Skip to main content

Cracker Barrel Profit Rises

Cracker Barrel Profit Rises - Restaurant operator Cracker Barrel Old Country Store Inc. said Tuesday its fiscal first-quarter profit rose 32 percent on higher revenue.

Net income rose to $23.7 million, or $1.01 per share, in the three months ended Oct. 29, from $18 million, or 78 cents per share, a year ago. Revenue rose 3 percent to $598.7 million from $581.2 million.

Revenue in restaurants open at least a year rose 2.4 percent while retail sales rose 1.5 percent. Revenue at stores open at least a year is a key indicator of a retailer's performance because it excludes growth at stores that open or close during the year.

Analysts polled by Thomson Reuters, on average, predicted earnings of 92 cents per share on revenue of $600.3 million.

The company, which operates nearly 600 restaurants in 42 states, reaffirmed its full-year outlook for earnings between $3.95 and $4.10 per share on a revenue increase of 3 percent to 4.5 percent. Analysts expect earnings of $4.07 per share on revenue of $2.49 billion.

In a research note, KeyBanc Capital Markets analyst Brad Ludington, who maintained a "Buy" rating on the stock, wrote, "While investors may choose to take some profits today given the lack of increased guidance despite the impressive earnings-per-share upside in the first quarter, we believe management is likely being conservative with its outlook given it is still early in the fiscal year."

Shares of Cracker Barrel fell $2.80, or 4.9 percent, to $54.97 in afternoon trading. The stock has traded between $34.14 and $56.24 over the last 52 weeks.

Cracker Barrel Profit Rises

Comments

Popular posts from this blog

Urban Meyer Stepping Down

Urban Meyer Stepping Down - Well, it appears as if it’s deja vu all over again.

Less than 12 months after retiring and then un-retiring, Urban Meyer is apparently stepping down as Florida’s head coach. There’s no word on if he will be stepping back up tomorrow.

Urban Meyer Stepping Down

According to Todd Wright of Sporting News radio, GatorUpdates.com and AOL Fanhouse‘s Brett McMurphy Meyer will announce at a 5 p.m. ET press conference Wednesday that he is resigning/retiring as the Gators’ head coach. There are no further details available at this time, other than GatorUpdates reporting over the weekend that Meyer checked into a hospital the week of the UGA game and has been undergoing tests since.

Obviously, we’ll have more on this story throughout the day and well into the night…

Urban Meyer Stepping Down

Matt Cassel Undergoes Appendectomy

Matt Cassel Undergoes Appendectomy - The mystery of Matt Cassel missing practice Wednesday coupled with the Kansas City Chiefs promoting quarterback Tyler Palko has been solved.

The team has announced that Cassel underwent an appendectomy on Wednesday morning. The Chiefs say they expect Cassel to return to work this week. Returning to work and being ready to perform well in the team’s biggest game of the season on Sunday against San Diego are two different things. ESPN’s Adam Schefter is reporting the Chiefs are viewing Cassel as being questionable to play in the game.

Clearly, this is terrible timing. The Chiefs are 8-4 and would take a major step toward the playoffs with a win over the Chargers. Cassel has played very well for the past two months. If he can’t play, the brittle Brodie Croyle would face the Chiefs in his first action of the season. Croyle last played in Week 13 of the 2009 season.

Matt Cassel Undergoes Appendectomy

Cassel’s availability will come down to whether he…

Work-Related Personal Development Plans

Work-Related Personal Development Plans - Personal development refers to activities that improve self-knowledge and identity, develop talents and potential, build human capital and employability, enhance quality of life and contribute to the realization of dreams and aspirations. The concept is not limited to self-development but includes formal and informal activities for developing others, in roles such as teacher, guide, counselor, manager, coach, or mentor. Finally, as personal development takes place in the context of institutions, it refers to the methods, programs, tools, techniques, and assessment systems that support human development at the individual level in organizations.

At the level of the individual, personal development includes the following activities:

* improving self-awareness
* improving self-knowledge
* building or renewing identity
* developing strengths or talents
* identifying or improving potential
* building employability or human ca…