Cracker Barrel: Fiscal 3Q Earnings Snapshot
Posted Jun 2, 2020 09:24:00 AM.
Last Updated Jun 2, 2020 09:40:06 AM.
LEBANON, Tenn. (AP) _ Cracker Barrel Old Country Store Inc. (CBRL) on Tuesday reported a fiscal third-quarter loss of $161.9 million, after reporting a profit in the same period a year earlier.
The Lebanon, Tennessee-based company said it had a loss of $6.81 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $4.72 per share.
The restaurant operator posted revenue of $432.5 million in the period.
Cracker Barrel shares have declined 30% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRL at https://www.zacks.com/ap/CBRL
The Associated Press