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Cracker Barrel stock rallies after big profit beat, dividend restarted

Cracker Barrel stock rallies after big profit beat, dividend restarted Shares of Cracker Barrel Old Country Store Inc. jumped 1.9% in premarket trading Tuesday, after the restaurant and retail company reported a big fiscal third-quarter profit beat and restarted its dividend program, with a $1.00 per share quarterly payout. The company swung to net income of $33.5 million, or $1.41 a share, for the quarter to April 30, from a loss of $161.9 million, or $6.81 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $1.51, or nearly four times the FactSet consensus of 39 cents. Total revenue increased 65% to $713.4 million, beating the FactSet consensus of $675.6 million. Same-restaurant sales from 56.5% from a year ago, beating the FactSet consensus for a 55.0% rise, while same-store retail sales jumped 102.8% to beat expectations of 68.3% growth. “The pace of our sales and margin recovery in the quarter exceeded expectations as we welcomed

Maple Street Biscuit Company expansion slows; Fidelity title business jumps | Jax Daily Record | Jacksonville Daily Record

Maple Street Biscuit Company expansion slows; Fidelity title business jumps | Jax Daily Record | Jacksonville Daily Record
jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.

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