Cracker Barrel (NASDAQ: CBRL) reported Q2 EPS of $2.55, may not compare to the analyst estimate of $2.58. Revenue for the quarter came in at $846.14 million versus the consensus estimate of $839.97 million.

GUIDANCE:

Cracker Barrel sees Q3 2020 EPS of $8.55-$8.65, may not compare versus the consensus of $9.41.

• GAAP earnings per diluted share between $8.55 and $8.65
• This includes an expected loss from the Company's equity method investment in its unconsolidated subsidiary, Punch Bowl Social, resulting in an unfavorable GAAP earnings per diluted share impact of approximately ($0.80)
• This also includes transactional and integration expenses related to the Company's acquisition of Maple Street Biscuit Company, which are expected to result in an unfavorable impact to GAAP earnings per diluted share of approximately ($0.15)
• Cracker Barrel comparable store restaurant sales growth of 2.0% to 2.5%
• Approximately flat comparable store retail sales growth
• Commodity inflation, on a constant mix basis, of 1.5% to 2.0%
• Depreciation expense of approximately $115 million
• Sustainable cost savings of approximately $11 million
• Capital expenditures of approximately $125 million
• An effective tax rate of approximately 16.0%, which includes an expected tax benefit from the projected loss from the Company's equity method investment in Punch Bowl Social
• The Company reminds investors that its outlook for fiscal 2020 reflects a number of assumptions, many of which are outside the Company's

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