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Cracker Barrel sees Q1 adjusted EPS 45c, consensus 40c

Sees Q1 revenue $845.1M, consensus $824.30M. CEO Julie Masino said, “Our fiscal year is off to a strong start, as our strategic transformation plan continues to take hold and helped deliver financial results that were in line with our expectations. Additionally, we are pleased that our comparable store sales and traffic results outperformed the Casual Dining industry. We are building momentum across our operations, and while we have more work to do, we are encouraged and energized by the early favorable results of our strategic initiatives. We are highly confident that we are on the right path to drive growth and deliver meaningful value creation for our shareholders.”

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