Cracker Barrel posts in-line Q1 outcomes; Shares edge increased

LEBANON, Tenn. – Cracker Barrel (NASDAQ:CBRL) Outdated Nation Retailer Inc. (NASDAQ:CBRL) reported first quarter fiscal 2025 outcomes that had been according to analyst estimates. CBRL shares gained 1.64% in premarket buying and selling following the earnings launch.

The restaurant and retail chain posted adjusted earnings per share of $0.45, matching the consensus forecast. Income got here in at $845.1 million, additionally assembly expectations.

Comparable retailer restaurant gross sales elevated 2.9% YoY, outperforming the Black Field Intelligence Informal Eating Index by roughly 290 foundation factors. Nonetheless, comparable retailer retail gross sales decreased 1.6%.

“We delivered first quarter outcomes that had been according to our expectations,” stated Cracker Barrel President and CEO Julie Masino. “We’re happy that our comparable retailer gross sales and visitors outcomes outperformed the Informal Eating business, and we noticed continued enchancment within the dinner daypart.”

The corporate reaffirmed its fiscal 2025 outlook, projecting whole income of $3.4 billion to $3.5 billion. This compares to analyst estimates of $3.45 billion.

Cracker Barrel reported adjusted EBITDA of $45.8 million for the quarter, up 4.3% from $43.9 million within the prior yr interval.

The board declared a quarterly dividend of $0.25 per share, payable on February 12, 2025 to shareholders of file as of January 17, 2025.

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