Cracker Barrel Old Country Store Inc (CBRL)

CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOKJune 9, 2026 4:05 PM
PR Newswire (US) Company increases revenue and adjusted EBITDA1,2 guidance LEBANON, Tenn., June 9, 2026 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2026 ended May 1, 2026.Cracker Barrel President and Chief Executive Officer Julie Masino said, "Our initiatives to improve operations, deepen guest connection, and enhance profitability continue to gain traction, with strong execution from our teams driving third quarter results that exceeded expectations. We remain focused on serving delicious food and delivering experiences guests love and believe we are well-positioned to sustain this new momentum."Third Quarter Fiscal 2026 HighlightsTotal revenue was $797.4 million. Compared to the prior year quarter, total revenue decreased 2.9%.  Compared to the prior year quarter, comparable store restaurant sales decreased 2.6%, and comparable store retail sales decreased 1.8%.GAAP earnings per diluted share were $1.90, and adjusted1 earnings per diluted share were $0.29.GAAP net income was $42.8 million compared to the prior year quarter GAAP net income of $12.6 million. The current year GAAP net income results include a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.Adjusted EBITDA1 was $40.3 million compared to the prior year quarter adjusted EBITDA1 of $48.1 million.
Third Quarter Ended(In thousands, except per share amounts)5/1/265/2/25
Revenue$797,367$821,147
GAAP net income $42,811$12,574
Adjusted net income1 $6,533$13,123
Adjusted EBITDA1$40,305$48,117
GAAP earnings per share – diluted$1.90$0.56
Adjusted1 earnings per share – diluted$0.29$0.58
Balance Sheet & Capital AllocationDuring the third quarter, the Company received $47.4 million, net of legal fees, pursuant to a settlement agreement resolving interchange fee litigation. This amount is recorded in the litigation settlement income line on the Consolidated Income Statement.The Company ended the third quarter with total debt of $486.6 million, comprised of $149.9 million of short-term debt related to its 0.625% Convertible Senior Notes due June 2026 and $336.8 million of long-term debt related to its 1.75% Convertible Senior Notes due 2030, with no outstanding borrowings on its credit facility.The Company intends to pay the $149.9 million of short-term debt related to its 0.625% Convertible Senior Notes by its maturity in June 2026 by drawing on its existing revolving credit facility. At the end of the third quarter, the Company had approximately $541.3 million in available capacity under its credit facility.The Company announced that its Board of Directors declared a quarterly dividend of $0.25 per share of the Company's common stock. The quarterly dividend is payable on August 12, 2026 to shareholders of record as of July 17, 2026.Fiscal 2026 Outlook
The Company provided the following updated outlook for fiscal 2026:Total revenue of $3.27 billion to $3.30 billion (vs. previous outlook of $3.24 billion to $3.27 billion)Adjusted EBITDA1 of $120 million to $125 million2 (vs. previous outlook of $85 million to $100 million2)Commodity inflation in the low 2% range (vs. previous outlook of 2.0% to 2.5%)Hourly wage inflation in the low 2% range (vs. previous outlook of 2.5% to 3.0%)Capital expenditures of $105 million to $115 million (no change vs. previous outlook)2 new Cracker Barrel stores, both of which have opened (no change vs. previous outlook)1 EBITDA, adjusted net income, adjusted EBITDA, and adjusted earnings per diluted share are non-GAAP financial measures. For definitions of these non-GAAP measures and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures, please refer to the Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results section of this release. 2 The Company has determined to provide guidance focused on adjusted EBITDA1 because the Company believes it will be more useful to investors to evaluate the Company's performance prior to the impact of depreciation, taxes, impairment charges, and other items that management believes are not reflective of the Company's current operations. The Company is not able to reconcile the forward-looking estimate of adjusted EBITDA1 set forth above to a forward-looking estimate of net income, the most directly comparable estimated measure calculated in accordance with GAAP, without unreasonable efforts because the Company is unable to predict, forecast or determine the probable significance of certain items impacting these estimates, including interest expense, taxes, impairment charges and share-based compensation, with a reasonable degree of accuracy. Accordingly, the most directly comparable forward-looking GAAP estimate is not provided.3 Consolidated senior leverage is defined as total debt (other than subordinated debt and unsecured debt) divided by adjusted EBITDA1 (as defined under our revolving credit facility). Fiscal 2026 Third Quarter Conference Call
As previously announced, the live broadcast of Cracker Barrel's quarterly conference call will be available to the public online at investor.crackerbarrel.com today beginning at 5:00 p.m. (ET). The online replay will be available tomorrow and through June 23, 2026.About Cracker Barrel Old Country Store®
Cracker Barrel Old Country Store, Inc. – rooted in a rich legacy of warmth, generosity, and tradition – is on a mission to bring the goodness of country hospitality to life. Since 1969, when the first store opened in Lebanon, Tenn., Cracker Barrel has been serving up abundant portions of craveable homestyle food and offering one-of-a-kind retail finds. With approximately 660 company-owned Cracker Barrel Old Country Store® locations in 43 states, and ownership of the fast-casual Maple Street Biscuit Company, the brand continues to honor its heritage while welcoming everyone with more than a meal. For more information, visit CrackerBarrel.com.CBRL-FExcept for specific historical information, certain of the matters discussed in this press release may express or imply projections of items such as revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These and similar statements regarding events or results that the Company expects will or may occur in the future are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual results and performance of the Company to differ materially from those expressed or implied by such forward-looking statements. All forward-looking information is provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these risks, uncertainties and other factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "trends," "assumptions," "target," "guidance," "outlook," "opportunity," "future," "plans," "goals," "objectives," "expectations," "near-term," "long-term," "projection," "may," "will," "would," "could," "expect," "intend," "estimate," "anticipate," "believe," "potential," "regular," "should," "projects," "forecasts," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology.  The Company believes that the assumptions underlying any forward-looking statements are reasonable; however, any of the assumptions could be inaccurate, and therefore, actual results may differ materially from those projected in or implied by the forward-looking statements.  In addition to the risks of ordinary business operations, factors and risks that may result in actual results differing from this forward-looking information include, but are not limited to risks and uncertainties associated with inflationary conditions with respect to the price of commodities, ingredients, transportation, distribution and labor; disruptions to the Company's restaurant or retail supply chain; effects of changes in international, national, regional and local economic and market conditions (such as the imposition of trade barriers or other changes in trade policy) on our business; the Company's ability to manage retail inventory and merchandise mix; the Company's ability to sustain or the effects of plans intended to improve operational or marketing execution and performance or liquidity; the impact of adverse or extreme weather events on sales and customer travel; the effects of increased competition at the Company's locations on sales and on labor recruiting, cost, and retention; consumer behavior based on negative publicity or changes in consumer health or dietary trends or safety aspects of the Company's food or products or those of the restaurant industry in general, including concerns about outbreaks of infectious disease; the effects of the Company's indebtedness and associated restrictions on the Company's financial and operating flexibility and ability to execute or pursue its operating plans and objectives; changes in interest rates, increases in borrowed capital or capital market conditions affecting the Company's financing costs and ability to refinance its indebtedness, in whole or in part; the Company's reliance on a single distribution facility and certain significant vendors, particularly for foreign-sourced retail products; information technology disruptions and data privacy and information security breaches, whether as a result of infrastructure failures, employee or vendor errors or actions of third parties; the Company's compliance with privacy and data protection laws; changes in or implementation of additional governmental or regulatory rules, regulations and interpretations affecting tax, health and safety, animal welfare, pensions, insurance or other undeterminable areas; the actual results of pending, future or threatened litigation or governmental investigations; or the Company's ability to manage the impact of negative social media attention and the costs and effects of negative publicity; the impact of activist shareholders; the Company's ability to achieve aspirations, goals and projections related to its sustainability initiatives; the Company's ability to enter successfully into new geographic markets that may be less familiar to it; changes in land, building materials and construction costs; the availability and cost of suitable sites for restaurant development and the Company's ability to identify those sites; the Company's ability to retain key personnel; the ability of and cost to the Company to recruit, train, and retain qualified hourly and management employees; uncertain performance of acquired businesses, strategic investments and other initiatives that the Company may pursue from time to time; the effects of business trends on the outlook for individual restaurant locations and the effect on the carrying value of those locations; general or regional economic weakness, business and societal conditions; discretionary income or personal expenditure activity of the Company's customers; implementation of new or changes in interpretation of existing accounting principles generally accepted in the United States of America ("GAAP"); and other factors described from time to time in the Company's filings with the Securities and Exchange Commission, press releases, and other communications. Any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. The Company expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED INCOME STATEMENT(Unaudited)(In thousands, except share and per share amounts, percentages and ratios) 

