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Restaurant Chain Cracker Barrel Posts Mixed Q3 Earnings Due To Lower Traffic: Details

Cracker Barrel Old Country Store reported a 1.9% decline in third-quarter FY24 sales to $817.135 million, missing the $820.614 million estimate. Comparable store retail sales fell 3.8%, with restaurant sales down 1.5%. Despite this, adjusted EPS of $0.88 exceeded the $0.66 estimate. The company revised its FY24 sales outlook to $3.47 billion - $3.51 billion.

CBRL

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Kohl’s Q1 Earnings: Revenue And Profit Miss, Outlook Cut, Stock Tumbles

Kohl's shares dropped as Q1 FY24 earnings fell short. Sales declined by 5.3% to $3.178 billion, missing the $3.335 billion estimate. Comparable sales dipped 4.4%, and EPS of $(0.24) missed the $0.03 consensus. The company slashed its FY24 sales growth outlook to a decline of (2%) - (4%), with EPS guidance lowered to $1.25 - $1.85.

KSS