LEBANON, Tenn. (AP) — LEBANON, Tenn. (AP) — Cracker Barrel Old Country Store Inc. (CBRL) on Tuesday reported fiscal third-quarter profit of $42.8 million.
The Lebanon, Tennessee-based company said it had net income of $1.90 per share. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The restaurant operator posted revenue of $797.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $775.3 million.
Cracker Barrel expects full-year revenue in the range of $3.27 billion to $3.3 billion.
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