LEBANON, Tenn. (AP) — LEBANON, Tenn. (AP) — Cracker Barrel Old Country Store Inc. (CBRL) on Tuesday reported a loss of $24.6 million in its fiscal first quarter.
The Lebanon, Tennessee-based company said it had a loss of $1.10 per share. Losses, adjusted for one-time gains and costs, came to 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 78 cents per share.
The restaurant operator posted revenue of $797.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $801.1 million.
Cracker Barrel expects full-year revenue in the range of $3.2 billion to $3.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRL at https://www.zacks.com/ap/CBRL