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April 30, 2014
08:06 EDTCBRLCracker Barrel reports Q3 comparable restaurant sales down 0.7%
Reports Q3 Comparable restaurant traffic down 2.9%, comparable restaurant sales down 0.7%, and comparable retail sales up 0.7%. The company believes a continued challenging consumer environment, an increasingly promotional competitive landscape, particularly within the dinner daypart, and an overall reduction in vehicle travel due both to weather and shortened vacation periods impacted comparable store traffic, restaurant sales and retail sales during the quarter to date. Comparable store traffic and sales in March and April also reflect the later Easter holiday compared to the prior year period.
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