“Wednesday's First Moves: KBH & CBRL Earnings, RCL Makes 50% Sandals Stake”
Cracker Barrel is recovering; positive investor reaction driven by new CEO leadership and projected 3-5% comp sales growth.
But let's start by talking about "Craker Barrel". Stocks under scrutiny following their quarterly results. They performed better than expected in terms of revenue and earnings, achieving 99 cents per share on an adjusted basis.
Revenues came in above expectations by more than 849 million. Although revenues fell by slightly more than 2% year-on-year, they remained above expectations.