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Cracker Barrel’s Q1 Outlook Disappoints Investors

By Warren Paige

Restaurant operator, Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) said on Wednesday that fiscal fourth quarter income fell 1.1% as revenue dipped due to one less week for sales compared to same period of last year, offsetting better-than-expected growth in comparable-store-sales. Both earnings and revenue edged past analysts’ expectation; however, shares fell sharply as the outlook for the current quarter disappointed investors. The Company expects earnings of $1.05 to $1.15 a share while analysts’ surveyed by Thomson Reuters had forecasted $1.32 a share. The Company said that higher food prices, costs associated to staff-training and some other expenses linked to the introduction of low-calorie items will put pressure on margins.

September 18th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.