Cracker Barrel Old Country Store Inc. reported on Tuesday a 17.1-percent increase in profit for the Nov. 1-ended first quarter compared to the same period last year. The Lebanon, Tenn.-based family dining chain said traffic was off slightly, falling 0.1 percent, but average check rose 2.9 percent in the quarter compared to the year-earlier period.
The company said October’s 16-day partial shutdown of the federal government had a negative impact on same-store traffic and sales of between 20 and 30 basis points for the quarter. Cracker Barrel operates 625 restaurant-retails units in 42 states.
NET INCOME
Result: $27.2 million, or $1.14 per share% Increase: 17.1% (from $23.2 million, or 97 cents per share)
REVENUE
Result: $649.1 million% Increase: 3.5% (from $627.5 million)
SAME-STORE SALES
% Increase: 2.8%
Source: Company report
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