5 Stocks Making Big Moves After Earnings Reports

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In this article, we discuss the 5 stocks making big moves after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Big Moves After Earnings Reports.

5. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Number of Hedge Fund Holders: 28

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) slipped nearly 3 percent on Tuesday, 21 September, 2021, after the company announced its fiscal fourth-quarter profit and sales below expectations.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) reported adjusted earnings of $2.25 per share for the three months ended 30 July 2021, compared to a loss of 85 cents per share in the year-ago quarter.

Revenue for the quarter jumped 58.4 percent on a year-over-year basis to $784.4 million. Analysts were expecting Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to report earnings of $2.33 per share on revenue of $794.7 million.

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Speaking on the results, CEO Sandra Cochran said:

“Despite the well-known headwinds that the industry continues to face with respect to staffing, commodity and wage inflation, and the resurgence of the pandemic, we were pleased that our fourth quarter profitability continued to trend positively from the third quarter and that our off-premise sales, retail business, and Maple Street Biscuit Company concept continued to outperform.”

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