Cracker Barrel Q4 Profit Dips

Investor's Business Daily

The restaurant operator's earnings slipped 3% to $1.43 a share in its fiscal Q4, but topped views by 8 cents. Sales fell 4% to $674.1 mil, also beating. Cracker Barrel Old Country Store (CBRL) said restaurant same-store sales rose 2.6%, while retail sales were up 1.1%. It expects full-year '14 EPS of $5.60-$5.80 on $2.75 bil in revenue. Analysts see $5.69 on $2.74 bil in revenue. Shares fell 2% to 104.73.

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