Categories Earnings, Retail

Cracker Barrel Old Country Store (NASDAQ: CBRL): Q1 2020 Earnings Snapshot

— Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) reported its first-quarter 2020 earnings of $1.79 per share versus $2.06 per share expected.

— Total revenue increased by 2.1% year-over-year to $749 million versus $755.09 million expected.

Earnings Update by AlphaStreet

— Cracker Barrel comparable store restaurant sales increased by 2.1%, as a 3.6% increase in average check offset a 1.5% decrease in comparable store restaurant traffic. The average menu price increase was about 2.3%.

— Comparable store retail sales decreased 0.9% from the prior-year quarter.

— Looking ahead into fiscal 2020, the company expects earnings in the range of $8.50-8.65 per share compared to the consensus estimates of $9.50 per share.

— Total revenue is expected to be in the range of $3.15-3.20 billion compared to the consensus estimates of $3.18 billion for the full year.

— Cracker Barrel comparable store restaurant sales growth is predicted to be about 2% and Cracker Barrel comparable store retail sales growth is projected to be about 1% for the full year.

— Capital expenditures are anticipated to be in the range of $115 million to $125 million for fiscal 2020.

— The company’s board of directors declared a quarterly dividend of $1.30 per share on its common stock. The dividend is payable on February 5, 2020, to shareholders of record on January 17, 2020.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Also Read:  Electronic Arts Q1 profit dips; stock falls on weak guidance

Most Popular

A visual dashboard of Broadcom (AVGO) Q2 2020 earnings results

Broadcom (NASDAQ: AVGO) reported non-GAAP EPS of $5.14 for the second quarter of 2020 on revenue of $5.74 billion. While the earnings came in line with the analysts' estimates, revenue

Will Zoom (ZM) keep up the booming trend?

Video conferencing platforms and other workplace collaboration tools have become more popular nowadays. With most people confined to their homes, apps that allow us to stay in touch have become

Cloudera (CLDR) stays on course as cloud solutions gain significance during pandemic

Cloudera (NYSE: CLDR) once again proved its mettle by reporting impressive results for the April-quarter that was mostly marred by the market-turmoil spurred by the virus attack. Though the tech

Top