Cracker Barrel 2Q profit rises 27.3%

Cracker Barrel 2Q profit rises 27.3%

Mild weather, lower gas prices lift results

Cracker Barrel Old Country Store Inc. reported a 27.3-percent increase in net income for the second quarter ended Jan. 30, the company said Tuesday.

The Lebanon, Tenn.-based restaurant-retail operator said net income rose to $47.2 million, or $1.96 a share, from $37.1 million, or $1.55 a share, the previous year. Same-store restaurant sales rose 7.9 percent. During the quarter, Cracker Barrel saw a 3.2-percent increase in average check and a 4.7-percent rise in traffic.

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