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Cracker Barrel reports better-than-expected earnings, boosts stock by 4% with a quarterly dividend.
Cracker Barrel Old Country Store reported better-than-expected earnings of 58 cents per share, exceeding analysts' forecasts.
Despite slight revenue underperformance, restaurant sales grew 1% year-over-year, while retail sales declined 3.8%.
The company maintained its full-year revenue guidance and announced a $0.25 quarterly dividend, leading to a 4% stock increase.
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Cracker Barrel reporta mejores ganancias de lo esperado, aumenta las acciones en un 4% con un dividendo trimestral.