Cracker Barrel 2Q profit falls, but stock soars

LEBANON Tenn. Cracker Barrel Old Country Store Inc., the operator of 588 restaurants and gift shops, posted Tuesday a 9-percent drop in its fiscal 2009 second-quarter profit on slowed sales, but still beat Wall Street estimates, which sent its stock up 16.4 percent.

The company also refined its forecast for the full fiscal year, which ends in July, to include nearly flat revenues that would reflect negative same-store sales, but maintained earnings guidance.

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