Cracker Barrel Old Country Store Inc (CBRL) stock plummeted 5.3% in the intraday trading session on Thursday, following the company's mixed fiscal Q1 2025 earnings report.
While the company reported a 3.4% increase in restaurant revenue and a 2.9% rise in comparable store restaurant sales, retail revenue declined by 0.8%. The drop was attributed to declines in decor and toys categories, reflecting the challenges faced by the retail sector due to cuts in consumer discretionary spending.
Moreover, Cracker Barrel faced higher costs, with a $9.3 million headwind from atypical expenses such as increased workers' compensation and general liability reserves, impacting its adjusted EBITDA. The company also expects a $6 million unfavorable impact in Q2 related to the timing shift of gift card breakage.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。