Cracker Barrel Guides Q1 Revenues In Line With Estimates; Declares Dividend - Update

RTTNews | 484 days ago
Cracker Barrel Guides Q1 Revenues In Line With Estimates; Declares Dividend - Update

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Cracker Barrel Old Country Store, Inc. (CBRL) said it anticipates total revenues between $800 million and $850 million for the first quarter.

On average, five analysts polled by Thomson Reuters expect the company to report revenues of $848.54 million for the quarter.

The Company announced that its Board of Directors declared a quarterly dividend of $1.30 per share on the Company's common stock, payable on November 7, 2023 to shareholders of record as of October 20, 2023.

For the fourth quarter, the company reported that comparable store restaurant sales increased 6.3%, while comparable store retail sales edged down 0.4%.

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Cracker Barrel Boosts FY24 Revenue Outlook; Declares Dividend - Update

Cracker Barrel Boosts FY24 Revenue Outlook; Declares Dividend - Update

While reporting financial results for the second quarter on Tuesday, Cracker Barrel Old Country Store, Inc. (CBRL) raised its total revenue guidance for the full-year 2023 to be between $3.5 billion and $3.6 billion from the prior outlook between $3.4 billion and $3.5 billion.
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