Cracker Barrel Battles Inflation, Eyes Expansion Amid Q4 Earnings Miss

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) reported fourth-quarter adjusted earnings per share of 98 cents, missing the street view of $1.10. Quarterly sales of $894.39 million (+6.9%), missing the analyst consensus of $897.22 million.

For the fourth quarter of fiscal 2024, total revenue includes a $62.8 million boost from the 53rd week.

Cracker Barrel’s comparable store restaurant sales rose by 0.4%, driven by total menu price increases of 4.2%.

However, comparable store retail ...