Third Quarter Ended
Nine Months Ended
5/1/265/2/25Percentage
Change
5/1/265/2/25Percentage
Change
Total revenue$797,367$821,147(3 %)
$2,469,372$2,615,675(6 %)
Cost of goods sold (exclusive of depreciation & rent)240,973247,280(3)
782,038816,013(4)
Labor and other related expenses302,083304,781(1)
919,110938,342(2)
Other store operating expenses198,198207,486(4)
644,546639,0591
General and administrative expenses49,39346,0257
145,401167,341(13)
Impairment and store closing costs0718(100)
3,8913,8691
Operating income (loss) 6,72014,857(55)
(25,614)51,051(150)
Litigation settlement income(47,422)0

(47,422)0

Interest expense3,6684,984(26)
11,42515,784(28)
Income before income taxes50,4749,873411
10,38335,267(71)
Provision for income taxes (income tax benefit)7,663(2,701)384
(9,088)(4,358)(109)
Net income$42,811$12,574240
$19,471$39,625(51)









Earnings per share – Basic:$1.92$0.56243
$0.87$1.78(51)
Earnings per share – Diluted:$1.90$0.56239
$0.86$1.77(51)









Weighted average shares:







    Basic22,351,31822,264,7820
22,328,45022,246,9360
    Diluted22,500,16822,459,2810
22,513,41922,435,3170









Ratio Analysis







Total revenue:







    Restaurant82.6 %82.7 %

81.1 %80.8 %

    Retail17.417.3

18.919.2

Total revenue100.0100.0

100.0100.0

Cost of goods sold (exclusive of depreciation & rent) 30.230.1

31.731.2

Labor and other related expenses37.937.1

37.235.9

Other store operating expenses24.925.3

26.124.4

General and administrative expenses6.25.6

5.96.4

Impairment and store closing costs0.00.1

0.10.1

Operating income (loss) 0.81.8

(1.0)2.0

Litigation settlement income(5.9)0.0

(1.9)0.0

Interest expense0.40.6

0.50.7

Income before income taxes 6.31.2

0.41.3

Provision for income taxes (income tax benefit)0.9(0.3)

(0.4)(0.2)

Net income5.4 %1.5 %

0.8 %1.5 %

 CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited and in thousands, except share amounts)
5/1/26
5/2/25
Assets



   Cash and cash equivalents$26,050
$9,814
   Accounts receivable34,689
37,439
   Inventories179,935
168,695
   Prepaid expenses and other current assets               49,878
60,877
   Property and equipment, net955,860
971,021
   Operating lease right-of-use assets, net764,571
822,269
   Intangible assets24,325
24,369
   Other assets52,569
44,565
           Total assets$2,087,877
$2,139,049





Liabilities and Shareholders' Equity



   Accounts payable$131,002
$121,117
   Current portion of long-term debt149,850
0
   Other current liabilities299,203
301,916
   Long-term debt336,783
489,410
   Long-term operating lease liabilities608,049
653,060
   Other long-term obligations97,520
104,235
   Shareholders' equity, net465,470
469,311
          Total liabilities and shareholders' equity$2,087,877
$2,139,049





Common shares issued and outstanding22,351,460
22,266,951
 CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED CASH FLOW STATEMENT(Unaudited and in thousands)
Nine Months Ended
5/1/26
5/2/25Cash flows from operating activities:


             Net income$19,471
$39,625             Depreciation and amortization91,760
90,379             Amortization of debt issuance costs1,998
1,329             Loss on disposition of property and equipment5,066
6,249             Impairment 418
3,581             Share-based compensation3,186
8,056             Noncash lease expense45,735
45,560             Amortization of asset recognized from gain on sale and leaseback transaction9,551
9,551             Decrease in inventories650
12,263             Decrease in accounts payable(38,846)
(41,171)             Net changes in other assets and liabilities(46,483)
(58,745)                           Net cash provided by operating activities92,506
116,677Cash flows from investing activities:


             Purchase of property and equipment, net of insurance recoveries(87,896)
(113,214)             Proceeds from sale of property and equipment1,301
1,829                           Net cash used in investing activities(86,595)
(111,385)Cash flows from financing activities:


              Net proceeds from long-term debt 0
11,425              Taxes withheld from issuance of share-based compensation awards(1,943)
(1,428)              Dividends on common stock(17,561)
(17,510)                           Net cash used in financing activities(19,504)
(7,513)



Net decrease in cash and cash equivalents(13,593)
(2,221)Cash and cash equivalents, beginning of period39,643
12,035Cash and cash equivalents, end of period$26,050
$9,814 
Third Quarter Ended
5/1/26
5/2/25Company-owned units opened during quarter:


     Cracker Barrel1
1     Maple Street Biscuit Company0
1



Company-owned units closed during quarter:


     Cracker Barrel0
0     Maple Street Biscuit Company2
0Company-owned units in operation at end of quarter:


     Cracker Barrel657
658     Maple Street Biscuit Company52
70



Total stores at end of period 709
728 
Third Quarter Ended
Nine Months Ended
5/1/26
5/2/25
5/1/26
5/2/25Total revenue*: (In thousands)






      Restaurant$644,300
$661,945
$1,959,504
$2,061,681      Retail138,903
141,695
465,836
502,052      Total revenue$783,203
$803,640
$2,425,340
$2,563,733







Cost of goods sold* (exclusive of depreciation
and rent): (In thousands)






      Restaurant$168,202
$173,431
$523,521
$546,757      Retail69,129
69,346
246,824
256,015      Total cost of goods sold$237,331
$242,777
$770,345
$802,772







  Average unit volume*: (In thousands)






