CBRL Research | Milton Maxwell

CBRL

Cracker Barrel Old Country Store, Inc.

25.98

-0.64-2.4%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ Mar 5, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

580.08M

P/E (TTM)

35.11

Basic EPS (TTM)

0.74

Dividend Yield

0.04%

Recent Filings

10-Q

12/9/25Dec 9, 2025

8-K

12/9/25Dec 9, 2025

8-K

11/24/25Nov 24, 2025

10-K

FY2025 results

9/26/25Sep 26, 2025

Cracker Barrel's FY2025 revenue edged up 0.4% to $3.48B, with restaurant sales climbing 1.3% year-over-year on 5.3% menu pricing amid 2.1% commodity inflation, while retail dipped 3.6% due to softer traffic. Q4 restaurant sales accelerated sequentially from Q3, buoyed by off-premise channels at 20% of mix and loyalty program tweaks, though overall comparable traffic fell 3.0% annually; margins held firm as labor efficiencies offset wage hikes. Operating income rose to $55M, or 1.6% of sales, from strategic pricing and lower impairments, with free cash flow (derived) at $60M supporting $23M in dividends and $159M capex. Year-end liquidity stood strong at $557M, including $516M revolver availability and $40M cash, yet activist pressures loom as a key risk to quarterly execution.

8-K

Q4 results and 2026 outlook

9/17/25Sep 17, 2025

Cracker Barrel reported fiscal 2025 Q4 revenue of $868.0 million, down 2.9% from last year but up 4.4% adjusted for the prior 53rd week, with comparable restaurant sales rising 5.4% yet retail dipping 0.8%. Adjusted EBITDA climbed 8.0% to $55.7 million on the adjusted basis, fueled by pricing gains and labor efficiencies, while full-year adjusted EBITDA grew 9.0% to $224.3 million. The company paused remodels and reverted to its 'Old Timer' logo amid guest feedback. Fiscal 2026 outlook projects revenue of $3.35-$3.45 billion and adjusted EBITDA of $150-$190 million, assuming 4-7% traffic decline. Debt remains a key pressure.

About

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. Its gift shops offer various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, food, cookware, and various other gift items, as well as various candies, preserves, and other food items. Cracker Barrel Old Country Store, Inc. was incorporated in 1969 and is headquartered in Lebanon, Tennessee.

CEO

Ms. Julie Felss Masino

IPO

11/5/1981

Website

https://www.crackerbarrel.com

Employees

76,730

Sector

Consumer Cyclical

Industry

Restaurants