cracker barrel old country store inc stock cbrl slid 28 premarket tuesday after the restaurant and retail store operator said thirdquarter earnings were held in check by inflation and deteriorating consumer sentiment the company posted net income of 275 million or 191 a share for the quarter to april 29 down from 335 million or 141 a share in the yearearlier period adjusted pershare earnings came to 129 ahead of the 127 factset consensus revenue rose 11 to 7902 million from 7134 million a year ago squeezing ahead of the 7900 million factset consensus samerestaurant sales rose 109 and samestore sales rose 97 the factset consensus was for samerestaurant sales growth of 11 and samestore sales growth of 9 a challenging macro environment including deteriorating consumer sentiment and high inflationary pressures impacted both our top and bottom lines in the third quarter ceo sandra b cochran said in a statement the company is planning strategic initiatives to grow the business inlcuding focusing on storelevel execution to provide a superior guest experience expanding maple street biscuit company and positioning cracker barrel to be even more attractive to both our core guests as well as a broader audience she said the board has approved a share buyback program of up to 200 million the company expects fourthquarter revenue to be up 8 from a year ago compared with a factset consensus of 852 million implying growth of about 9 shares have fallen 21 in the year to date while the sp 500 spx has fallen 135