Tearsheet

Cracker Barrel Old Country Store (CBRL)

Market Price (12/4/2025): $28.86 | Market Cap: $642.6 Mil
Sector: Consumer Discretionary | Industry: Restaurants

Cracker Barrel Old Country Store (CBRL)

Market Price (12/4/2025): $28.86
Market Cap: $642.6 Mil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%	Weak multi-year price returns 2Y Excs Rtn is -109%, 3Y Excs Rtn is -144%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 84%
1	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.		Weak revenue growth Rev Chg QQuarterly Revenue Change % is -2.9%
2			Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%
1	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.
2	Weak multi-year price returns 2Y Excs Rtn is -109%, 3Y Excs Rtn is -144%
3	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 84%
4	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -2.9%
5	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$28.86	$51.77	$71.82	$83.54
Market Cap CYE ($ Mil)	642.6	1,150.2	1,592.0	1,854.0
Total Debt ($ Mil)	1,179.6	1,179.6	1,202.5	1,163.7
Total Cash ($ Mil)	39.6	39.6	12.0	25.1
Enterprise Value ($ Mil)	1,782.6	2,329.8	2,794.5	3,017.7
Valuation Ratios
P/S TTM	0.4	0.3	0.5	0.6
P/EBIT TTM	23.4	20.2	37.9	17.4
P/E TTM	29.3	25.4	41.8	21.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4

	12/4/25	2024
Share Price CYE	$28.86	$51.77
Market Cap CYE ($ Mil)	642.6	1,150.2
Total Debt ($ Mil)	1,179.6	1,179.6
Total Cash ($ Mil)	39.6	39.6
Enterprise Value ($ Mil)	1,782.6	2,329.8
Valuation Ratios
P/S TTM	0.4	0.3
P/EBIT TTM	23.4	20.2
P/E TTM	29.3	25.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8
P/EBIT TTM (Sector)	7.6	8.0
P/E TTM (Sector)	10.4	11.1

	CBRL	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	3.5
Rev Chg Q	-2.9%	7.1%
Rev Chg LTM	0.4%	6.1%
Rev Chg 3Y Avg	2.2%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	2.2%	18.8%
CFO/Rev LTM	6.3%	20.5%
Net Inc Mgn	1.3%	13.1%
VALUATION	MODERATE
P/S	0.4	3.2
P/CFO	6.2	15.8
P/FCF	22.8	20.5
P/E	29.3	23.5
STABILITY	POOR
Debt/Equity	0.87	0.20
Cash/Assets	0.02	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Comparable Store Restaurant Sales Increase	1.0%	5022025	Link
Comparable Store Retail Sales Decrease	-3.8%	5022025	Link
Off-Premise Sales as a Percentage of Restaurant Sales	19.1%	5022025	Link
Number of Cracker Barrel Stores	657	9122025	Link
Number of Maple Street Biscuit Company Locations	68	9122025	Link
Loyalty Program Members	over 9 million	9192025	Link
Guest Traffic Decrease	-5.6%	5022025	Link
Hourly Employee Turnover Improvement	14 percentage points	6052025	Link

Upcoming
12/09/2025	Earnings Release	Rev: $802 Mil (E) EPS: $-0.68 (E)

CBRL Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Declining Comparable Store Sales and Guest Traffic

Cracker Barrel Old Country Store (CBRL) experienced declining comparable store sales, both in restaurant and retail, due to reduced guest traffic and lower consumer spending. This trend, observed as early as the first quarter of fiscal 2024 (reported in November 2023), was attributed to inflationary pressures, higher interest rates, increased consumer debt, and lower savings rates, impacting consumer discretionary spending. The decline in guest traffic continued, with a 7.1% decrease in the first quarter of fiscal 2024 and a 1.5% drop in comparable store sales in the fiscal third quarter of 2024, indicating a sustained challenge to the company's revenue growth.

