Last week, Cracker Barrel reported Q4 2019 earnings, delivering a beat across top and bottom line estimates.
Looking down the road, management's focus on driving retail conversions and off-premise sales stand to support top-line growth.
Other value creation efforts are seen in menu innovation, pricing, and a focus on optimizing the company's cost structure.
With a current valuation of ~17x forward earnings, Cracker Barrel trades in-line with their historical valuation and at a reasonable level relative to peers.
For investors seeking a favorable income-producing opportunity with a short-term investment horizon, Cracker Barrel may be worth considering.
Cracker Barrel (CBRL) reported their 4Q19/FY19 earnings just last week, coming in above analyst estimates on both their top and bottom line. Diluted EPS in the quarter was $2.70 vs. consensus estimate of