Cracker Barrel Old Country Store (CBRL) - Get Report shares on Tuesday rose as much as 6.1% after the restaurant chain reported fourth-quarter financial results that beat expectations.

The stock finished up 1.9% at $167.91, 10% below its 52-week high of $185, set in late November.

Earnings for the fourth quarter ended Aug. 2 were $2.70 a share, compared with $2.55 in the year-earlier quarter, or $2.19 adjusted for the impact of the prior year's 53rd week.

Revenue was $787.1 million. That was down 2.9% from the 53-week year-earlier period.

Same-restaurant sales rose 3.8% for the quarter, while same-store sales increased 0.4%.

The consensus of analysts surveyed by FactSet was EPS of $2.48 on revenue of $775 million in the quarter.

For fiscal 2020, Cracker Barrel said it expected EPS of $9.30 to $9.45, which is above expectations of $9.20.

Revenue should come in at $3.15 billion to $3.20 billion with same-restaurant sales growth of 2% to 3% and same-store sales up 1%. The revenue call at FactSet is $3.14 billion.

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