Cracker Barrel Old Country Store, Inc. (CBRL) announced a decrease in profit for the fourth quarter compared to the previous year. The company's earnings amounted to $18.14 million, or $0.81 per share, down from $37.46 million, or $1.68 per share, in the same quarter last year.
On an adjusted basis, the company reported earnings of $22.01 million, or $0.98 per share, for the period. Despite the drop in profit, Cracker Barrel's revenue for the quarter increased by 6.9% to $894.39 million, up from $836.73 million last year.
Summarizing Cracker Barrel Old Country Store, Inc.'s fourth-quarter performance based on GAAP standards:
- Earnings (Q4): $18.14 million vs. $37.46 million last year
- EPS (Q4): $0.81 vs. $1.68 last year
- Revenue (Q4): $894.39 million vs. $836.73 million last year