2. High Operating Costs and Tumbled Profits

The company faced significant pressure from high costs and expenses, which eroded its profitability. Despite implementing cost-saving initiatives, increased labor costs due to higher wages and investments in additional labor hours persistently impacted profits. In the first quarter of fiscal 2024, labor and other related expenses, as a percentage of total revenues, rose by 220 basis points to 37%, and other store operating expenses increased by 130 basis points to 24.7%. These factors contributed to a substantial 63% year-over-year decrease in earnings per share through the first three quarters of fiscal 2024, and the company reported a net loss of $9 million in its fiscal third quarter of 2024.

3. Dividend Cut and Eroding Investor Confidence

In May 2024, Cracker Barrel significantly cut its quarterly dividend by 80%, reducing it from $1.30 per share to $0.25 per share. This drastic reduction in dividend payments was a response to tumbling profits and significantly negatively impacted investor sentiment, contributing to a 16.2% plunge in the stock during that month and likely continuing to weigh on investor confidence in the subsequent months leading into 2025.

4. Skepticism Regarding Turnaround Plan

Cracker Barrel's new CEO, Julie Masino, introduced a turnaround plan aimed at revitalizing the brand through restaurant remodels and menu updates, acknowledging that the brand had lost some relevance. However, analysts adopted a "show me" approach, indicating a need for the company to demonstrate tangible progress before investors would fully buy into the plan. Furthermore, the company's projected sales growth of only about 11% over the next three fiscal years (through fiscal 2027) was not deemed sufficiently inspiring, especially considering the substantial investment planned for store updates, leading to continued investor skepticism.

5. Negative Reaction to Logo Redesign

In August 2025, Cracker Barrel experienced a significant drop in its stock value following the release of a new logo. Marketing experts critically viewed the rebranding effort as a "fiasco," expressing concerns that it risked alienating the company's long-time customer base. This negative reception to the brand refresh led to the company losing nearly $100 million in market value shortly after the logo's release.

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Stock Movement Drivers

Fundamental Drivers

The -46.3% change in CBRL stock from 9/3/2025 to 12/3/2025 was primarily driven by a -33.1% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	53.75	28.86	-46.31%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3510.06	3483.68	-0.75%
Net Income Margin (%)	1.65%	1.33%	-19.10%
P/E Multiple	20.72	13.86	-33.12%
Shares Outstanding (Mil)	22.26	22.27	-0.01%
Cumulative Contribution			-46.31%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
CBRL	-46.3%
Market (SPY)	6.2%	15.3%
Sector (XLY)	3.5%	31.5%

Fundamental Drivers

The -49.5% change in CBRL stock from 6/4/2025 to 12/3/2025 was primarily driven by a -60.8% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	57.19	28.86	-49.54%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3506.05	3483.68	-0.64%
Net Income Margin (%)	1.03%	1.33%	29.69%
P/E Multiple	35.37	13.86	-60.83%
Shares Outstanding (Mil)	22.26	22.27	-0.04%
Cumulative Contribution			-49.54%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
CBRL	-49.5%
Market (SPY)	15.1%	22.6%
Sector (XLY)	11.5%	29.5%

Fundamental Drivers

The -47.1% change in CBRL stock from 12/3/2024 to 12/3/2025 was primarily driven by a -53.2% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	54.56	28.86	-47.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3470.76	3483.68	0.37%
Net Income Margin (%)	1.18%	1.33%	12.89%
P/E Multiple	29.60	13.86	-53.18%
Shares Outstanding (Mil)	22.20	22.27	-0.29%
Cumulative Contribution			-47.10%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
CBRL	-47.1%
Market (SPY)	14.3%	32.7%
Sector (XLY)	7.4%	37.8%

