LEBANON, Tenn. (AP) — LEBANON, Tenn. (AP) — Cracker Barrel Old Country Store Inc. (CBRL) on Thursday reported fiscal second-quarter net income of $22.2 million.
The Lebanon, Tennessee-based company said it had profit of 99 cents per share. Earnings, adjusted for one-time gains and costs, were $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The restaurant operator posted revenue of $949.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $941.9 million.
Cracker Barrel expects full-year revenue in the range of $3.45 billion to $3.5 billion.
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