Cracker Barrel Old Country Store Inc. blamed poor weather for a same-store sales decline in the second quarter ended Jan. 31. Same-store restaurant sales fell 0.6 percent, and same-store retail sales dropped 3 percent. However, a 2.3-percent increase in average check contributed to a 5-percent increase in net income despite a 1-percent decline in revenue. The average menu price increase during the quarter was approximately 1.8 percent. “The unusually severe winter weather ...
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Contact: Desiree Torres Desiree.Torres@penton.com