Cracker Barrel Old Country Store, Inc. Q3 Profit Decreases, misses estimates

(RTTNews) - Cracker Barrel Old Country Store, Inc. (CBRL) reported earnings for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $13.97 million, or $0.63 per share. This compares with $27.52 million, or $1.19 per share, in last year's third quarter.

Excluding items, Cracker Barrel Old Country Store, Inc. reported adjusted earnings of $27.03 million or $1.21 per share for the period.

Analysts on average had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $832.69 million from $790.20 million last year.

Cracker Barrel Old Country Store, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $13.97 Mln. vs. $27.52 Mln. last year. -EPS (Q3): $0.63 vs. $1.19 last year. -Analyst Estimates: $1.34 -Revenue (Q3): $832.69 Mln vs. $790.20 Mln last year.