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Cracker Barrel: Fiscal 4Q Earnings Snapshot

September 18, 2018

LEBANON, Tenn. (AP) _ Cracker Barrel Old Country Store Inc. (CBRL) on Tuesday reported fiscal fourth-quarter profit of $61.4 million.

On a per-share basis, the Lebanon, Tennessee-based company said it had profit of $2.55. Earnings, adjusted for non-recurring gains, came to $2.19 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.

The restaurant operator posted revenue of $810.9 million in the period.

For the year, the company reported profit of $247.6 million, or $10.29 per share. Revenue was reported as $3.03 billion.

Cracker Barrel expects full-year earnings in the range of $8.95 to $9.10 per share, with revenue expected to be $3.04 billion.

Cracker Barrel shares have decreased 5 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRL at https://www.zacks.com/ap/CBRL

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