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FX.co ★ Cracker Barrel Guides FY25 Revenue Well Below Estimates; Declares Dividend - Update

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typeContent_19130:::2024-09-19T13:13:00

Cracker Barrel Guides FY25 Revenue Well Below Estimates; Declares Dividend - Update

Cracker Barrel Old Country Store, Inc. (CBRL) announced its financial results for the fourth quarter on Thursday, revealing a projected total revenue for the full-year 2025 between $3.4 billion and $3.5 billion.

According to an average estimate from nine analysts surveyed by Thomson Reuters, the expected revenue for the company is $4.89 billion for the year.

The company's Board of Directors also declared a quarterly dividend of $0.25 per share on its common stock. This dividend is payable on November 13, 2024, to shareholders of record as of October 18, 2024.

For the fourth quarter, Cracker Barrel reported a 0.1 percent decrease in comparable store restaurant sales and a 5.5 percent decrease in comparable store retail sales.

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