Cracker Barrel (CBRL) Q4 Earnings: What To Expect

Restaurant company Cracker Barrel (NASDAQ:CBRL) will be reporting results this Wednesday after the bell. Here’s what to expect.

Cracker Barrel met analysts’ revenue expectations last quarter, reporting revenues of $797.2 million, down 5.7% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.

This quarter, the market is expecting Cracker Barrel’s revenue to decline 9% year on year, a reversal from the 1.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cracker Barrel has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Cracker Barrel’s peers in the sit-down dining segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Red Robin’s revenues decreased 5.7% year on year, beating analysts’ expectations by 1.8%, and Brinker International reported revenues up 6.9%, topping estimates by 2.9%. Red Robin traded up 32.8% following the results while Brinker International was also up 2.1%.

Investors in the sit-down dining segment have had steady hands going into earnings, with share prices flat over the last month. Cracker Barrel is up 2.5% during the same time and is heading into earnings with an average analyst price target of $29.63 (compared to the current share price of $32.13).