Cracker Barrel Down 7.63% To $69.38 After Earnings

Cracker Barrel (CBRL) said before open Thursday that it broke even in quarter one 2024.

In the same quarter a year ago, the company earned $0.99 per share on revenue of $839.5 million.

The stock is down 7.63% to $69.38 after the report.

Cracker Barrel's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Cracker Barrel a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 27. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.