Cracker Barrel reports Q2 adjusted EPS 25c, consensus (30c)

Reports Q2 revenue $874.8M, consensus $864.35M. Compared to the prior year quarter, comparable store restaurant sales decreased 7.1% and comparable store retail sales decreased 9.2%. Cracker Barrel (CBRL) President and CEO Julie Masino said, “Our disciplined focus on operational excellence is driving significant improvements in several key guest metrics, many of which serve as important leading traffic indicators. We have also taken additional actions to improve financial performance and remain confident that we are well-positioned to regain prior momentum.”