Cracker Barrel Earnings: Analysts Predict Revenue Drop

Cracker Barrel, a prominent restaurant company, is set to report its latest earnings next Tuesday, following a 2.9% revenue decrease in the previous quarter. Analysts predict a 4.6% year-over-year drop in revenue for this quarter, reaching approximately $806.6 million, and an adjusted loss of $0.65 per share. Despite consistent estimates, Cracker Barrels history of missing Wall Streets revenue predictions may cause investor concern. In contrast to some peers like Bloomin Brands and Red Robin, which beat estimates but saw stock price drops, Cracker Barrels stock has fallen 10.5% over the last month, currently trading at $28.86, below the average analyst price target of $44.13.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.