Breaking News
Jun 6, 2023
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Cracker Barrel Old Country Store, Inc decreased 2.5% to $94.93 after the reported quarterly results that missed some investors' expectations.
Revenue in the fiscal third quarter ending in April increased 5.4% to $832.7 million, and comparable store restaurant sales increased 7.4% while comparable store retail sales fell 4.6%.
Net income declined to $14.0 million from $27.5 million and diluted earnings per share fell to 63 cents from $1.19 a year ago.
The company estimated fiscal fourth quarter revenue to increase between 1% and 3% and capital expenditure between $30 million and $35 million.
In the quarter, the restaurant company plans to open one new Cracker Barrel restaurant and five to seven new Maple Street Biscuit Company restaurants.
The company also estimated flat commodity inflation in the quarter and wage inflation of approximately 5% compared to a year ago.
GAAP operating income margin rate of 4.1% to 5.1% and adjusted operating income margin rate of 4.5% to 5.5%.
CBRL
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GitLab Inc increased 23.6% to $43.77 after the database developer reported smaller-than-estimated loss and offered a positive outlook for the current quarter and full-year.
Revenue in the fiscal first quarter ending in April increased 45% to $126.9 million from $87.4 million and net loss expanded to $52.5 million from $26.1 million and diluted loss per share widened to 35 cents from 18 cents a year ago.
The company guided fiscal second quarter revenue between $129.0 million and $130.0 million and for full-year between $541.0 million and $543.0 million.
The database developer forecasted non-GAAP fiscal second quarter net loss between 10 cents and 11 cents and for full-year 14 cents and 18 cents.
GTLB
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Mobileye Global Inc declined 2.5% to $41.44 after the company announced its plan to sell 35 million class A shares in a secondary offering according to a regulatory filing.
MBLY
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Thor Industries Inc soared 8.6% to $89.03 after the recreational vehicle maker reported better-than-expected quarterly earnings and lifted its full-year estimate.
Net sales in the third quarter ending in April dropped 37.1% to $2.93 billion and net income plunged to $120.7 million from $348.1 million and diluted earnings per share fell to $2.24 from $6.32 a year ago.
The company tightened its full-year net sales and diluted earnings per share outlook.
The company lowered its fiscal year 2023 sales range between $10.5 billion and $11.0 billion from the previous range between $10.5 billion and $11.5 billion.
Fiscal year 2023 diluted earnings per share range was revised to between $5.80 and $6.50 from between $5.50 and $6.50.
THO
