Cracker Barrel Old Country Store, Inc. (CBRL) has announced its first-quarter financial results, revealing a decline in profits compared to the previous year, yet surpassing market expectations. The company's profit amounted to $4.84 million, translating to $0.22 per share, compared to $5.46 million or $0.25 per share in the same period last year.
When excluding special items, the adjusted earnings were reported at $10.17 million, or $0.45 per share. This performance exceeded the average analyst forecast of $0.41 per share, based on data from Thomson Reuters. Typically, analysts' projections omit extraordinary items.
For this quarter, Cracker Barrel saw its revenue increase by 2.6%, reaching $845.09 million, up from $823.84 million the previous year.
Key financial highlights for Cracker Barrel Old Country Store, Inc. (GAAP) include:
- Earnings for Q1: $4.84 million, compared to $5.46 million last year.
- Earnings per share (EPS) for Q1: $0.22, versus $0.25 last year.
- Revenue for Q1: $845.09 million, as opposed to $823.84 million last year.
Guidance for the full year anticipates revenue between $3.4 billion and $3.5 billion.
