LEBANON, Tenn. - Cracker Barrel (NASDAQ:CBRL) Old Country Store Inc. (NASDAQ:CBRL) reported first quarter fiscal 2025 results that were in line with analyst estimates. CBRL shares gained 1.64% in premarket trading following the earnings release.
The restaurant and retail chain posted adjusted earnings per share of $0.45, matching the consensus forecast. Revenue came in at $845.1 million, also meeting expectations.
Comparable store restaurant sales increased 2.9% YoY, outperforming the Black Box Intelligence Casual Dining Index by approximately 290 basis points. However, comparable store retail sales decreased 1.6%.
"We delivered first quarter results that were in line with our expectations," said Cracker Barrel President and CEO Julie Masino. "We are pleased that our comparable store sales and traffic results outperformed the Casual Dining industry, and we saw continued improvement in the dinner daypart."
The company reaffirmed its fiscal 2025 outlook, projecting total revenue of $3.4 billion to $3.5 billion. This compares to analyst estimates of $3.45 billion.
Cracker Barrel reported adjusted EBITDA of $45.8 million for the quarter, up 4.3% from $43.9 million in the prior year period.
The board declared a quarterly dividend of $0.25 per share, payable on February 12, 2025 to shareholders of record as of January 17, 2025.
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