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Weather freezes out Cracker Barrel's traffic

  • Cracker Barrel (CBRL) reports comparable-store sales slipped 3.0% in FQ2. The company says two percentage points of the decline are attributable to the extreme winter weather.
  • The average check at the company's restaurants rose 2.3% during the period, but the soft traffic in December and January was too much to overcome.
  • Previous FY14 guidance is re-affirmed by Cracker Barrel.
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