Fundamental Drivers

The -66.9% change in CBRL stock from 12/4/2022 to 12/3/2025 was primarily driven by a -61.7% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	87.18	28.86	-66.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3322.38	3483.68	4.86%
Net Income Margin (%)	3.48%	1.33%	-61.75%
P/E Multiple	16.73	13.86	-17.19%
Shares Outstanding (Mil)	22.19	22.27	-0.33%
Cumulative Contribution			-66.90%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
CBRL	-57.9%
Market (SPY)	53.2%	29.9%
Sector (XLY)	42.3%	36.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CBRL Return	-11%	-1%	-23%	-14%	-28%	-45%	-77%
Peers Return	-3%	22%	-19%	13%	-24%	-13%	-28%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
CBRL Win Rate	50%	42%	42%	50%	50%	50%
Peers Win Rate	52%	58%	38%	48%	35%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CBRL Max Drawdown	-63%	-8%	-34%	-31%	-51%	-50%
Peers Max Drawdown	-66%	-6%	-30%	-14%	-35%	-36%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TGT, DRI, BLMN, DIN, DENN. See CBRL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	CBRL	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-64.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	181.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-66.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	197.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	357 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-17.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	20.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-76.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	332.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	507 days	1480 days

Compare to TGT, DRI, BLMN, DIN, DENN

In The Past

Cracker Barrel Old Country Store's stock fell -64.5% during the 2022 Inflation Shock from a high on 4/12/2021. A -64.5% loss requires a 181.6% gain to breakeven.

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About Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.

AI Generated Analysis | Feedback

Think of it as a Denny's or IHOP (for family-style American comfort food) that has a large, attached country general store for gifts and nostalgic items.
It's like a Hallmark store (for unique gifts and charming decor) that also includes a full-service, homestyle restaurant serving comfort food.
A Bob Evans (for country-style American comfort food) with a prominent, attached country gift shop selling nostalgic items and regional treats.

AI Generated Analysis | Feedback

Restaurant Dining: Provides traditional Southern comfort food and American cuisine in a family-friendly, themed restaurant setting.
Retail Merchandise: Offers a diverse selection of gifts, home decor, old-fashioned candy, apparel, and proprietary food items through an attached country store.

AI Generated Analysis | Feedback

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Major Customers of Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (CBRL) primarily sells its products and services directly to individual consumers rather than to other businesses. As a restaurant and retail chain, its core business involves serving meals and selling merchandise to the general public.

The company serves the following categories of individual customers:

Families and Travelers: Cracker Barrel restaurants are often strategically located near interstate highways, making them a popular stop for families on road trips, vacationers, and travelers seeking a consistent, sit-down meal with a distinct American comfort food menu and a unique retail shopping experience. The family-friendly atmosphere and diverse menu appeal to a broad range of ages.
Seniors and Retirees: The nostalgic "Old Country Store" theme, traditional American comfort food offerings, and generally perceived good value often resonate strongly with an older demographic, including seniors and retirees. Many appreciate the familiar menu, welcoming atmosphere, and the opportunity to browse unique gift items.
Local Communities and Regulars: While well-known among travelers, Cracker Barrel also serves as a regular dining destination for residents in the communities where its stores are located. These customers may frequent the restaurant for breakfast, lunch, or dinner, special occasions, or to purchase specific items from the retail store, appreciating the consistent quality and unique offerings.

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Sysco Corporation (SYY)
US Foods Holding Corp. (USFD)
Performance Food Group Company (PFGC)

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Julie Felss Masino President and Chief Executive Officer

Julie Felss Masino was named President and Chief Executive Officer for Cracker Barrel in July 2023 and assumed the position on November 1, 2023. She has over 30 years of experience in the restaurant and retail industries. Prior to Cracker Barrel, Ms. Masino served as President, International of Taco Bell (from January 2020 to June 2023) and President, North America of Taco Bell (from January 2018 to December 2019). She also held leadership roles as President and CEO of Sprinkles Cupcakes (2014 to 2017), Senior Vice President and General Manager of Fisher-Price at Mattel, Inc. (2017 to 2018), and various leadership positions at Starbucks Corporation (2002 to 2014). Her early career included corporate positions at Godiva Chocolatier, Coach, J. Crew, and Macy's. She currently serves on the board of directors of Vivid Seats Inc.