      Restaurant$980.7
$1,006.0
$2,984.2
$3,134.8      Retail211.4
215.3
709.5
763.4      Total$1,192.1
$1,221.3
$3,693.7
$3,898.2Operating weeks*:8,541
8,554
25,608
25,649
Note*: This information is for Cracker Barrel stores only and excludes Maple Street Biscuit Company. CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results 
(Unaudited and in thousands, except per share amounts)Adjusted Net Income and Earnings Per Share
In the accompanying press release, the Company makes reference to adjusted net income (loss) and adjusted earnings (loss) per share. The Company defines adjusted net income (loss) as net income (loss), calculated in accordance with GAAP, excluding, to the extent the following items occurred during the periods presented: (i) impairment charges, and, for periods prior to the second quarter of fiscal 2025, store closing costs, (ii) expenses related to the proxy contest in connection with the Company's 2024 and 2025 annual meeting of shareholders, (iii) expenses associated with the Company's strategic transformation initiative, (iv) a corporate restructuring charge that includes consulting fees related to business model improvement and severance related to a reduction in headcount, (v) a gain on extinguishment of debt related to the Company's repurchase of $150 million aggregate principal amount of its 0.625% convertible senior notes due June 2026, (vi) store closing costs associated with MSBC reorganization, (vii) a benefit of approximately $47 million related to a litigation settlement that occurred in the third quarter of fiscal 2026, and (vii) the related tax impacts of the foregoing. The Company believes excluding these items from its financial results provides investors with an enhanced understanding of the Company's financial results and enhances comparability across periods. The Company calculates adjusted net income (loss) margin by dividing adjusted net income (loss) by consolidated GAAP revenue. The Company calculates adjusted net income (loss) per share by dividing adjusted net income (loss) by weighted average shares outstanding for the applicable period. This information is not intended to be considered in isolation or as a substitute for net income (loss) or earnings (loss) per share information prepared in accordance with GAAP.
Third Quarter Ended
Nine Months Ended
5/1/26
Margin
5/2/25
Margin
5/1/26
Margin
5/2/25
Margin
Revenue$797,367
100 %
$821,147
100 %
$2,469,372
100 %
$2,615,675
100 %

















GAAP net income42,811
5.4
12,574
1.5
19,471
0.8
39,625
1.5
Strategic transformation initiative expenses0
0.0
0
0.0
0
0.0
7,263
0.3
Impairment and store closing costs0
0.0
718
0.1
418
0.0
3,581
0.1
Store closing costs associated with MSBC reorganization0
0.0
0
0.0
3,095
0.1
0
0.0
Proxy contest expenses0
0.0
0
0.0
4,072
0.2
8,220
0.3
Corporate restructuring charge 0
0.0
0
0.0
8,743
0.4
0
0.0
Litigation settlement income(47,422)
(5.9)
0
0.0
(47,422)
(1.9)
0
0.0
Tax impacts of the foregoing 11,144
1.4
(169)
(0.0)
7,307
0.3
(4,480)
(0.2)
Adjusted net income (loss)$6,533
0.8 %
$13,123
1.6 %
($4,316)
(0.2 %)
$54,209
2.1 %

















GAAP Earnings per share - basic$1.92


$0.56


$0.87


$1.78


GAAP Earnings per share - diluted$1.90


$0.56


$0.86


$1.77



















Adjusted Earnings (loss) per share - basic$0.29


$0.59


($0.19)


$2.44


Adjusted Earnings (loss) per share - diluted$0.29


$0.58


($0.19)


$2.42



















Weighted average shares - basic22,351,318


22,264,782


22,328,450


22,246,936


Weighted average shares - diluted22,500,168


22,459,281


22,513,419


22,435,317


CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results 
(Unaudited and in thousands)
EBITDA/Adjusted EBITDA In the accompanying press release and the below reconciliation tables, the Company makes reference to EBITDA and adjusted EBITDA. The Company defines EBITDA as net income, calculated in accordance with GAAP, excluding depreciation and amortization, interest expense and tax expense. The Company further adjusts EBITDA to exclude, to the extent the following items occurred during the periods presented: (i) expenses related to share-based compensation, (ii) impairment charges, and, for periods prior to the second quarter of fiscal 2025, store closing costs, (iii) the proxy contest in connection with the Company's 2024 and 2025 annual meeting of shareholders, (iv) expenses associated with the Company's strategic transformation initiative, (v) a corporate restructuring charge that includes consulting fees related to business model improvement and severance related to a reduction in headcount, (vi) a gain on extinguishment of debt related to the Company's repurchase of $150 million aggregate principal amount of its 0.625% convertible senior notes due June 2026, (vii) store closing costs associated with MSBC reorganization, and (vii) a benefit of approximately $47 million related to a litigation settlement that occurred in the third quarter of fiscal 2026. The Company calculates EBITDA and adjusted EBITDA margin by dividing EBITDA and adjusted EBITDA by consolidated GAAP revenue. The Company believes that presentation of EBITDA and adjusted EBITDA (together with related margin figures) provides investors with an enhanced understanding of the Company's operating performance and debt leverage metrics and enhances comparability with the Company's historical results, and that the presentation of this non-GAAP financial measure, when combined with the primary presentation of net income (loss), is beneficial to an investor's complete understanding of the Company's operating performance. This information is not intended to be considered in isolation or as a substitute for net income or net income margin prepared in accordance with GAAP.
Third Quarter Ended 5/1/26Margin 
Nine Months Ended
5/1/26Margin
Revenue$797,367100 %
$2,469,372100 %







GAAP Net income42,8115.4
19,4710.8
 (+) Depreciation & amortization31,0383.9
91,7603.7
 (+) Interest expense3,6680.5
11,4250.5
 (+) Tax expense (tax benefit)7,6631.0
(9,088)(0.4)
EBITDA$85,18010.7 %
$113,5684.6 %
Adjustments





 (+) Share-based compensation2,5470.3
3,1860.1
 (+) Impairment00.0
4180.0
 (+) Store closing costs associated with MSBC reorganization00.0
3,0950.1
 (+) Proxy contest expenses 00.0
4,0720.2
 (+) Corporate restructuring charge00.0
8,7430.4
 (-) Litigation settlement income(47,422)(5.9)
(47,422)(1.9)
Adjusted EBITDA$40,3055.1 %
$85,6603.5 %


Third Quarter Ended5/2/25Margin  
Nine Months Ended
5/2/25MarginRevenue$821,147100 %
$2,615,675100 %





GAAP Net income12,5741.5
39,6251.5 (+) Depreciation & amortization30,9913.8
90,3793.5 (+) Interest expense4,9840.6
15,7840.6 (+) Tax expense (tax benefit)(2,701)(0.3)
(4,358)(0.2)EBITDA$45,8485.6 %
$141,4305.4 %Adjustments




 (+) Share-based compensation1,5510.2
8,0560.3 (+) Impairment7180.1
3,5810.1 (+) Proxy contest expenses 00.0
8,2200.3 (+) Strategic transformation initiative expenses 00.0
7,2630.3Adjusted EBITDA$48,1175.9 %
$168,5506.4 % Investor Contact: Adam Hanan
(615) 443-9887

Media Contact:Heidi Pearce
(615) 235-4135   View original content to download multimedia:https://www.prnewswire.com/news-releases/cracker-barrel-reports-third-quarter-fiscal-2026-results-and-updates-fiscal-2026-outlook-302795391.htmlSOURCE Cracker Barrel Old Country Store, Inc. Original: CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK

