This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Restaurant Stocks: Earnings to Watch

Cracker Barrel Old Country Store

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Cracker Barrel Old Country Store (CBRL) reported fiscal first quarter earnings on Nov. 23.

Revenue: $598.7 million, compared with year-earlier sales of $581.2 million.

Net Income: $23.7 million, compared with year-earlier earnings of $18 million.

Net Earnings Per Share: $1.01, compared with year-earlier EPS of 78 cents per share.

Analysis: Analysts from Standpoint Research issued a downgrade on Cracker Barrel shares in September to hold, from accumulate. In August RBC Capital Markets, which had a sector perform rating on the stock, dropped its coverage of the restaurant chain.

Cracker Barrel topped earnings expectations but revenue came up short of expectations for $600.3 million.

Cracker Barrel said comps and retail sales increased 2.4% and 1.5%, respectively, in the recent quarter, thanks in part to a 0.5% uptick in guest traffic.

The Lebanon, Tenn.-based restaurateur reaffirmed its fiscal 2011 outlook for revenue to grow between 3% and 4.5%, or between $2.47 billion and $2.51 billion.

Forecasted revenue growth is based on the opening of 11 new Cracker Barrel units during the year, comps growth between 1.5% and 3% and comparable store retail sales growth between 2% and 4%.

Fiscal 2011 EPS is projected to be in the range of $3.95 to $4.10 per share. Analysts expect Cracker Barrel to post full-year EPS of $4.07 per share.

6 of 22

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs