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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cracker Barrel Sales Increase 0.5% 0 comments
    May 28, 2014 10:52 AM | about stocks: CBRL

    Originally published at www.seclive.com

    Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced its third quarter financial results for the 2014 fiscal year, reporting a 0.5% increase in sales from a year ago. The casual dining and retail store chain posted $643.3M in sales while comparable store restaurant sales fell 0.6%. This decrease was composed of a 2.3% increase in average check and a 2.9% decline in customer traffic. Earnings improved from $24.6M and $1.02 per share in the year-ago quarter to $28.7M and $1.20 per share, helped in part with a 10% decrease in general and administrative expenses and a 58% decrease in interest expense. President and CEO Sandra Cochran commented that increased competition, severe winter weather, and a constrained consumer spending environment all contributed to the headwinds the company faced. Despite the headwinds, Cracker Barrel is pleased that it continues to outperform its peers in the Knapp-Track casual dining index.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: CBRL
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