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DAILY EARNINGS

Cracker Barrel Net Jumps, Radiant Logistics Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 9:38 AM EDT September 13 2017

11:45 PM New York A-Mark Precious Metals fourth-quarter net soared but revenues plunged 24%. Cracker Barrel fourth-quarter net jumped 6% to $54 million. Radiant Logistics fourth-quarter net loss widened while revenues jumped 11%.

Tollbooth Index slipped 26.49 or 0.2% to 12,537.76.

Earnings Review

A-Mark Precious Metals Inc (AMRK), the precious metal trader reported revenues in the fourth-quarter ending in June plunged 24% from a year ago to $1.3 billion.

Net income in the quarter soared 14% to $1.2 million or 17 cents per diluted share from $1.1 million or 15 cents in the same quarter last year.

In the quarter gold sales declined 59% to 290,000 ounces from 711,000 ounces in a year ago period and slumped 50% 579,000 ounces from the third quarter.

Sales in silver business plummeted 45% to 14.1 million ounces from 25.8 million ounces in a year ago period and dropped 32% to 20.9 million ounces from the third quarter.

Cracker Barrel Old Country Store, Inc (CBRL), the restaurants and bars operator reported revenues in the fourth-quarter ending on July 28fell 0.3% from a year ago to $743.2 million.

Comparable store restaurant sales in the quarter decreased 0.8% and average menu price increased 1.4%. Comparable store retail sales slumped 4.4%.

Net income in the quarter jumped 5.7% to $53.9 million or $2.23 per diluted share from $51 million or $2.12 in the same quarter last year.

The restaurants operator forecasted fiscal 2018 total revenue of about $3.1 billion and comparable store restaurant sales in the range of 2.5% to 3.5% and estimated diluted earnings per share between $1.85 and $1.95.

The restaurant operator plans to open eight or nine new Cracker Barrel stores and three or four new Holler & Dash stores

Radiant Logistics Inc (RLGT), the third-party logistics services provider said revenues in the fourth-quarter ending in June jumped 10.6% from a year ago to $201.8 million.

Net loss in the quarter widened to $1 million or 2 cents per diluted share from $0.6 million or 1 cent in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc