Cracker Barrel Old Country Store Inc. (CBRL) posted lower first-quarter net income of $23.19 million, or $0.97 per share, compared with $23.8 million, or $1.03 per share last year. Adjusted for severance and proxy contest expenses, quarterly earnings per share were $1.08, down from $1.09 in the earlier year quarter.
On the other hand, the company reported total revenue of $627.5 million for the first quarter of fiscal 2013, up 4.8% from $598.44 million in the prior-year quarter. Comparable-store restaurant sales increased 3.3%, including a 2.5% increase in average check.
On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.06, on $629.72 million for the quarter. Analysts' estimates typically exclude one-time items.
Looking ahead to the second quarter of 2013, Cracker Barrel expects adjusted earnings per share between $1.22 and $1.27, while 8 analysts project second-quarter earnings of $1.28.
For fiscal 2013, the company still sees total revenue between $2.6 billion and $2.65 billion and adjusted earnings per share of $4.50 - $4.70. The revenue projection for fiscal 2013 reflects the expected opening of 9 to 11 new Cracker Barrel stores and projected increases in comparable store restaurant and retail sales in a range of 2.0% - 3.0%. Analysts anticipate annual earnings of $4.68 per share on $2.63 billion revenue.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.