Cracker Barrel’s 1Q Sales Exceed Expectations
Cracker Barrel Old Country Store reported its financial results for the first quarter of fiscal 2017 ended October 28.
First Quarter Fiscal 2017 Highlights
Compared to the prior year first quarter, comparable store restaurant sales increased 1.3 percent, marking the company’s 10th consecutive quarter of positive comparable store restaurant sales.
Operating income as a percent of total revenue increased 140 basis points, over the prior year quarter, to 10.7 percent.
Commenting on the first quarter and fiscal year outlook, Cracker Barrel president and chief executive officer Sandra B. Cochran says, “This quarter’s financial results exceeded our expectations, reflecting the strength