OUSM

Image Source: Cracker Barrel By Brian Nelson, CFA Cracker Barrel (CBRL) reported fiscal third-quarter results June 2. While we can go into the numbers, there isn’t really much to read into the reported quarterly performance, as the market continues to look forward to better times. Many readers are aware of the dividend cut at Cracker Barrel, “Jobless Claims Spike; Restaurants, REITs in Trouble,” and that it suspended its fiscal 2020 guidance (not unlike many other firms), but what we found to be most encouraging was the company commentary on the conference call. Cracker Barrel is encouraged by recent top line trends, noting that it has “seen sequential improvements in weekly comparable store sales since (it) began reopening dining rooms,” and … Read more