Cracker Barrel (CBRL) Q4 Profit Drops below Estimates

Cracker Barrel Old Country Store, Inc. (CBRL) reported a decrease in profit for the fourth quarter, with earnings of $6.75 million or $0.30 per share, down from $18.14 million or $0.81 per share last year. Adjusted earnings were $16.70 million or $0.74 per share, missing analyst estimates of $0.77 per share. Revenue also fell 2.9% to $868.01 million. The company provided FY25 revenue guidance of $3.35 billion to $3.45 billion.