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Recap: Cracker Barrel Q3 Earnings

Benzinga Insights

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) fell 1.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 186.60% year over year to ($1.81), which may not compare to the estimate of $0.07.

Revenue of $432,544,000 decreased by 41.52% from the same period last year, which missed the estimate of $599,330,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Cracker Barrel Old hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jun 02, 2020

View more earnings on CBRL

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ceryvsbm

Technicals

52-week high: $180.93

Company's 52-week low was at $53.61

Price action over last quarter: down 30.94%

Company Overview

Cracker Barrel Old Country Store operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

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