CRACKER BARREL REPORTS SECOND QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOKMarch 4, 2026 4:05 PM
PR Newswire (US)

LEBANON, Tenn., March 4, 2026 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the second quarter of fiscal 2026 ended January 30, 2026.Cracker Barrel President and Chief Executive Officer Julie Masino said, "Our disciplined focus on operational excellence is driving significant improvements in several key guest metrics, many of which serve as important leading traffic indicators. We have also taken additional actions to improve financial performance and remain confident that we are well-positioned to regain prior momentum."Second Quarter Fiscal 2026 HighlightsTotal revenue was $874.8 million. Compared to the prior year quarter, total revenue decreased 7.9%.Compared to the prior year quarter, comparable store restaurant sales decreased 7.1% and comparable store retail sales decreased 9.2%.GAAP earnings per diluted share were $0.06, and adjusted1 earnings per diluted share were $0.25.GAAP net income was $1.3 million compared to the prior year quarter GAAP net income of $22.2 million.Adjusted EBITDA1 was $38.2 million, compared to the prior year quarter adjusted EBITDA1 of $74.6 million.
Second Quarter Ended(In thousands, except per share amounts)1/30/261/31/25
Revenue$874,817$949,439
GAAP net income$1,282$22,207
Adjusted net income1$5,580$30,921
Adjusted EBITDA1$38,162$74,628
GAAP earnings per share – diluted$0.06$0.99
Adjusted1 earnings per share – diluted$0.25$1.38
Balance Sheet & Capital AllocationThe Company ended the second quarter with total debt of $531.5 million and a consolidated senior leverage ratio3 of 0.3x.During the Company's third quarter the Company expects to record a net cash benefit of approximately $46 million following the Company's settlement of certain litigation matters.The Company announced that its Board of Directors declared a quarterly dividend of $0.25 per share of the Company's common stock. The quarterly dividend is payable on May 13, 2026 to shareholders of record as of April 10, 2026.Fiscal 2026 OutlookThe Company provided the following updated outlook for fiscal 2026: Total revenue of $3.24 billion to $3.27 billion (vs. previous outlook of $3.2 billion to $3.3 billion)Adjusted EBITDA1 of $85 million to $100 million2 (vs. previous outlook of $70 million to $110 million2)Commodity inflation of 2.0% to 2.5% (vs. previous outlook of 2.5% to 3.5%)Hourly wage inflation of 2.5% to 3.0% (vs. previous outlook of 3% to 4%)Capital expenditures of $105 million to $115 million (vs. previous outlook of $110 million to $125 million)2 new Cracker Barrel stores (no change vs. previous outlook)1 EBITDA, adjusted net income, adjusted EBITDA, and adjusted earnings per diluted share are non-GAAP financial measures. For definitions of these non-GAAP measures and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures, please refer to the Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results section of this release. 2 The Company has determined to provide guidance focused on adjusted EBITDA1 because the Company believes it will be more useful to investors to evaluate the Company's performance prior to the impact of depreciation, taxes, impairment charges, and other items that management believes are not reflective of the Company's current operations. The Company is not able to reconcile the forward-looking estimate of adjusted EBITDA1 set forth above to a forward-looking estimate of net income, the most directly comparable estimated measure calculated in accordance with GAAP, without unreasonable efforts because the Company is unable to predict, forecast or determine the probable significance of certain items impacting these estimates, including interest expense, taxes, impairment charges and share-based compensation, with a reasonable degree of accuracy. Accordingly, the most directly comparable forward-looking GAAP estimate is not provided.3 Consolidated senior leverage is defined as total debt (other than subordinated debt and unsecured debt) divided by adjusted EBITDA1 (as defined under our revolving credit facility). Fiscal 2026 Second Quarter Conference Call
As previously announced, the live broadcast of Cracker Barrel's quarterly conference call will be available to the public online at investor.crackerbarrel.com today beginning at 5:00 p.m. (ET). The online replay will be available tomorrow and through March 18, 2026.About Cracker Barrel Old Country Store®
Cracker Barrel Old Country Store, Inc. – rooted in a rich legacy of warmth, generosity, and tradition – is on a mission to bring the goodness of country hospitality to life. Since 1969, when the first store opened in Lebanon, Tenn., Cracker Barrel has been serving up abundant portions of craveable homestyle food and offering one-of-a-kind retail finds. With approximately 660 company-owned Cracker Barrel Old Country Store® locations in 43 states, and ownership of the fast-casual Maple Street Biscuit Company, the brand continues to honor its heritage while welcoming everyone with more than a meal. For more information, visit CrackerBarrel.com.CBRL-FExcept for specific historical information, certain of the matters discussed in this press release may express or imply projections of items such as revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These and similar statements regarding events or results that the Company expects will or may occur in the future are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual results and performance of the Company to differ materially from those expressed or implied by such forward-looking statements. All forward-looking information is provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these risks, uncertainties and other factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "trends," "assumptions," "target," "guidance," "outlook," "opportunity," "future," "plans," "goals," "objectives," "expectations," "near-term," "long-term," "projection," "may," "will," "would," "could," "expect," "intend," "estimate," "anticipate," "believe," "potential," "regular," "should," "projects," "forecasts," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. The Company believes that the assumptions underlying any forward-looking statements are reasonable; however, any of the assumptions could be inaccurate, and therefore, actual results may differ materially from those projected in or implied by the forward-looking statements. In addition to the risks of ordinary business operations, factors and risks that may result in actual results differing from this forward-looking information include, but are not limited to risks and uncertainties associated with inflationary conditions with respect to the price of commodities, ingredients, transportation, distribution and labor; disruptions to the Company's restaurant or retail supply chain; effects of changes in international, national, regional and local economic and market conditions (such as the imposition of trade barriers or other changes in trade policy) on our business; the Company's ability to manage retail inventory and merchandise mix; the Company's ability to sustain or the effects of plans intended to improve operational or marketing execution and performance or liquidity; the impact of adverse or extreme weather events on sales and customer travel; the effects of increased competition at the Company's locations on sales and on labor recruiting, cost, and retention; consumer behavior based on negative publicity or changes in consumer health or dietary trends or safety aspects of the Company's food or products or those of the restaurant industry in general, including concerns about outbreaks of infectious disease as well as the possible effects of such events on the price or availability of ingredients used in our restaurants; the effects of the Company's indebtedness and associated restrictions on the Company's financial and operating flexibility and ability to execute or pursue its operating plans and objectives; changes in interest rates, increases in borrowed capital or capital market conditions affecting the Company's financing costs and ability to refinance its indebtedness, in whole or in part; the Company's reliance on a single distribution facility and certain significant vendors, particularly for foreign-sourced retail products; information technology disruptions and data privacy and information security breaches, whether as a result of infrastructure failures, employee or vendor errors or actions of third parties; the Company's compliance with privacy and data protection laws; changes in or implementation of additional governmental or regulatory rules, regulations and interpretations affecting tax, health and safety, animal welfare, pensions, insurance or other undeterminable areas; the actual results of pending, future or threatened litigation or governmental investigations; or the Company's ability to manage the impact of negative social media attention and the costs and effects of negative publicity; the impact of activist shareholders; the Company's ability to achieve aspirations, goals and projections related to its sustainability initiatives; the Company's ability to enter successfully into new geographic markets that may be less familiar to it; changes in land, building materials and construction costs; the availability and cost of suitable sites for restaurant development and the Company's ability to identify those sites; the Company's ability to retain key personnel; the ability of and cost to the Company to recruit, train, and retain qualified hourly and management employees; uncertain performance of acquired businesses, strategic investments and other initiatives that the Company may pursue from time to time; the effects of business trends on the outlook for individual restaurant locations and the effect on the carrying value of those locations; general or regional economic weakness, business and societal conditions; discretionary income or personal expenditure activity of the Company's customers; implementation of new or changes in interpretation of existing accounting principles generally accepted in the United States of America ("GAAP"); and other factors described from time to time in the Company's filings with the Securities and Exchange Commission, press releases, and other communications. Any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. The Company expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED INCOME STATEMENT(Unaudited)(In thousands, except share and per share amounts, percentages and ratios) 

