Cracker Barrel Swings to 3Q Profit, Posts Slightly Higher Sales

Cracker Barrel Old Country Store swung to a profit and logged higher sales in its fiscal third quarter, buoyed in part by higher menu prices.

The restaurant chain on Thursday posted a profit of $12.6 million, or 56 cents a share, for its quarter ended May 2, compared with a loss of $9.2 million, or 41 cents a share, in last year's comparable quarter.

Stripping out certain one-time items, adjusted earnings were 58 cents a share, topping the 21 cents a share that analysts...

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