-quarter EPS of $2.10 and for 2018 EPS of $8.89. "As we enter the new fiscal year, we anticipate the environment to remain challenged, yet are confident in our plans to invest in the long-term growth of the company," said Chief Executive Sandra Cochran. The stock has lost 9.4% over the past three months through Tuesday, while the S&P 500 SPX, -0.05% has gained 2.3%.
