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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares are trading higher on Thursday.
The company reported second-quarter adjusted earnings per share of $1.38 beating the street view of $1.00. Quarterly sales of $949.44 million (+1.5% year over year), outpaced the analyst consensus estimate of $943.58 million.
Comparable store restaurant sales increased 4.7%, and comparable store retail sales increased 0.2%.
Adjusted EBITDA was $74.6 million, a 19.6% increase compared to the prior year’s adjusted EBITDA of $62.4 million. …
