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Factors Setting the Tone for Cracker Barrel (CBRL) Q1 Earnings

Zacks Equity Research

Cracker Barrel Old Country Store, Inc. CBRL is scheduled to report first-quarter fiscal 2020 results on Nov 26. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 11.1%.

How Are Estimates Faring?

The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.00, indicating a 2% increase from the year-ago quarter reported figure. Over the past 30 days, the company’s earnings estimates have witnessed an upward revision of 4 cents per share. For revenues, the consensus mark is pinned at nearly $755.2 million, suggesting a 3% increase from the prior-year quarter reported figure.

Let us delve deeper into factors that are likely to influence Cracker Barrel’s first-quarter results.

Factors at Play

Cracker Barrel’s first-quarter fiscal 2020 earnings are likely to have benefited robust comparable restaurant sales. The company’s efforts to increase off-premise sales and menu innovation are likely to get reflected in the upcoming quarterly results. Moreover, expansion of units, extensive marketing efforts, seasonal promotions along with cost-saving initiatives are likely to have worked in favor.

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In the quarter under review, the company’s bottom line is likely to have benefited from cost-saving initiatives. Cracker Barrel is carrying out its cost-saving plan through its two prime initiatives — food waste and labor management. However, decline in comps is likely to show on the company’s results.

Cracker Barrel Old Country Store, Inc. Price and EPS Surprise

 

Cracker Barrel Old Country Store, Inc. Price and EPS Surprise
Cracker Barrel Old Country Store, Inc. Price and EPS Surprise

Cracker Barrel Old Country Store, Inc. price-eps-surprise | Cracker Barrel Old Country Store, Inc. Quote

What Does the Zacks Model Unveil?

Our proven model predicts an earnings beat for Cracker Barrel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Cracker Barrel has an Earnings ESP of +4.26% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Peer Releases

Dunkin' Brands Group, Inc. DNKN reported mixed results in third-quarter 2019, wherein earnings surpassed the Zacks Consensus Estimate but revenues lagged the same. Its adjusted earnings of 90 cents per share surpassed the consensus estimate of 81 cents by 11.1%. Revenues increased 1.7% year over year to $355.9 million but missed the consensus mark of $359 million.

Brinker International, Inc. EAT reported mixed first-quarter fiscal 2020 results, wherein earnings were in line with the Zacks Consensus Estimate but revenues lagged the same. Adjusted earnings of $41 cents per share declined 12.8% from the year-ago quarter, mainly due to increase in stock-based compensation expenses for newly retired executives. Quarterly revenues totaled $786 million, which missed the consensus mark of $788 million but improved 4.3% on a year-over-year basis.

Chipotle Mexican Grill, Inc. CMG reported third-quarter 2019 results, wherein earnings and revenues surpassed the respective Zacks Consensus Estimate. The company’s adjusted earnings of $3.82 per share surpassed the Zacks Consensus Estimate of $3.20. The bottom line also improved 76.9% from the year-ago quarter, driven by increased revenues and strong operating margins. Quarterly revenues of $1.4 billion surpassed the consensus estimate by 1.8% and improved 14.6% year over year.

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Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report
 
Brinker International, Inc. (EAT) : Free Stock Analysis Report
 
Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
 
Dunkin' Brands Group, Inc. (DNKN) : Free Stock Analysis Report
 
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