The prospect of higher interest rates may slow the volume of mortgage refinancings this year, but Nolan said Fidelity still anticipates a big demand for refinance-related title insurance. “We remain encouraged by the order volumes we have seen the last two quarters as open orders have rebounded across multiple geographies to the levels we saw before the outbreak of the pandemic,” President Michael Nolan said in Fidelity’s conference call with analysts. The company’s title insurance revenue rose about 32% to $3.04 billion.
The Jacksonville-based company’s main business of title insurance also rose sharply in a strong mortgage market.įidelity’s total revenue rose about 60% to $3.77 billion, helped by its acquisition in June 2020 of annuity and life insurance company F&G. reported last week a big jump in fourth-quarter revenue, in part because of an acquisition. “As a result of the increased dining room closures and capacity restrictions, as well as the impact of reduced travel, our comparable store sales performance declined compared to the first quarter.” Fidelity title business jumpsįidelity National Financial Inc. “The second quarter is a key period for us due to its special connection with the holidays and our historically higher seasonal volumes, which are driven in part by seasonal travel,” she said.
#MAPLE STREET BISCUIT COMPANY CRACKER#
It said total revenue in the quarter dropped 20% to $677.2 million and restaurant sales at Cracker Barrel stores open for more than one year fell 21.9%.Ĭochran said a resurgence in COVID-19 cases in the holiday season hurt sales at its 663 Cracker Barrel restaurants. “We’re really pleased with the performance and they’ve exceeded our expectation, both in the comps (comparable-store sales) and in the progress they’re making on their operating income margins,” she said.Ĭracker Barrel did not include specific data for Maple Street in its report for the second quarter ended Jan.
“We’ve been really so focused on making sure we had the best sites as we opened new locations and that we understood what the best site looked like, which is why we’ve probably gone a little slower than we had originally planned to,” Cochran said in Cracker Barrel’s quarterly conference call with analysts. Cracker Barrel CEO Sandra Cochran said the company is “really pleased with the performance” of Maple Street Biscuit Company.
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