Cracker Barrel Old Country StoreAdjusted EPS came in well above analyst estimates in the latest quarterly report.

Cracker Barrel stock is surging after the restaurant chain's adjusted earnings per share came in well above analyst estimates in its latest quarterly report. Comparable restaurant sales fell about 2%, roughly half the decline analysts had expected, and shares rose about 7% in pre-market trading. The company, now led by new CEO David Dino, is also shrinking its store count, partly through the divestiture of Maple Street Biscuit Company. The stock is up 79% this year, and short interest stands at about 23.5% of float according to Bloomberg, a level that likely amplified the upward move through a short squeeze.
Cracker Barrel Old Country StoreAdjusted EPS came in well above analyst estimates in the latest quarterly report.
McDonald’s CorporationCracker Barrel is divesting Maple Street Biscuit Company as it shrinks store count.