Cracker Barrel reports Q2 adjusted EPS $1.38, consensus $1.09

Reports Q2 revenue $949.4M, consensus $944.17M. CEO Julie Masino said, “Outstanding execution by our teams, coupled with our actions to improve the profitability of our off-premise channels during the high-volume holiday season, delivered strong Q2 results that exceeded our expectations. Despite some recent industry-wide softness, these results, together with the continued improvements in key guest and operational metrics and the initiatives we have planned for our important Q4, make us confident in raising our financial outlook for the remainder of the year.”