Second Quarter Ended
Six Months Ended
1/30/261/31/25Percentage
Change
1/30/261/31/25Percentage
ChangeTotal revenue$874,817$949,439(8 %)
$1,672,005$1,794,528(7 %)Cost of goods sold (exclusive of depreciation & rent)292,660309,832(6)
541,065568,733(5)Labor and other related expenses315,725326,336(3)
617,027633,561(3)Other store operating expenses217,503220,025(1)
446,348431,5733General and administrative expenses48,04861,672(22)
96,008121,316(21)Impairment and store closing costs4182,451(83)
3,8913,15123Operating income (loss) 46329,123(98)
(32,334)36,194(189)Interest expense4,0334,978(19)
7,75710,800(28)Income (loss) before income taxes(3,570)24,145(115)
(40,091)25,394(258)Provision for income taxes (income tax benefit)(4,852)1,938(350)
(16,751)(1,657)(911)Net income (loss)$1,282$22,207(94)
($23,340)$27,051(186)







Earnings (loss) per share – Basic:$0.06$1.00(94)
($1.05)$1.22(186)Earnings (loss) per share – Diluted:$0.06$0.99(94)
($1.05)$1.21(187)







Weighted average shares:






    Basic22,345,04122,258,2890
22,317,01622,238,0130    Diluted22,461,83922,456,4210
22,317,01622,423,335(0)







Ratio Analysis






Total revenue:






    Restaurant79.4 %79.0 %

80.4 %79.9 %
    Retail20.621.0

19.620.1
Total revenue100.0100.0

100.0100.0
Cost of goods sold (exclusive of depreciation & rent) 33.532.6

32.431.7
Labor and other related expenses36.134.4

36.935.3
Other store operating expenses24.823.2

26.724.0
General and administrative expenses5.56.5

5.76.8
Impairment and store closing costs0.00.2

0.20.2
Operating income (loss) 0.13.1

(1.9)2.0
Interest expense0.50.6

0.50.6
Income (loss) before income taxes (0.4)2.5

(2.4)1.4
Provision for income taxes (income tax benefit)(0.5)0.2

(1.0)(0.1)
Net income (loss)0.1 %2.3 %

(1.4 %)1.5 %
 CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited and in thousands, except share amounts) 
1/30/26
1/31/25
Assets



   Cash and cash equivalents$8,571
$10,346
   Accounts receivable35,353
38,018
   Inventories180,342
172,988
   Prepaid expenses and other current assets59,477
58,906
   Property and equipment, net961,460
969,790
   Operating lease right-of-use assets, net780,952
829,146
   Intangible assets24,325
24,387
   Other assets53,332
45,976
           Total assets$2,103,812
$2,149,557





Liabilities and Shareholders' Equity



   Accounts payable$126,250
$143,161
   Current portion of long-term debt149,625
75
   Other current liabilities305,134
311,004
   Long-term debt381,839
471,465
   Long-term operating lease liabilities618,610
655,669
   Other long-term obligations96,527
107,268
   Shareholders' equity, net425,827
460,915
          Total liabilities and shareholders' equity$2,103,812
$2,149,557





Common shares issued and outstanding22,350,789
22,263,481
 CRACKER BARREL OLD COUNTRY STORE, INC.CONDENSED CONSOLIDATED CASH FLOW STATEMENT(Unaudited and in thousands)
Six Months Ended
1/30/26
1/31/25Cash flows from operating activities:


             Net income (loss)($23,340)
$27,051             Depreciation and amortization60,722
59,388             Amortization of debt issuance costs1,329
884             Loss on disposition of property and equipment4,239
4,246             Impairment 418
2,863             Share-based compensation639
6,505             Noncash lease expense30,498
30,436             Amortization of asset recognized from gain on sale and leaseback transaction6,368
6,368             Decrease in inventories243
7,970             Decrease in accounts payable(43,598)
(19,127)             Net changes in other assets and liabilities(39,687)
(32,891)                           Net cash (used) provided by operating activities(2,169)
93,693Cash flows from investing activities:


             Purchase of property and equipment, net of insurance recoveries(60,747)
(76,986)             Proceeds from sale of property and equipment234
894                           Net cash used in investing activities(60,513)
(76,092)Cash flows from financing activities:


              Net (payments) proceeds from long-term debt 45,500
(6,000)              Taxes withheld from issuance of share-based compensation awards(1,934)
(1,379)              Dividends on common stock(11,956)
(11,911)                           Net cash (used) provided by financing activities31,610
(19,290)



Net decrease in cash and cash equivalents(31,072)
(1,689)Cash and cash equivalents, beginning of period39,643
12,035Cash and cash equivalents, end of period$8,571
$10,346 
Second Quarter Ended
1/30/26
1/31/25Company-owned units opened during quarter:


     Cracker Barrel0
0     Maple Street Biscuit Company0
0



Company-owned units closed during quarter:


     Cracker Barrel0
1     Maple Street Biscuit Company0
0     Company-owned units in operation at end of quarter:


     Cracker Barrel656
657     Maple Street Biscuit Company54
69



Total stores at end of period 710
726 
Second Quarter Ended
Six Months Ended
1/30/26
1/31/25
1/30/26
1/31/25Total revenue*: (In thousands)






      Restaurant$680,363
$733,303
$1,315,204
$1,399,736      Retail180,407
198,757
326,933
360,357      Total revenue$860,770
$932,060
$1,642,137
$1,760,093







Cost of goods sold* (exclusive of depreciation
and rent): (In thousands)






      Restaurant$186,398
$199,243
$355,319
$373,326      Retail102,417
106,222
177,695
186,669      Total cost of goods sold$288,815
$305,465
$533,014
$559,995







  Average unit volume*: (In thousands)






