Cracker Barrel keeps a lid on costs in FQ4

• Cracker Barrel (NASDAQ:CBRL) reports comparable-store sales increased 3.8% in FQ4.
• Comparable-store traffic was up 0.8% during the quarter, while the average guest check rose 3.0%.
• Operating income rate +140 bps to 10.1% on lower cost of goods sold and tight labor expense growth.
• Guidance: The company expects FY16 revenue of $2.90B-$2.95B vs. $2.95B consensus and EPS of $7.15-$7.30 vs. $7.22 consensus.
• Previously: Cracker Barrel beats by $0.11, misses on revenue
• CBRL +0.70% premarket to $152.05.