Cracker Barrel Old Country Store, Inc. (CBRL) reported lower-than-expected adjusted earnings per share for the fourth quarter, despite a slight increase in sales. The company’s comparable store restaurant sales saw a modest growth, but retail sales declined. Cracker Barrel announced a dividend and provided its outlook for the next fiscal year.
Results for: CBRL
Cracker Barrel is set to report its fourth-quarter fiscal 2024 results on September 19th. While menu innovation, higher pricing, and off-premise sales are expected to boost revenue, the company faces challenges from declining traffic, rising costs, and margin pressure.