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Nearly 12 months after backlash to a new logo tanked its sales, Cracker Barrel is on a roll.
In an update Monday, the family-dining chain said same-store restaurant sales were down 2.5% year over year through the first 11 weeks of the current quarter, while same-store retail sales were up 0.5%.
That continues the chain's momentum from the previous quarter, when same-store restaurant and retail sales were down 2.6% and 1.8%, respectively.
The company said it now expects to either meet or exceed the high end of its revenue and earnings guidance for the fiscal year, which runs through this month. That indicates it will generate at least $3.3 billion in revenue and $125 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year.
#year
Nearly 12 months after backlash to a new logo tanked its sales, Cracker Barrel is on a roll.
In an update Monday, the family-dining chain said same-store restaurant sales were down 2.5% year over year through the first 11 weeks of the current quarter, while same-store retail sales were up 0.5%.
That continues the chain's momentum from the previous quarter, when same-store restaurant and retail sales were down 2.6% and 1.8%, respectively.
The company said it now expects to either meet or exceed the high end of its revenue and earnings guidance for the fiscal year, which runs through this month. That indicates it will generate at least $3.3 billion in revenue and $125 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year.
#year
2 months ago
