Cracker Barrel Reports Third Quarter Fiscal 2020 Results And Provides Business Update
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Cracker Barrel (CBRL) Tops Q3 EPS by 39c, Revenues Miss, Comp. Sales Down 41.7%
June 2, 2020 8:03 AM EDTCracker Barrel (NASDAQ: CBRL) reported Q3 EPS of ($1.81), $0.39 better than the analyst estimate of ($2.20). Revenue for the quarter came in at $432.5 million versus the consensus estimate of $476.35 million.
Third Quarter Fiscal 2020 Results Revenue The Company reported total revenue of $432.5 million for the third quarter of fiscal 2020, representing a decrease of 41.5% over the third quarter of the prior year. Cracker Barrel comparable store restaurant sales decreased 41.7% in the third quarter over the prior year quarter, as a 43.6% decrease in comparable store restaurant traffic was marginally offset by a 1.9% increase in average check. Comparable... More