Consumer staples

Cracker Barrel reports lower-than-expected Q4 earnings

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Cracker Barrel Old Country Store (NASDAQ:CBRL) announced its fiscal fourth-quarter earnings on Thursday, reporting a profit of $18.1 million.

This translates to earnings of 81 cents per share, or 98 cents per share after adjusting for non-recurring costs.

The results fell short of Wall Street expectations.

Analysts surveyed by Zacks Investment Research had anticipated earnings of $1.17 per share.

The company's revenue for the quarter was $894.4 million, also missing the consensus estimate of $898.8 million from four analysts surveyed by Zacks.

For the full fiscal year, Cracker Barrel reported a profit of $40.9 million, or $1.83 per share, with total revenue reaching $3.47 billion.

Looking ahead, the company expects full-year revenue to be in the range of $3.4 billion to $3.5 billion.

Meanwhile, Cracker Barrel's share price have declined by over 46% since the beginning of the year. 

As of the time of writing this report, the company's share stood at $41.56. 

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