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One of America's best-known casual dining chains sees inflation continuing in the year ahead, with wages rising more than commodity prices.
While the top- and bottom-line numbers for Cracker Barrel (CBRL) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cracker Barrel Old Country Store (CBRL) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.79 per share a year ago.
The stock of Cracker Barrel Old Country Store Inc. was flat premarket Thursday, after the rustic-themed restaurant and retail chain's fiscal fourth-quarter earnings fell short of estimates.
LEBANON, Tenn. , Sept. 19, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024.
The average of price targets set by Wall Street analysts indicates a potential upside of 31.3% in Cracker Barrel (CBRL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
CBRL's fourth-quarter fiscal 2024 top line is likely to have been aided by menu innovation, higher menu pricing, expansion and other sales-building efforts.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Cracker Barrel Old Country Store, Inc. CBRL will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 19.
Get a deeper insight into the potential performance of Cracker Barrel (CBRL) for the quarter ended July 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.