Cracker Barrel (CBRL) Tops Q2 EPS by 31c; Lifts Outlook

Cracker Barrel (NASDAQ: CBRL) reported Q2 EPS of $1.93, $0.31 better than the analyst estimate of $1.62. Revenue for the quarter came in at $756 million versus the consensus estimate of $734.11 million.

Comparable store restaurant sales increased 7.9% on 4.7% traffic growth

Cracker Barrel sees FY2015 EPS of $6.40-$6.50, versus the consensus of $6.12. Cracker Barrel sees FY2015 revenue of $2.8-2.85 billion, versus the consensus of $2.82 billion.

Commenting on the second-quarter results, Cracker Barrel President and Chief Executive Officer Sandra B. Cochran said, “We believe that our strong performance in the quarter results from several key factors, including mild winter weather compared to the prior year quarter, the positive impact of lower gasoline prices on consumer spending and travel, the success of our national advertising, and consistent execution of the Cracker Barrel experience by our operations teams. We are pleased with the strength of these results and our ability to once again outperform the industry as measured by the Knapp-Track Casual Dining Index.”

For earnings history and earnings-related data on Cracker Barrel (CBRL) click here.

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