Sit-Down Dining Stocks Q2 Recap: Benchmarking Cracker Barrel (NASDAQ:CBRL)

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Sit-Down Dining Stocks Q2 Recap: Benchmarking Cracker Barrel (NASDAQ:CBRL) Looking back on sit-down dining stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including ...

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These establishments span various cuisines and are renowned for their warm hospitality and welcoming ambiance, making them perfect for family gatherings, special occasions, or simply unwinding. Their extensive menus range from appetizers to indulgent desserts and wines and cocktails. This space is extremely fragmented and competition includes everything from publicly-traded companies owning multiple chains to single-location mom-and-pop restaurants.The 13 sit-down dining stocks we track reported a slower Q2. As a group, revenues were in line with analysts’ consensus estimates.Sit-Down Dining stocks have held steady amidst all this with average share prices relatively unchanged since the latest earnings results.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","STKS":"The ONE Group Hospitality, Inc.","QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","LU0566484027.USD":"安本美国小盘成长股","EAT":"布林克国际","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","BK4209":"餐馆","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","BK4112":"金融交易所和数据","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","DENN":"丹尼斯","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","QID":"纳指两倍做空ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BJRI":"BJs餐饮","CBRL":"CB乡村店","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","SQQQ":"纳指三倍做空ETF","NDAQ":"纳斯达克OMX交易所"},"translate_title":"Sit-Down Dining股票第二季度回顾：Cracker Barrel基准（纳斯达克：CBRL）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BJRI":1,".IXIC":1,"STKS":1,"CBRL":1,"DENN":1,"NDAQ":1,"EAT":0.9,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Sit-Down Dining Stocks Q2 Recap: Benchmarking Cracker Barrel (NASDAQ:CBRL) \n \n\nLooking back on sit-down dining stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Cracker Barrel (NASDAQ:CBRL) and its peers.\nSit-down restaurants offer a complete dining experience with table service. These establishments span various cuisines and are renowned for their warm hospitality and welcoming ambiance, making them perfect for family gatherings, special occasions, or simply unwinding. Their extensive menus range from appetizers to indulgent desserts and wines and cocktails. This space is extremely fragmented and competition includes everything from publicly-traded companies owning multiple chains to single-location mom-and-pop restaurants.\nThe 13 sit-down dining stocks we track reported a slower Q2. As a group, revenues were in line with analysts’ consensus estimates. \nThe Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be assessing whether this rate cut's timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has already cooled too much. \n Sit-Down Dining stocks have held steady amidst all this with average share prices relatively unchanged since the latest earnings results. \nCracker Barrel (NASDAQ:CBRL)\n Known for its country-themed food and merchandise, Cracker Barrel (NASDAQ:CBRL) is a beloved American restaurant and retail chain that celebrates the warmth and charm of Southern hospitality. \nCracker Barrel reported revenues of $894.4 million, up 6.9% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a miss of analysts’ earnings estimates. \nCommenting on the fourth quarter and full year results, Cracker Barrel President and Chief Executive Officer Julie Masino said, \"Our teams are highly engaged and intently focused on executing our strategic transformation and our day-to-day business at a high level. We are already making great progress and are encouraged by the initial results of key initiatives such as operational excellence and the guest experience, optimized pricing, and our remodel program. Although there is much work to be done, I am both excited and confident in our future.\"\n\n\n\nInterestingly, the stock is up 6.5% since reporting and currently trades at $44.28. \nRead our full report on Cracker Barrel here, it’s free. \nBest Q2: BJ's (NASDAQ:BJRI)\nFounded in 1978 in California, BJ’s Restaurants (NASDAQ:BJRI) is a chain of restaurants whose menu features classic American dishes, often with a twist. \nBJ's reported revenues of $349.9 million, flat year on year, in line with analysts’ expectations. The business had a very strong quarter with a solid beat of analysts’ earnings estimates. \n\n\n\nAlthough it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 11.4% since reporting. It currently trades at $33.01. \nIs now the time to buy BJ's? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: Denny's (NASDAQ:DENN)\nOpen around the clock, Denny’s (NASDAQ:DENN) is a chain of diner restaurants serving breakfast and traditional American fare. \nDenny's reported revenues of $115.9 million, flat year on year, falling short of analysts’ expectations by 2.6%. It was a disappointing quarter as it posted a miss of analysts’ earnings estimates. \nAs expected, the stock is down 20.6% since the results and currently trades at $6.09. \nRead our full analysis of Denny’s results here. \nThe ONE Group (NASDAQ:STKS)\nDoubling as a hospitality services provider for hotels and resorts, The One Group Hospitality (NASDAQ:STKS) is an upscale restaurant company that operates STK Steakhouse and Kona Grill. \nThe ONE Group reported revenues of $172.5 million, up 107% year on year. This print missed analysts’ expectations by 3.3%. It was a slower quarter as it also produced full-year revenue guidance missing analysts’ expectations. \nThe ONE Group pulled off the fastest revenue growth but had the weakest performance against analyst estimates and weakest performance against analyst estimates among its peers. The stock is down 13.1% since reporting and currently trades at $3.45. \nRead our full, actionable report on The ONE Group here, it’s free. \nBrinker International (NYSE:EAT)\nFounded by Norman Brinker in Dallas, Texas, Brinker International (NYSE:EAT) is a casual restaurant chain that operates under the Chili’s, Maggiano’s Little Italy, and It’s Just Wings banners. \nBrinker International reported revenues of $1.21 billion, up 12.3% year on year. This number surpassed analysts’ expectations by 3.8%. Zooming out, it was a mixed quarter as it also produced full-year revenue guidance beating analysts’ expectations but underwhelming earnings guidance for the full year. \nBrinker International delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 18% since reporting and currently trades at $82.96. \nRead our full, actionable report on Brinker International here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474714404"}