Craig Pommells Senior Vice President and Chief Financial Officer

Craig Pommells joined Cracker Barrel as Senior Vice President and Chief Financial Officer in December 2021. He is responsible for Internal Audit, Investor Relations, Financial Planning and Analysis, and all Accounting functions. Mr. Pommells has over 20 years of experience in the restaurant industry. Before joining Cracker Barrel, he served as Executive Vice President and Chief Financial Officer of Red Lobster. Prior to Red Lobster, he spent more than 10 years with Darden Restaurants in various finance and business analytics roles.

Chris Edwards Senior Vice President, Chief Strategy Officer

Chris Edwards joined Cracker Barrel in March 2024 as Senior Vice President, Chief Strategy Officer. He is responsible for leading the company's strategy and fueling long-term growth, overseeing areas such as the Transformation Management Office, Real Estate and Development, Construction, Innovation, Corporate Communications, Consumer Insights, and Margin Transformation. Mr. Edwards has extensive experience as a strategy leader, having served as Chief Strategy Officer at Canopy Growth Corporation and working at Boston Consulting Group and Constellation Brands.

Doug Hisel Senior Vice President, Store Operations

Doug Hisel was promoted to Senior Vice President of Store Operations in October 2025. In this role, he oversees Field Operations and Operations Services. Mr. Hisel is a nearly 20-year veteran of Cracker Barrel, having started his career with the company as an Associate Manager in 2007 and serving in various other operations roles of increasing responsibility.

Donna L. Roberts Senior Vice President, Chief Human Resources Officer

Donna L. Roberts was named Senior Vice President, Chief Human Resources Officer for Cracker Barrel in May 2020. She is responsible for the overall strategic leadership and management of Human Resources. Ms. Roberts joined Cracker Barrel in April 2012 as Associate General Counsel, advising the company on labor and employment law, and was promoted to Vice President and Deputy General Counsel in 2018, and then Vice President of Human Resources in 2019.

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AI Generated Analysis | Feedback

A significant and accelerating cultural shift in consumer food preferences towards healthier, plant-based, and sustainably sourced options.

AI Generated Analysis | Feedback

Cracker Barrel Old Country Store, Inc. (CBRL) operates a chain of restaurant and gift stores primarily across the United States. Its main products and services include full-service casual dining and the sale of gifts, nostalgic items, and specialty food products in its retail stores.

The addressable markets for Cracker Barrel's main products and services in the U.S. are as follows:

Full-Service Restaurant Market (U.S.): The United States Full Service Restaurants Market is projected to reach approximately USD 360.91 billion in 2025. This market is expected to grow further, reaching USD 617.47 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 11.33% from 2025 to 2030.
Gifts Retailing Market (U.S.): The U.S. Gifts Retailing Market was valued at USD 24.18 billion in 2024. It is projected to grow at a CAGR of 5.49% during the forecast period of 2025 to 2032, reaching an estimated USD 25.51 billion in 2025.
Specialty Food Stores Market (U.S.): The market size for Specialty Food Stores in the U.S. is estimated at USD 32.3 billion in 2025. While the market experienced a slight decrease of 0.3% in 2025, it has seen a CAGR of 11.6% between 2020 and 2025.

AI Generated Analysis | Feedback

Cracker Barrel Old Country Store (CBRL) is focusing on several key drivers to stimulate future revenue growth over the next two to three years, primarily through a strategic transformation plan aimed at enhancing the guest experience and optimizing operations.

