Why Cracker Barrel Rolled Higher Today
Cracker Barrel was supposed to lose money in Q3. It earned a decent profit instead.
Overview
Cracker Barrel Old Country Store (NASDAQ: CBRL) stock cooked up a 27.6% gain through 11:05 a.m. ET Wednesday, after reporting better than expected earnings last night.
Heading into the company's fiscal Q3 2026 report, analysts predicted Cracker Barrel would lose $0.42 per share (pro forma) on sales of $777.5 million. But Cracker Barrel reported a surprise profit instead -- $0.29 per share -- and sales came in at $797.4 million.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.