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Cracker Barrel Old Country Store Q4 Earnings Call Highlights
The restaurant chain posted adjusted earnings of 99 cents per share and revenue of $849.3 million, both above analyst forecasts.
On Wednesday, General Mills Inc. reported fiscal first-quarter sales of $4.39 billion, exceeding the $4.35 billion average analyst estimate as consumers increasingly chose to eat at home.
Improved demand for pantry staples and breakfast cereals drove performance, as consumers facing persistently high inflation opted for home-cooked meals over dining out, lifting packaged food sales.
Adjusted profit reached 75 cents per share for the Minneapolis-based company, though higher input costs reduced adjusted gross margin to 33.3 percent of net sales, down 90 basis points.
Results surpassed Wall Street expectations, with the maker of Cheerios cereal and Yoplait yogurt successfully navigating the challenging economic environment to beat overall market forecasts.
General Mills expects full-year earnings in the range of $3 to $3.20 per share, reflecting management's outlook for the remainder of the 2027 fiscal year.