Cracker Barrel Earnings: What To Look For From CBRL

Petr Huřťák /
2023/11/29 2:01 am EST

Restaurant company Cracker Barrel (NASDAQ:CBRL) will be reporting earnings tomorrow before market hours. Here's what to look for.

Last quarter Cracker Barrel reported revenues of $836.7 million, flat year on year, missing analyst expectations by 0.6%. It was a weaker quarter for the company, with revenue and EPS missing Wall Street's 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 1.4% year on year to $828.1 million, a further deceleration on the 7% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.76 per share.

Cracker Barrel Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates five times over the last two years.

Looking at Cracker Barrel's peers in the sit-down dining segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. The Cheesecake Factory delivered top-line growth of 5.9% year on year, missing analyst estimates by 1.4% and Dine Brands reported revenue decline of 13.1% year on year, missing analyst estimates by 0.2%. The Cheesecake Factory traded down 5.5% on the results, and Dine Brands was flat on the results.

Read our full analysis of The Cheesecake Factory's results here and Dine Brands's results here.

There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 9.1% over the last month. Cracker Barrel is up 14.2% during the same time, and is heading into the earnings with analyst price target of $80, compared to share price of $75.8.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.