Cracker Barrel Old Country Store, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 26, 2024
May 30, 2024 at 10:25 pm IST
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Cracker Barrel Old Country Store, Inc. reported earnings results for the third quarter and nine months ended April 26, 2024. For the third quarter, the company reported sales was USD 817.14 million compared to USD 832.69 million a year ago. Net loss was USD 9.2 million compared to net income of USD 13.97 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to basic earnings per share from continuing operations of USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to diluted earnings per share from continuing operations of USD 0.63 a year ago.
For the nine months, sales was USD 2,576.38 million compared to USD 2,606.08 million a year ago. Net income was USD 22.79 million compared to USD 61.59 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 2.78 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 2.77 a year ago.
Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Companyâs format of its stores consists of a trademarked rustic old country-store design offering a full-service restaurant menu that features home-style country food and a variety of decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, cookware and foods. Its restaurants serve breakfast, lunch and dinner daily and offer dine-in, pick-up and delivery services. Its breakfast items include juices, eggs, pancakes, meats, grits, and a variety of biscuit specialties, such as gravy and biscuits and country ham and biscuits. Its lunch and dinner items include fried and grilled chicken, chicken and dumplings, chicken pot pie, meatloaf, country fried steak, pork chops and others. It operates over 661 Cracker Barrel stores in 45 states and 59 Maple Street Biscuit Company stores in 10 states.