Menu Innovation and Optimization: The company has embarked on its most significant menu overhaul in decades, introducing new dishes designed to appeal to both loyal customers and new, younger diners. This strategy includes a "barbell pricing" approach, offering affordable staple items alongside new premium options. The aim is to balance nostalgia with modernity, reduce back-of-house costs, and improve dinner sales margins.
Enhanced Guest Experience and Brand Refinement: Cracker Barrel is prioritizing operational execution and refining the overall brand to deliver an experience guests love. This involves a strategic pivot back to its traditional, nostalgic appeal following mixed customer reactions to earlier modernization attempts, including reverting to the "Old Timer" logo and traditional interiors in some pilot locations. The focus is on improving food quality, service, and the overall atmosphere to drive increased customer traffic.
Digital and Off-Premise Growth & Loyalty Program Expansion: A significant driver involves winning in digital channels and growing off-premise sales, which accounted for approximately 17.2% of restaurant sales in Q4 2024. The company's loyalty program has quickly amassed millions of users, demonstrating its effectiveness in driving incremental sales and traffic. Investments in technology and data-driven customer engagement are key to these efforts.
Targeted Store Refreshes and New Store Openings: While the company has paused widespread modern remodels due to guest feedback, it continues to invest in targeted store refreshes that align with its traditional brand identity, aiming to improve the dining and retail environment. Additionally, Cracker Barrel plans for modest expansion by opening a small number of new Cracker Barrel stores, with two new locations projected for fiscal year 2026.

AI Generated Analysis | Feedback

Share Repurchases

A new share repurchase program was authorized in September 2025, allowing for the repurchase of up to $100 million of outstanding common stock.
As of May 2024, Cracker Barrel maintained a share repurchase authorization with $138 million of remaining availability.
In June 2021, the company expected to repurchase approximately $35 million of its common stock through privately negotiated transactions.

Share Issuance

During the fourth quarter of fiscal 2025, Cracker Barrel completed the issuance and sale of $345 million aggregate principal amount of 1.75% Convertible Senior Notes due 2030.
In June 2021, Cracker Barrel announced the pricing of $275 million aggregate principal amount of 0.625% convertible senior notes due 2026.

Capital Expenditures

In fiscal year 2025, Cracker Barrel invested $158.6 million in capital expenditures, which included approximately $105 million for store maintenance, $20 million for remodels, $19 million for technology and other strategic initiatives, and $15 million for new stores.
Expected capital expenditures for fiscal year 2026 are projected to range from $135 million to $150 million, with the majority allocated to maintenance and no spending on new remodels.
For fiscal year 2025, capital expenditures were initially projected between $160 million and $180 million, later refined to a range of $160 million to $170 million.

Better Bets than Cracker Barrel Old Country Store (CBRL)

	CBRL	Better Performance than CBRL
Metric	Value	INDUSTRY: Restaurants
Rev Chg LTM	0.4%	QSR (21.8%), YUM (11.6%), CMG (7.3%), MCD (1.2%), SBUX (0.6%)
Rev Chg 3Y Avg	2.2%	QSR (14.2%), CMG (11.9%), YUM (6.4%), SBUX (4.7%), MCD (4.2%)
Op Mgn LTM	2.2%	MCD (46.1%), YUM (30.8%), QSR (25.8%), CMG (16.9%), SBUX (10.5%)
CFO/Rev LTM	6.3%	MCD (39.9%), YUM (23.6%), CMG (18.8%), QSR (17.4%), SBUX (13.4%)
FCF/Rev LTM	1.7%	MCD (28.1%), YUM (19.4%), QSR (14.9%), CMG (13.3%), SBUX (6.1%)
Total Yield	5.1%	QSR (9.2%), DRI (6.9%), MCD (6.2%), YUM (5.3%), SBUX (5.1%)
P/S	0.4	RRGB (0.1), STKS (0.1), BLMN (0.2), JACK (0.2), BDL (0.3)
P/Op Inc	18.1	QSR (9.0), YUMC (13.2), YUM (17.0), DRI (17.3), MCD (17.9)

	CBRL	Better Performance than CBRL
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	0.4%	BKNG (13.0%), AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%)
Rev Chg 3Y Avg	2.2%	BKNG (17.8%), AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%)
Op Mgn LTM	2.2%	MCD (46.1%), HD (13.1%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	6.3%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.8%), TJX (10.2%)
FCF/Rev LTM	1.7%	MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%), AMZN (2.0%)
Total Yield	5.1%	LOW (7.6%), HD (6.5%), GM (6.4%), MCD (6.2%), SBUX (5.1%)
P/S	0.4	F (0.3), GM (0.3), MGA (0.3), BBY (0.3), PAG (0.4)
P/Op Inc	18.1	GM (7.1), LOW (12.0), HD (16.8), MAR (17.1), MCD (17.9)

