CBRL
Cracker Barrel Old Country Store, Inc.25.98
-0.64-2.4%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Traffic improving; FY guide narrowed.
Q&A offered granular color on traffic's gradual improvement into February, narrowing full-year expectations to down 8.5%-9.5% amid easier Q3 comps but tougher Q4. Management highlighted loyalty retention among high-value guests and recapture of lapsed ones via targeted testing, while noting brand sentiment trails casual dining peers. Craig detailed customer mix—near-average income, travel exposure offset by 65+ tax benefits—and flagged smaller tariff hits. Gas prices monitor disposable income more than pre-COVID. Analysts probed recovery pace; answers stayed qualitative. Green shoots persist. Watch Q4 traffic.
Key Stats
Market Cap
580.08MP/E (TTM)
35.11Basic EPS (TTM)
0.74Dividend Yield
0.04%Recent Filings
8-K
Q2 revenue plunges 7.9%
Cracker Barrel reported Q2 fiscal 2026 revenue of $874.8M, down 7.9% year-over-year, with restaurant sales off 7.1% and retail 9.2%. GAAP EPS fell to $0.06 from $0.99; adjusted EBITDA dropped to $38.2M. Revenue tumbled. Yet outlook tightened to $3.24B-$3.27B with adjusted EBITDA $85M-$100M, signaling confidence amid litigation settlement cash boost.
10-Q
Q2 FY2026 results
Cracker Barrel's Q2 revenue fell 7.9% y/y to $874.8M, with restaurant sales down 7.5% to $694.3M and retail off 9.3% to $180.5M, driven by 10.1% traffic drop despite 3.4% average check gains. Operating income shrank to $0.5M from $29.1M y/y as labor rose to 36.1% of sales and occupancy costs climbed 1.3 points, yet G&A dropped sharply on lower incentives. Diluted EPS held at $0.06, confirmed against 22.5M shares. Cash dipped to $8.6M amid $2.2M operating outflow, but $496M revolver availability cushions $531M total debt including $45.5M at 6.18%. Traffic weakness lingers.
8-K
ICR Conference updates
Cracker Barrel management is presenting at the 2026 ICR Conference January 12-14, disclosing operational improvements like 19.2% YoY gain in guest satisfaction and 10.7 million Rewards members. Balance sheet strengthened with $485M liquidity, $550.3M debt, and senior leverage ratio switched to 0.3x versus 3.0x cap. Debt stays manageable.
10-Q
Q1 FY2026 results
Cracker Barrel's Q1 FY2026 revenue fell 5.7% y/y to $797.2M, with restaurant sales down 4.7% (derived) on 7.3% traffic drop yet 2.9% average check rise, while retail slid 8.5% (derived). Operating loss hit $32.8M from $7.1M profit, driven by higher store occupancy, advertising, and $3.5M store closing costs; net loss was $24.6M or $(1.10) diluted EPS, matching basic due to anti-dilution. Cash drained to $8.9M amid $53.4M operating outflow; total debt stood at $550.3M including $65M revolver draw, with $476.3M availability and covenant compliance. Capex ran $35.5M. Traffic stays soft.
8-K
Q1 revenue drops 5.7%
Cracker Barrel reported Q1 FY2026 revenue of $797.2M, down 5.7% year-over-year, with comp restaurant sales off 4.7% and retail 8.5%. GAAP loss per share hit ($1.10); adjusted EBITDA plunged to $7.2M from $45.8M. Slashing FY2026 revenue outlook to $3.2B-$3.3B and adjusted EBITDA to $70M-$110M, citing cost savings from corporate restructuring. Recovery lags.
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