Cracker Barrel, despite facing COVID-related disruptions, labor shortages, and inflation, shows signs of recovery. Although Q4 results were lackluster, analysts expect improvement in the coming year. With a strong balance sheet and a focus on turnaround efforts, Cracker Barrel presents a potential investment opportunity, especially with the stock trading at a low price and a dividend to consider.
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.
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.
