Cracker Barrel (CBRL) Tops Q1 EPS by 17c; Comps Rose 1.3%; FY17 Outlook Boosted
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Cracker Barrel Reports Results For First Quarter Fiscal 2017, Increases Full-Year Earnings Guidance And Declares Quarterly Dividend
November 22, 2016 8:00 AM ESTLEBANON, Tenn., Nov. 22, 2016 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq:Â CBRL) today reported its financial results for the first quarter of fiscal 2017 ended October 28, 2016.
First Quarter Fiscal 2017 Highlights
Compared to the prior year first quarter, comparable store restaurant sales increased 1.3%, marking the Company's tenth consecutive quarter of positive comparable store restaurant sales. Operating income as a percent of total revenue increased 140 basis points, over the prior year quarter, to 10.7%. Earnings per diluted share were $2.01, compared to $1.70 in the... More