CBRL’s 3rd-Q profit drops 15%

LEBANON Tenn. CBRL Group Inc., operator of the 576-unit Cracker Barrel Old Country Store chain, reported a 15-percent drop in its third-quarter profit as slower guest traffic, higher costs and a lack of interest income ate into the company’s bottom line.

The quarter’s results, which came in below analyst expectations, led CBRL to tighten its full-year earnings outlook to between $3.02 per share and $3.12 per share, from the company’s prior expectation of betwe

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