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CBRL / Cracker Barrel stock tumbles more than 11% after big profit miss, trimmed revenue outlook

Shares of Cracker Barrel Old Country Store Inc. CBRL, -1.08% tumbled 11.5% in premarket trading Friday, after the home-style restaurant chain with retail stores inside missed fiscal first-quarter profit expectations, as cost inflation surpassed menu price increases, and trimmed its full-year revenue outlook. Net income dropped to $17.1 million, or 77 cents a share, from $33.4 million, or $1.41 a share, in the year-ago period. Read More

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Posted: Dec 2 2022, 08:46

Author Name: Market Watch

CBRL News

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