Cracker Barrel (CBRL) Misses Q1 EPS by 27c, Revenues Miss, Comp. Store Sales Up 2.1%; Offers FY20 Guidance
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Cracker Barrel Reports First Quarter Fiscal 2020 Results And Declares Quarterly Dividend
November 26, 2019 8:00 AM ESTLEBANON, Tenn., Nov. 26, 2019 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq:Â CBRL) today reported its financial results for the first quarter ended November 1, 2019.
First Quarter Fiscal 2020 Highlights
Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry. As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. The Company repurchased $14.2 million in shares in the first quarter. GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings... More