      Restaurant$1,037.1
$1,116.2
$2,003.6
$2,128.9      Retail275.0
302.5
498.0
548.0      Total$1,312.1
$1,418.7
$2,501.6
$2,676.9Operating weeks*:8,528
8,541
17,067
17,095
Note*: This information is for Cracker Barrel stores only and excludes Maple Street Biscuit Company. CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results 
(Unaudited and in thousands, except per share amounts)Adjusted Net Income and Earnings Per Share
In the accompanying press release, the Company makes reference to adjusted net income (loss) and adjusted earnings (loss) per share. The Company defines adjusted net income (loss) as net income (loss), calculated in accordance with GAAP, excluding, to the extent the following items occurred during the periods presented: (i) impairment charges, and, for periods prior to the second quarter of fiscal 2025, store closing costs, (ii) expenses related to the proxy contest in connection with the Company's 2024 and 2025 annual meeting of shareholders, (iii) expenses associated with the Company's strategic transformation initiative, (iv) a corporate restructuring charge that includes consulting fees related to business model improvement and severance related to a reduction in headcount, (v) a gain on extinguishment of debt related to the Company's repurchase of $150 million aggregate principal amount of its 0.625% convertible senior notes due June 2026, (vi) store closing costs associated with MSBC reorganization, and (vii) the related tax impacts of the foregoing. The Company believes excluding these items from its financial results provides investors with an enhanced understanding of the Company's financial results and enhances comparability across periods. The Company calculates adjusted net income (loss) margin by dividing adjusted net income (loss) by consolidated GAAP revenue. The Company calculates adjusted net income (loss) per share by dividing adjusted net income (loss) by weighted average shares outstanding for the applicable period. This information is not intended to be considered in isolation or as a substitute for net income (loss) or earnings (loss) per share information prepared in accordance with GAAP.
Second Quarter EndedSix Months Ended
1/30/26Margin
1/31/25Margin
1/30/26Margin
1/31/25MarginRevenue$874,817100 %
$949,439100 %
$1,672,005100 %
$1,794,528100 %











GAAP net income (loss)1,2820.1
22,2072.3
(23,340)(1.4)
27,0511.5Strategic transformation initiative expenses00.0
3,9650.4
00.0
7,2630.4Impairment and store closing costs4180.0
2,1630.2
4180.0
2,8630.2Store closing costs associated with MSBC reorganization00.0
00.0
3,0950.2
00.0Proxy contest expenses2,6330.3
5,2630.6
4,0720.2
8,2200.5Corporate restructuring charge 2,5680.3
00.0
8,7430.5
00.0Tax impacts of the foregoing (1,321)(0.2)
(2,677)(0.3)
(3,837)(0.2)
(4,311)(0.2)Adjusted net income (loss)$5,5800.6 %
$30,9213.3 %
($10,849)(0.6 %)
$41,0862.3 %











GAAP Earnings (loss) per share - basic$0.06

$1.00

($1.05)

$1.22
GAAP Earnings (loss) per share - diluted$0.06

$0.99

($1.05)

$1.21












Adjusted Earnings (loss) per share - basic$0.25

$1.39

($0.49)

$1.85
Adjusted Earnings (loss) per share - diluted$0.25

$1.38

($0.49)

$1.83












Weighted average shares - basic22,345,041

22,258,289

22,317,016

22,238,013
Weighted average shares - diluted22,461,839

22,456,421

22,317,016

22,423,335
CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results 
(Unaudited and in thousands)
EBITDA/Adjusted EBITDA In the accompanying press release and the below reconciliation tables, the Company makes reference to EBITDA and adjusted EBITDA. The Company defines EBITDA as net income (loss), calculated in accordance with GAAP, excluding depreciation and amortization, interest expense and tax expense. The Company further adjusts EBITDA to exclude, to the extent the following items occurred during the periods presented: (i) expenses related to share-based compensation, (ii) impairment charges, and, for periods prior to the second quarter of fiscal 2025, store closing costs, (iii) the proxy contest in connection with the Company's 2024 and 2025 annual meeting of shareholders, (iv) expenses associated with the Company's strategic transformation initiative, (v) a corporate restructuring charge that includes consulting fees related to business model improvement and severance related to a reduction in headcount, (vi) a gain on extinguishment of debt related to the Company's repurchase of $150 million aggregate principal amount of its 0.625% convertible senior notes due June 2026, and (vii) store closing costs associated with MSBC reorganization. The Company calculates EBITDA and adjusted EBITDA margin by dividing EBITDA and adjusted EBITDA by consolidated GAAP revenue. The Company believes that presentation of EBITDA and adjusted EBITDA (together with related margin figures) provides investors with an enhanced understanding of the Company's operating performance and debt leverage metrics and enhances comparability with the Company's historical results, and that the presentation of this non-GAAP financial measure, when combined with the primary presentation of net income (loss), is beneficial to an investor's complete understanding of the Company's operating performance. This information is not intended to be considered in isolation or as a substitute for net income (loss) or net income (loss) margin prepared in accordance with GAAP.
Second Quarter Ended 1/30/26Margin 
Six Months Ended
1/30/26MarginRevenue$874,817100 %
$1,672,005100 %





GAAP Net income1,2820.1
(23,340)(1.4) (+) Depreciation & amortization30,5203.5
60,7223.6 (+) Interest expense4,0330.5
7,7570.5 (+) Tax expense (tax benefit)(4,852)(0.6)
(16,751)(1.0)EBITDA$30,9833.5 %
$28,3881.7 %Adjustments




 (+) Share-based compensation1,5600.2
6390.0 (+) Impairment4180.0
4180.0 (+) Store closing costs associated with MSBC reorganization00.0
3,0950.2 (+) Proxy contest expenses 2,6330.3
4,0720.2 (+) Corporate restructuring charge2,5680.3
8,7430.5Adjusted EBITDA$38,1624.4 %
$45,3552.7 %

Second Quarter Ended1/31/25Margin 
Six Months Ended
1/31/25MarginRevenue$949,439100 %
$1,794,528100 %





GAAP Net income22,2072.3
27,0511.5 (+) Depreciation & amortization30,2343.2
59,3883.3 (+) Interest expense4,9780.6
10,8000.6 (+) Tax expense (tax benefit)1,9380.2
(1,657)(0.1)EBITDA59,3576.3 %
$95,5825.3 %Adjustments




 (+) Share-based compensation3,8800.4
6,5060.4 (+) Impairment2,1630.2
2,8630.2 (+) Proxy contest expenses 5,2630.6
8,2200.5 (+) Strategic transformation initiative expenses 3,9650.4
7,2630.4Adjusted EBITDA$74,6287.9 %
$120,4346.7 % Investor Contact: Adam Hanan
(615) 443-9887

Media Contact: Heidi Pearce
(615) 235-4135  





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Original: CRACKER BARREL REPORTS SECOND QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK

Cracker Barrel Welcomes Spring with New Dishes and the Return of Classic ComfortsFebruary 10, 2026 1:00 PM
PR Newswire (US)

