LEBANON Tenn. Shares of Cracker Barrel parent CBRL Group Inc. surged Tuesday as the company reiterated that full-year, per-share profit expectations should come in above Wall Street estimates and that annual same-store sales for the company’s fiscal year ending in July would remain positive despite industry headwinds. The rosy outlook came on the heels of an 80-percent drop in second-quarter net income, to $20.2 million, or 85 cents per share. The year-to-year drop was mainly because ...
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Contact: Desiree Torres Desiree.Torres@penton.com