Cracker Barrel reports Q2 adjusted EPS $1.37, consensus $1.36

Reports Q2 revenue $935.4M, consensus $917.83M. CEO Julie Masino said, “While margins remain pressured, we were encouraged by the improvement in our traffic trend during the quarter, which we believe was supported by our investments in labor and advertising and our focus on the guest experience. Additionally, we continued to make progress on the development of our strategic transformation, and our teams are engaged in our efforts to improve our relevancy, deliver food and an experience that our guests love, and grow profitability.”