Cracker Barrel Old Country Store First Quarter 2023 Earnings: EPS Misses Expectations
Cracker Barrel Old Country Store (NASDAQ:CBRL) First Quarter 2023 Results
Key Financial Results
Revenue: US$839.5m (up 7.0% from 1Q 2022).
Net income: US$17.1m (down 49% from 1Q 2022).
Profit margin: 2.0% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.77 (down from US$1.42 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cracker Barrel Old Country Store EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 16% from a week ago.
We should say that we've discovered 2 warning signs for Cracker Barrel Old Country Store that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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