Cracker Barrel Old Country Store, Inc.(NASDAQ:CBRL) was up nearly 8% in heavy trading at the open this morning. The company reported third-quarter profit $1.02 , 08 cents above estimates from analysts.
Total revenue improved 5.2% and the company raised its fiscal 2013 adjusted earnings per share guidance For fiscal 2013 adjusted earnings per diluted share to $4.75-$4.85.
Additionally, the company raised its quarterly dividend by 50 percent to 75 cents a share, payable on August 5 to shareholders of record as of July 19.
Compared to the prior year third quarter, comparable store traffic increased 0.7%, comparable store restaurant sales increased 3.1%, and comparable store retail sales increased 5.5%.
“Driven by strong sales, traffic and operational performance, our earnings growth for the third quarter exceeded our expectations,” said Sandra B. Cochran, President and Chief Executive Officer of Cracker Barrel Old Country Store, Inc
Cracker Barrel Old Country Store, Inc.(NASDAQ:CBRL the country-style restaurant and retail chain Operate 621 stores in 42 states and is headquartered in Lebanon, Tennessee.
Latest posts by Karen Jackson (see all)
- Intoxicated South Carolina Man Punches Waitress Who Refused to Serve Him Alcohol - June 29, 2018
- Restaurant Manager Arrested and Charged in Shooting Death of Co-Worker over Negative Yelp Reviews - June 20, 2018
- Minnesota Teen Gets Head Stuck In Oversized Tailpipe Winstock Music Festival - June 18, 2018