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Cracker Barrel beats profit forecasts, revenue sluggish

Posted Sep 15th 2009 10:20AM by Tom Johansmeyer (RSS feed)
Filed under: Earnings Reports

Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) posted solid numbers for its fiscal fourth quarter. Lower costs helped the simple country restaurant beat the Street's expectations. The company reported earnings of $22.8 million for the quarter – good for 99 cents a share. Last year, the company earned $21 million. Cracker Barrel has been topping forecasts for the past year.

Lower costs have been driving the trend, and absent impairment and store closing charges, Reuters estimates the company pulled in $1.06 a share.

Continue reading Cracker Barrel beats profit forecasts, revenue sluggish

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