By Josée Rose
Cracker Barrel Old Country Store's first-quarter revenue rose 2.6% on higher menu prices.
The fast-casual restaurant said net income for the quarter ended Nov. 1 fell to $4.84 million, or 22 cents a share, from $5.46 million, or 25 cents a share, a year earlier. On an adjusted basis, earnings rose to 45 cents a share, compared with 40 cents a share a year earlier.
First-quarter revenue rose 2.6% to $845.1 million, while comparable-restaurant sales rose 2.9% due to menu pricing increases. However, comparable-store retail sales dropped 1.6% in the quarter.
Analysts polled by Factset had expected earnings of 37 cents a share on revenue of $833 million.
The company again reaffirmed its fiscal 2025 outlook for total revenue of $3.4 billion to $3.5 billion. Analysts are expecting full-year sales of $3.4 billion.
Write to Josée Rose at josee.rose@wsj.com
(END) Dow Jones Newswires
December 04, 2024 08:25 ET (13:25 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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。