Beloved, craveable favorites and thoughtful seasonal additions keep Cracker Barrel feeling like home LEBANON, Tenn., Feb. 10, 2026 /PRNewswire/ -- This spring, Cracker Barrel Old Country Store is welcoming guests in with the comfort they know by heart. As families look for places that still feel warm, familiar and dependable, Cracker Barrel is welcoming them in with a seasonal menu built around returning classics, thoughtful additions, and the country hospitality guests have trusted for generations.  Rooted in classics like the Ham Dinner and Fried Catfish and brightened by new seasonal recipes like the Smoky Southern Salmon, the spring menu underscores Craker Barrel's commitment to flavors that guests have loved for decades, alongside fresh, timely updates."Spring has always been a season of coming together, and that sense of connection is at the heart of who we are," said Thomas Yun, Vice President of Menu Strategy and Innovation at Cracker Barrel. "Our spring menu brings back the flavors guests know and love, while offering new ways to enjoy the comfort and care that make Cracker Barrel feel like home."Returning and Seasonal Spring Features
Back by popular demand, the Ham Dinner, a Cracker Barrel classic and guest favorite, is the centerpiece of the spring lineup. Featuring sugar-cured or country ham with choice of Classic Sides – including Dumplins, Fried Cinnamon Apples, Hashbrown Casserole, Macaroni & Cheese, and Mashed Potatoes – and warm buttermilk biscuits or corn muffins. The Ham Dinner is the same comforting meal generations have grown up with, returning just in time for spring gatherings.Seafood Offerings
Timed for a season when seafood is top of mind, Cracker Barrel highlights popular favorites along with a refreshed seasonal entree:Fried Catfish – Two cornmeal-fried, U.S. farm-raised catfish fillets served with tartar sauce and hushpuppies, plus two or three classic sides.Smoky Southern Salmon – Making its return to the menu, this guest-favorite salmon comes back with a new seasonal recipe featuring a smokier, more savory flavor profile. Guests can enjoy it as an entrée, paired with shrimp, or served atop a fresh salad.Breakfast, All Day Long 
Guests looking for familiar and satisfying breakfast choices can enjoy two new savory scrambles alongside a returning seasonal favorite. The Farmhouse Scramble features bacon, sugar ham, peppers, onions, and Colby cheese drizzled with a sweet and spicy maple syrup over scrambled eggs, finished with diced tomatoes and green onions. The Garden Scramble combines roasted cremini mushrooms, spinach, peppers, onions, and pepper jack cheese over three scrambled eggs, topped with diced tomatoes and green onions. Guests can also once again enjoy the returning Strawberry Stuffed Cheesecake Pancakes, offering a sweet start (or finish) to any visit.Shareable & Sweet Finishes 
The season also introduces comforting dishes that build on the timeless experience guests expect from Cracker Barrel. The new Hushpuppy Dippers feature the same classic hushpuppies traditionally served with the Fried Catfish, now reimagined as a warm, shareable start to the meal. The returning Carrot Cake offers a nostalgic sweet finish with moist layers baked with coconut, pineapple, walnuts, cinnamon, and vanilla, topped with cream cheese icing and chopped pecans. Together, these additions invite guests to slow down, connect, and enjoy the simple pleasures that make Cracker Barrel special.Double the Comfort: Meals for Two
Finally, Cracker Barrel's value-packed "Meals for Two" deal extends through spring, offering guests the opportunity to savor the brand's signature homestyle cooking and country hospitality at an unbeatable value. Available all day, Monday through Friday, this delicious offer includes two entrées and a choice of a shareable starter or dessert starting at $19.99*.The spring menu is available now for a limited time at Cracker Barrel Old Country Store locations nationwide.To learn more about Cracker Barrel's seasonal offerings or to find a nearby location, visit CrackerBarrel.com and follow Cracker Barrel on Facebook, Instagram and TikTok.*Meals for Two offer valid thru 5/3/26, exclusive of taxes and beverages. Dine in only. Not available for takeaways, carryout, to-go, delivery and online purchases. Subject to availability. May not redeem pegs toward the purchase and not valid with any other discounts or promotions.  Offer subject to modification/withdrawal without notice.About Cracker Barrel Old Country Store, Inc.
Cracker Barrel Old Country Store, Inc. - rooted in a rich legacy of warmth, generosity, and tradition - is on a mission to bring the goodness of country hospitality to life. Since 1969, when the first store opened in Lebanon, Tenn., Cracker Barrel has been serving up abundant portions of craveable homestyle food and offering one-of-a-kind retail finds. With approximately 660 company-owned Cracker Barrel Old Country Store® locations in 43 states, and ownership of the fast-casual Maple Street Biscuit Company, the brand continues to honor its heritage while welcoming everyone with more than a meal. For more information, visit CrackerBarrel.com.Contact: 
Media.relations@crackerbarrel.com  





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Original: Cracker Barrel Welcomes Spring with New Dishes and the Return of Classic Comforts

Cracker Barrel Joins America250 to Celebrate 250 Years of The Traditions, Stories and Comfort Food That Bring Americans TogetherJanuary 30, 2026 7:00 AM
PR Newswire (US)

LEBANON, Tenn., Jan. 30, 2026 /PRNewswire/ -- For 56 years, Cracker Barrel Old Country Store® has been a place for generations of Americans to gather and enjoy the familiar comforts of craveable homestyle food and genuine country hospitality. To honor that legacy, Cracker Barrel is announcing a partnership with America250, the national, nonpartisan organization charged by Congress to spearhead the nation's commemoration of the 250th anniversary of the signing of the Declaration of Independence, to celebrate the traditions and people that define America."Cracker Barrel has always been more than a restaurant - it's a place where Americans reconnect with traditions, with each other, and with the comfort of familiar food and nostalgic surroundings," said Sarah Moore, Chief Marketing Officer. "Partnering with America250 is a natural extension of our heritage, reflecting the way we've always brought people together through the comforting flavors and shared moments that give meaning to everyday life. As the nation marks 250 years, we're proud to help families create new memories around the same table they've been gathering for generations."Throughout this historic year, Cracker Barrel will invite guests to celebrate American stories through in-store experiences, limited-time menu offerings, and storytelling that brings to life the traditions, people, and moments that define America.Food has always been at the heart of the Cracker Barrel experience, and in honor of America's 250th birthday, guests can enjoy new, craveable menu items inspired by classic American favorites. Guests can also anticipate the return of summertime favorites, back by popular demand, adding to the joy of gathering with family and friends during this milestone year.To further honor this milestone, Cracker Barrel will reimagine its iconic rocking chair, which has long been synonymous with the Cracker Barrel experience and the spirit of Americana, with a series of commemorative designs inspired by the enduring spirit of American communities. Guests can experience these rockers at select Cracker Barrel locations and America250 events throughout the year. Cracker Barrel will also introduce a limited edition, exclusive merchandise that pays tribute to our nation's heritage, offering guests the perfect souvenir to commemorate this once-in-a-generation event."Cracker Barrel is one of America's most iconic and beloved restaurant brands, rooted in Main Street communities across the country," said Jennifer Condon, Executive Vice President of America250. "Cracker Barrel will play an important role in our goal to engage 350 million Americans in this once-in-a-generation commemoration, inviting people to share stories, celebrate, and reflect on what it means to be American – of course, over a delicious meal."As America looks ahead to its next 250 years, Cracker Barrel remains committed to preserving the traditions, flavors, and stories that have brought people together for generations.To learn more about Cracker Barrel, visit CrackerBarrel.com. To learn more about America250 and its national commemorative efforts, visit America250.org.About Cracker Barrel Old Country Store, Inc.
Cracker Barrel Old Country Store, Inc. - rooted in a rich legacy of warmth, generosity, and tradition - is on a mission to bring the goodness of country hospitality to life. Since 1969, when the first store opened in Lebanon, Tenn., Cracker Barrel has been serving up abundant portions of craveable homestyle food and offering one-of-a-kind retail finds. With approximately 660 company-owned Cracker Barrel Old Country Store® locations in 43 states, and ownership of the fast-casual Maple Street Biscuit Company, the brand continues to honor its heritage while welcoming everyone with more than a meal. For more information, visit CrackerBarrel.com.Cracker Barrel Old Country Store, Inc. media contact: Media.relations@crackerbarrel.comAbout America250
America250's mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America's Semiquincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country, and renew our commitment to the ideals of democracy through programs that educate, engage, and unite us as a nation. America250 will foster shared experiences that spark imagination, showcase the rich tapestry of our American stories, inspire service in our communities, honor the enduring strength, and celebrate the resilience of the United States of America. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/cracker-barrel-joins-america250-to-celebrate-250-years-of-the-traditions-stories-and-comfort-food-that-bring-americans-together-302674657.htmlSOURCE Cracker Barrel Old Country Store, Inc.