	CBRL	Better Performance than CBRL
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	0.4%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	2.2%	NVDA (92.0%), AVGO (24.0%), META (17.3%), MSFT (13.2%), GOOGL (11.0%)
Op Mgn LTM	2.2%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	6.3%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	1.7%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	5.1%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), V (5.3%)
P/S	0.4	COR (0.2), CVS (0.2), MCK (0.2), CI (0.3), ELV (0.4)
P/Op Inc	18.1	UNH (11.9), XOM (12.4), CAT (15.8), V (16.6), PG (17.5)

		Best Bets In Consumer Discretionary Sector
	CBRL
What You Pay
P/E	29.3
P/EBIT	23.4
What You Get
Rev Chg Q	-2.9%
Rev Chg LTM	0.4%
Rev Chg 3Y Avg	2.2%
FCF/Rev 3Y Avg	2.2%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Can Cracker Barrel Old Country Store Stock Recover If Markets Fall?	Return
2	Day 7 of Loss Streak for Cracker Barrel Old Country Store Stock with -13% Return (vs. 4.2% YTD) [8/25/2025]	Notification
3	Day 6 of Loss Streak for Cracker Barrel Old Country Store Stock with -13% Return (vs. 4.4% YTD) [8/22/2025]	Notification
4	CBRL Dip Buy Analysis
5	Cracker Barrel Old Country Store Total Shareholder Return (TSR): 46.3% in 2025 and -1.1% 3-yr compounded annual returns (above peer average)
6	Cracker Barrel Old Country Store (CBRL) Operating Cash Flow Comparison	Financials
7	Cracker Barrel Old Country Store (CBRL) Net Income Comparison	Financials
8	Cracker Barrel Old Country Store (CBRL) Operating Income Comparison	Financials
9	Day 5 of Loss Streak for Cracker Barrel Old Country Store Stock with -18% Return (vs. -6.1% YTD) [2/14/2025]	Notification
10	Cracker Barrel Old Country Store (CBRL) Revenue Comparison	Financials
11	ARTICLES
12	CBRL Stock Down -13% after 7-Day Loss Streak		August 25th, 2025
13	CBRL Stock Down -13% after 6-Day Loss Streak		August 22nd, 2025

	Title
0	DASHBOARDS
1	Can Cracker Barrel Old Country Store Stock Recover If Markets Fall?
2	Day 7 of Loss Streak for Cracker Barrel Old Country Store Stock with -13% Return (vs. 4.2% YTD) [8/25/2025]
3	Day 6 of Loss Streak for Cracker Barrel Old Country Store Stock with -13% Return (vs. 4.4% YTD) [8/22/2025]
4	CBRL Dip Buy Analysis
5	Cracker Barrel Old Country Store Total Shareholder Return (TSR): 46.3% in 2025 and -1.1% 3-yr compounded annual returns (above peer average)
6	Cracker Barrel Old Country Store (CBRL) Operating Cash Flow Comparison
7	Cracker Barrel Old Country Store (CBRL) Net Income Comparison
8	Cracker Barrel Old Country Store (CBRL) Operating Income Comparison
9	Day 5 of Loss Streak for Cracker Barrel Old Country Store Stock with -18% Return (vs. -6.1% YTD) [2/14/2025]
10	Cracker Barrel Old Country Store (CBRL) Revenue Comparison
11	ARTICLES
12	CBRL Stock Down -13% after 7-Day Loss Streak
13	CBRL Stock Down -13% after 6-Day Loss Streak

