00:00It's Benzinga bringing Wall Street to Main Street
00:02Cracker Barrel guided for higher sales this year as new CEO David Dino backed the restaurant
00:07chain's existing strategy and said he plans to sharpen its focus on food and customers,
00:11according to the Wall Street Journal.
00:13The company expects full-year revenue of $3.33 billion to $3.4 billion and comparable
00:19store restaurant sales growth of 3% to 5%.
00:22Cracker Barrel reported adjusted fourth-quarter earnings of $0.99 per share, beating analyst
00:27estimates of $0.17.
00:28Revenue fell 2.2% to $849.3 million but topped estimates of $834.6 million.
00:36Comparable store restaurant sales fell 2.1% while retail sales rose 0.7%.
00:42Dino also outlined plans to improve dinner offerings, simplify retail layouts, and expand loyalty
00:47program personalization.
00:49For all things money, visit Benzinga.com.