Original: Cracker Barrel Joins America250 to Celebrate 250 Years of The Traditions, Stories and Comfort Food That Bring Americans Together

CEO Masino loves DEI because she is DEI and is absolutely no good for CBRL.
Bakari Group should try again to takeover the Board of Directors.

Nice!

Tested a hunch...didn't pan out. But bought in at 60.10 this morning and out at 62.41, so that worked out just fine.

How'd that work out?
Think this touches $70 tomorrow....

$CBRL
$CRBL With Cracker Barrel in the news..the bounce back on the chart looks strong..watch for strong support to build at the 50 Day MA…$AAPL $ABBV $ADBE $ALTS $AMZN $BTC $DIS $DISH $ELY $ETH $FDX $GME $GOOG $HD $HOOD $INTC $IWM $JPM $LK $LOW $RITE $TSLA $SPY $EUDA $FNMA $QQQ pic.twitter.com/mfB7v0IcSf— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) August 27, 2025

Think this touches $70 tomorrow....

Woke attitude erased $100M from its mkt cap. CEO didn't learn from Target, Bud Light, etc.  

Steak 'n Shake slams Cracker Barrel CEO for eliminating 'old-timer' from logo: 'We take pride in our history'
https://www.foxbusiness.com/lifestyle/steak-n-shake-slams-cracker-barrel-ceo-eliminating-old-timer-logo-take-pride-history $CRBL

Cracker Barrel $CBRL Total Debt (mrq) $1.2 Billion w/ dwindling cash $9.81M Book value under $22, but could go $.25

ka-ching, ka-ching, ka-ching

Looking better today and will continue to improve.
Biglari has a legitimate complaint and I hope they get all 3 BOD seats.
A CBRL management caller asked me to support the Board. I said, "No, the dummies went hook, line, and sinker for DEI costing stockholder's real money and the Board deserves to lose their jobs."

Looking better today and will continue to improve.
Biglari has a legitimate complaint and I hope they get all 3 BOD seats.
A CBRL management caller asked me to support the Board. I said, "No, the dummies went hook, line, and sinker for DEI costing stockholder's real money and the Board deserves to lose their jobs."

Some companies are recovering from the DEI nonsense. Equal Employment Opportunity still applies.
CBRL is returning to normal, albeit downsizing from the DEI catastrophe.

Cracker Barrel deserves everything they get after radical changes in the past.... I still haven't gone back to eat or visit but the stock shows it and more bad headlines in the news...https://resistthemainstream.com/american-staples-stock-nosedives-after-ceo-makes-huge-mistake/?utm_source=tsr

Just bought my first shares of CBRL. Traveling I-95 to Florida, all the Cracker Barrels are loaded at lunch and dinner.

You know I was a employee at Cracker barrel at one time in my life and was proud to work there transferred thru the company to different part of the country... I am invited my family friends because I knew it was family oriented but no more.... Cracker barrel has lost my pride in working and owning a part of shares with the company... When will this end? I even bet they jacked up those chairs prices all for profit to show pride month what a shit show this is... I will buy a damn good chair that's 200 a pop and not at cracker barrel or there food no more.....

https://www.foxbusiness.com/retail/cracker-barrel-faces-backlash-posting-celebratory-pride-month-rocking-chair-showing-true-colors

Klouis I’m liking your crystal ball. IMHO

Minimum wage and labor laws

Hello shorts. IMHO I’m lmao.

Hello shorts. IMHO I’m lmao.

I expect Cracker Barrel to hit all time highs in the next 18 months. IMHO.
Much higher if half of board members would be replaced. IMHO

"Up to 30% of restaurants could close" - Grubhub CEO

i expect as other states shut down, especially in the south then CBRL will tank and even possibly go bk

at $65 this way over priced, i feel it should be $25 at best right now

expecting $25 real soon

down not up

I CALLED FOR A CBRL SELLOFF ON 2/29 WHEN STOCK WAS AT $144 TO THE $100 RANGE.

NOW TRADING AT $98

NEXT MOVE BY APRIL 1, I EXPECT UNDER $85

DOWN, NOT UP!

expect a selloff of CBRL into $100 range within next 6 months

today's closing price $143.33

150.71

Management or lack of has to go. Hoping for a buy out. IMHO

Cracker Barrel Breaks Down After Earnings, Watch This Trade Level $CBRL

Earlier today, Cracker Barrel Old Country Store Inc (NASDAQ:CBRL), reported earnings that were short of analysts expectations. The company also issued downside guidance. The popular restaurant stock is trading lower by 5.63 percent to $142.27 a share. Traders should note that the stock price is now trading below its important 50 and 200-day moving averages. This puts the stock in a weak technical position on the charts. The stock is also falling below its recent weekly chart pivot low from late July which indicates weakness and further downside for the shares. Traders must now watch for support around the $130.00 area. This important support area is where the stock was defended in October 2016. Often, past pivot levels will serve as major support when retested.




Nicholas Santiago
InTheMoneyStocks

Agree... also fundamental show CBRL is 10% overvalued. Earnings tomorrow

Fair Value Analysis

How is that $171 workin' for ya? It's all about reality.

My girlfriend had me stop at a CrackerBarrel in Alabama for breakfast on the way to a property we bought in Pensacola Beach. The thing was empty - 6 people - 3 couples.

Wishing and hoping doesn't make much money. This outfit has incurred some bad debt and will eventually pay for it. At best, CBRL is a trade vehicle, nothing more.

I am a trader, not one for hope or being a wisher. My money is always at work increasing. CBRL was just a stop among many. While CBRL was losing share price I was gaining.

CBRL means nothing to me. Many of the stores I see are half empty or worse and debt continues to grow. The food sucks in my opinion. If all that makes you happy - good for you. Trading deals with reality/mathematics. My CBRL trade was a winner while many sold.

It is comical you boast of trivial CBRL gains after all this time. It only proves what I say is true.

Lol what cha think about $120???? How about $171?????

Monster... who was here trashing us at $120? And doesn't include the special divvies

Wow $171 CBR. ...

Haven't you see mms just take it up after good quarter? ? They like to make money too lol... I have always said that CBRL is a good stock use to work there good food good service can get a gift or something while waiting in line to eat.. The best restaurant imo...

Weird ... $5 off high in 30 min after positive report ... heh ... markets.

lol! yep

Guess the analysis will have to do another buy upgrade CBRL... LOL

The best in the restaurant industry... CBRL busiest time in the summer tourism up this yr...

And spec divy nice!

CBRL Earnings out....

Oh yeah CBRL Earnings looks good...

Don't know why they don't go to California. .. I am sure they done studies on it.. California doesn't seem to be the type to have southern home cooking. .. Its a good question

Do any of you know why Cracker barrel is not in Calif? Do they have
any plans to enter that market. Seems to me that they would do very
well.