LEBANON, Tenn. (AP) — LEBANON, Tenn. (AP) — Cracker Barrel Old Country Store Inc. (CBRL) on Tuesday reported fiscal third-quarter net income of $14 million.
On a per-share basis, the Lebanon, Tennessee-based company said it had profit of 63 cents. Earnings, adjusted for non-recurring costs, were $1.21 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The restaurant operator posted revenue of $832.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $845.1 million.
Cracker Barrel shares have risen almost 3% since the beginning of the year.
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