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Cracker Barrel (CBRL) Reports Q2: Everything You Need To Know Ahead Of Earnings

StockStory - Mon Feb 26, 1:01AM CST

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Restaurant company Cracker Barrel (NASDAQ:CBRL) will be announcing earnings results tomorrow morning. Here's what investors should know.

Last quarter Cracker Barrel reported revenues of $823.8 million, down 1.9% year on year, missing analyst expectations by 0.5%. It was a weaker quarter for the company, with full-year revenue guidance missing analysts' expectations.

Is Cracker Barrel buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Cracker Barrel's revenue to decline 1.7% year on year to $917.8 million, a deceleration on the 8.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share.

Cracker Barrel Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing two upward revisions over the last thirty days. The company missed Wall St's revenue estimates six times over the last two years.

Looking at Cracker Barrel's peers in the sit-down dining segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. The Cheesecake Factory's revenues decreased 1.8% year on year, beating analyst estimates by 0.1% and Texas Roadhouse reported revenues up 15.3% year on year, exceeding estimates by 0.3%. The Cheesecake Factory traded up 1.9% on the results, and Texas Roadhouse was flat on the results.

Read our full analysis of The Cheesecake Factory's results here and Texas Roadhouse's results here.

Investors in the sit-down dining segment have had steady hands going into the earnings, with the stocks up on average 0.6% over the last month. Cracker Barrel is down 8.7% during the same time, and is heading into the earnings with analyst price target of $74.8, compared to share price of $72.

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