Cracker Barrel 1Q profit rises 25.3%

Cracker Barrel 1Q profit rises 25.3%

Family-dining chain positioned to grab travelers as gas prices drop

With about 40 percent of its customers nonlocal travelers, Cracker Barrel Old Country Store Inc. was well positioned to attract more motorists, fueled by lower gas prices, during its first quarter, executives said Tuesday.

For the Oct. 31-ended first quarter, Lebanon, Tenn.-based Cracker Barrel reported that net income rose 25.3 percent, to $34 million, or $1.42 per share, from $27.2 million, or $1.14 per share, in the prior-year quarter. Revenue rose 5.3 percent, to $683.4 mill

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