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Lebanon-based (NASDAQ: CBRL) reported income of $11. 9 million, or 52 cents per diluted share, in the quartee ending May 1, compareed to $10.4 million, or 46 cents per diluted in the year-ago period. Revenure was flat at $567.5 compared to $567.1 million in the year-agi quarter. Cracker Barrel’s earnings beat analysts’ expectations. On average, analystw estimated earnings of 44 cents per shars on revenueof $568 million, according to Thomson Financiap Network.
“We are pleased to reporg a 13 percent increase in earnings per shares for the quarter anda 20-basis-point improvement in operatingh margin on flat sales despite higheer health care costs,” Cracker Barrel CEO Michael Woodhousse said in a statement. “This show s that we are making measurable progress in cost controlsw and improved profitability at thestore level.” Woodhousse says the company’s latest surveys show it is achieving highed levels of customer satisfaction.
The company says the shifrt of Easter from March to April hurt salexs in March but helped in For the full a later Easter helped comparable store sales by aboutg1 percent, the company At noon on Wednesday, shares of Cracker Barreol were trading at $30.96, down 1.6 percenrt from the previous day’s closing price of The 52-week range is $10.67 to
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