Cracker Barrel (CBRL) Tops Q1 EPS by 6c, Revenues Beat; Comp. Sales Up 1.4%; Offers FY19 EPS Guidance Below Consensus, FY19 Revenue Outlook Above Estimates

Cracker Barrel (NASDAQ: CBRL) reported Q1 EPS of $1.96, $0.06 better than the analyst estimate of $1.90. Revenue for the quarter came in at $733.5 million versus the consensus estimate of $717.56 million.

Commenting on the first quarter results, Cracker Barrel President and Chief Executive Officer Sandra B. Cochran said, \"Our teams made progress on improving traffic through a heightened focus on the guest experience, our menu, our everyday value, and the continued expansion of our off-premise business. We delivered positive comparable store sales in both restaurant and retail, and we improved upon our fourth quarter sales trend. I am encouraged by our start to the fiscal year, and we must continue to work hard to drive further traffic improvement.\"

GUIDANCE:

Cracker Barrel sees FY2019 EPS of $8.87, versus the consensus of $9.05. Cracker Barrel sees FY2019 revenue of $3.04 billion, versus the consensus of $3.03 billion.

For earnings history and earnings-related data on Cracker Barrel (CBRL) click here.

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