Sees Q1 revenue $845.1M, consensus $824.30M. CEO Julie Masino said, “Our fiscal year is off to a strong start, as our strategic transformation plan continues to take hold and helped deliver financial results that were in line with our expectations. Additionally, we are pleased that our comparable store sales and traffic results outperformed the Casual Dining industry. We are building momentum across our operations, and while we have more work to do, we are encouraged and energized by the early favorable results of our strategic initiatives. We are highly confident that we are on the right path to drive growth and deliver meaningful value creation for our shareholders.”
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBRL:
- Cracker Barrel shareholder Biglari Capital issues letter on board nominations
- Cracker Barrel announces ISS recommendation to vote for board nominees
- Cracker Barrel urges shareholders to vote the white proxy card
- Cracker Barrel urges shareholders to vote for 10 recommended nominees
- Biglari Capital sends letter to Cracker Barrel shareholders, urges change