Trade Ideas

Select past ideas related to CBRL. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
CBRL_9302023_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	09302023	CBRL	Cracker Barrel Old Country Store	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	12.2%	-26.5%	-42.9%
CBRL_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	CBRL	Cracker Barrel Old Country Store	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	40.4%	113.2%	-16.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
CBRL_9302023_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	09302023	CBRL	Cracker Barrel Old Country Store	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	12.2%	-26.5%	-42.9%
CBRL_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	CBRL	Cracker Barrel Old Country Store	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	40.4%	113.2%	-16.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Cracker Barrel Old Country Store

Peers to compare with:

Financials

	CBRL	TGT	DRI	BLMN	DIN	DENN	Median
Name	Cracker .	Target	Darden R.	Bloomin .	Dine Bra.	Denny's
Mkt Price	28.86	90.92	177.32	6.88	31.65	6.19	30.25
Mkt Cap	0.6	41.3	20.7	0.6	0.5	0.3	0.6
Rev LTM	3,484	105,640	12,364	3,953	866	457	3,718
Op Inc LTM	75	5,424	1,469	135	137	44	136
FCF LTM	60	2,944	1,068	100	88	2	94
FCF 3Y Avg	75	3,282	942	111	86	27	99
CFO LTM	219	6,386	1,768	277	114	39	248
CFO 3Y Avg	213	7,470	1,590	339	116	49	276

Growth & Margins

	CBRL	TGT	DRI	BLMN	DIN	DENN	Median
Name	Cracker .	Target	Darden R.	Bloomin .	Dine Bra.	Denny's
Rev Chg LTM	0.4%	-1.5%	8.3%	7.7%	6.5%	0.9%	3.7%
Rev Chg 3Y Avg	2.2%	-0.7%	8.2%	-2.9%	-2.1%	1.1%	0.2%
Rev Chg Q	-2.9%	-0.9%	10.4%	2.1%	10.8%	1.3%	1.7%
QoQ Delta Rev Chg LTM	-0.8%	-0.2%	2.4%	0.5%	2.5%	0.3%	0.4%
Op Mgn LTM	2.2%	5.1%	11.9%	3.4%	15.8%	9.7%	7.4%
Op Mgn 3Y Avg	2.7%	5.1%	11.8%	5.6%	19.8%	11.3%	8.5%
QoQ Delta Op Mgn LTM	-0.0%	-0.3%	-0.0%	-0.5%	-2.0%	-0.5%	-0.4%
CFO/Rev LTM	6.3%	6.0%	14.3%	7.0%	13.1%	8.5%	7.8%
CFO/Rev 3Y Avg	6.1%	7.0%	13.8%	8.5%	13.9%	10.6%	9.6%
FCF/Rev LTM	1.7%	2.8%	8.6%	2.5%	10.1%	0.5%	2.7%
FCF/Rev 3Y Avg	2.2%	3.1%	8.1%	2.8%	10.3%	5.8%	4.4%

Valuation

	CBRL	TGT	DRI	BLMN	DIN	DENN	Median
Name	Cracker .	Target	Darden R.	Bloomin .	Dine Bra.	Denny's
Mkt Cap	0.6	41.3	20.7	0.6	0.5	0.3	0.6
P/S	0.4	0.4	2.1	0.2	0.4	0.6	0.4
P/EBIT	23.4	8.1	18.2	9.2	2.9	7.4	8.6
P/E	29.3	11.4	23.1	-10.6	10.3	26.6	17.3
P/CFO	6.2	7.0	14.4	2.2	3.1	7.0	6.6
Total Yield	5.1%	13.3%	6.9%	0.1%	18.5%	3.8%	6.0%
Dividend Yield	1.7%	4.6%	2.6%	9.6%	8.8%	0.0%	3.6%
FCF Yield 3Y Avg	4.9%	5.6%	4.5%	9.4%	18.9%	6.4%	6.0%
D/E	0.9	0.4	0.2	3.6	4.6	1.5	1.2
Net D/E	0.8	0.3	0.2	3.5	4.1	1.5	1.2

