Cracker Barrel 2Q revenue rises 5%, net income drops

Cracker Barrel Old Country Store Inc. Tuesday said revenue and same-store sales were higher for the second quarter ended Jan. 27, but net income was driven lower by the cost of its recent proxy battle with investor Sardar Biglari.

Lebanon, Tenn.-based Cracker Barrel said total revenue for the quarter increased by 5.1 percent, to $673.2 million, from a year earlier, as the company operated 608 restaurants at the end of the latest quarter, compared with 597 at the end of the same 2011 qu

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