Cracker Barrel reports 4th Q earnings hike

Cracker Barrel Old Country Store Inc. said its earnings jumped 20 percent in the fourth quarter helped by higher revenues and lower food costs.

The company, parent of the Lebanon, Tenn.-based Cracker Barrel family-dining chain, said for the fourth quarter ended July 30 net income rose to $27.4 million, or $1.14 per share, from $22.8 million, or 99 cents a share, in the same quarter a year ago.

Revenue for the quarter increased 2.8 percent, to $612.5 million, from $595.6 million

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