Cracker Barrel 1Q profit surges

LEBANON Tenn. Citing positive same-store sales for the first time in more than a year, Cracker Barrel Old Country Store Inc. said net income rose 40.5 percent for its first quarter ended Oct. 30.

The Lebanon-based operator of family restaurants also credited its profit gain to a 16.7-percent improvement in operating income and lower interest expense.

Cracker Barrel earned $18.0 million, or 78 cents per share, for the first quarter, compared with

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