Cracker Barrel (CBRL) Misses Q3 EPS Views; Comps Down 0.3%; Guides FY11 EPS Below Street

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May 24, 2011 7:03 AM EDT
Cracker Barrel Old Country Store, Inc,. (NASDAQ: CBRL) reported Q3 EPS of $0.58, $0.08 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $582.5 million versus the consensus estimate of $594.45 million.

Comparable store restaurant sales for the quarter decreased 0.3%.

Sees FY2011 EPS of $3.80-$3.90, versus the consensus of $4.09. The Company presently expects fourth quarter fiscal 2011 total revenue to increase approximately 1.0 to 2.5% over revenue in the fourth quarter of fiscal 2010.

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Earnings, Guidance, Retail Sales