Cracker Barrel reported earnings today.
On the major item that analysts were looking at, the company reported restaurant comps +1.4% vs. an expected -0.6%. Similar to peers in the space, Cracker Barrel saw negative traffic during the quarter (at -1.6%) This was offset by +3% average check growth.
Margins were in line with expectations as Cost of Goods (30.3% of sales) was what analysts were looking for.
Looking into the next year, Cracker Barrel, reiterated revenue and EPS guidance ($3.04B and $8.95-$9.10)
