Cracker Barrel Sees Higher Q1 Adjusted Earnings, Revenue; Stock Up In Pre-market

(RTTNews) - Cracker Barrel Old Country Store, Inc. (CBRL), a restaurant and retail store chain, Thursday said it expects adjusted income of $10.17 million or $0.45 per share for the first quarter, higher than $8.84 million or $0.40 per share reported in the same quarter a year ago. Cracker Barrel shares were trading more than 8 percent higher in pre-market.

Net come for the first-quarter is expected to be about $4.84 million or $0.22 per share, compared with $5.46 million or $0.25 per share last year

The company sees revenue of $845.09 million for the quarter, up from $823.84 million in the previous year.

For the full year, Cracker Barrel expects revenue between $3.4 billion and $3.5 billion.

Cracker Barrel stock had closed at $45.27, up 0.47 percent on Wednesday. It has traded in the range of $34.88 - $83.52 in the last 52 weeks.