Returns

	CBRL	TGT	DRI	BLMN	DIN	DENN	Median
Name	Cracker .	Target	Darden R.	Bloomin .	Dine Bra.	Denny's
1M Rtn	-10.5%	0.7%	-0.1%	1.8%	30.9%	50.6%	1.2%
3M Rtn	-46.3%	-0.3%	-14.2%	-1.6%	41.0%	38.8%	-0.9%
6M Rtn	-49.5%	-0.9%	-16.8%	-10.8%	33.6%	54.4%	-5.9%
12M Rtn	-47.1%	-27.8%	7.0%	-44.1%	-1.0%	-2.2%	-15.0%
3Y Rtn	-66.9%	-38.5%	34.5%	-62.6%	-48.9%	-46.5%	-47.7%
1M Excs Rtn	-10.5%	0.7%	-0.1%	1.8%	31.0%	50.6%	1.3%
3M Excs Rtn	-49.7%	-6.0%	-20.3%	-9.9%	33.4%	23.3%	-8.0%
6M Excs Rtn	-64.3%	-15.7%	-31.5%	-25.6%	18.9%	39.6%	-20.6%
12M Excs Rtn	-60.5%	-41.8%	-9.9%	-61.4%	-18.3%	-19.2%	-30.5%
3Y Excs Rtn	-144.1%	-111.8%	-39.5%	-137.5%	-122.2%	-123.4%	-122.8%

Comparison Analyses

	Title
0	Why DRI With 18% Upside May Beat CBRL?
1	CBRL or TGT - With 15% Return Forecast, TGT Probably Deserves Your Money
2	CBRL Could Deliver 9.1% Returns And Outperform BLMN
3	CBRL Could Deliver 9.1% Returns And Outperform DIN
4	Cracker Barrel Old Country Store vs. CVS Health: With Return Forecast Of 24%-27%, Both Seem Like Good Bets
5	Cracker Barrel Old Country Store vs. Roku: With Return Forecast Of 57%, Roku Is A Better Bet
6	Cracker Barrel Old Country Store vs Kulicke and Soffa Industries: Similar Market Cap; Which Stock Is A Better Bet?
7	Cracker Barrel Old Country Store vs Itron: Similar Market Cap; Which Stock Is A Better Bet?
8	Cracker Barrel Old Country Store vs Blackbaud: Similar Market Cap; Which Stock Is A Better Bet?
9	Cracker Barrel Old Country Store vs International Flavors & Fragrances Inc: Similar Income; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 8/1	LTM	2025	2024	2023	2022	2021	2020
Period End	8/1/2025	8/1/2025	8/2/2024	7/28/2023	7/29/2022	7/30/2021	7/31/2020
Filing Date	9/26/2025	9/26/2025	9/27/2024	9/26/2023	9/27/2022	9/24/2021	9/25/2020
Key Financials
Total Revenue	3,484	3,484	3,471	3,443	3,268	2,821	2,523
EBITDA	193	193	170	238	269	488	222
Operating Income	75	75	73	135	153	149	56
Net Income	46	46	41	99	132	255	-32
EPS	2.08	2.08	1.84	4.47	5.69	10.74	-1.36
Growth Rates
Total Revenue Growth	0.4%	0.4%	0.8%	5.4%	15.8%	11.8%	-17.9%
EBITDA Growth	13.9%	13.9%	-28.7%	-11.7%	-44.8%	120.0%	-43.2%
Operating Income Growth	3.2%	3.2%	-46.0%	-12.0%	2.7%	165.2%	-80.1%
Net Income Growth	13.3%	13.3%	-58.7%	-24.9%	-48.2%	883.7%	-114.5%
Margins
EBITDA Margin	5.5%	5.5%	4.9%	6.9%	8.2%	17.3%	8.8%
Operating Income Margin	2.2%	2.2%	2.1%	3.9%	4.7%	5.3%	2.2%
Net Income Margin	1.3%	1.3%	1.2%	2.9%	4.0%	9.0%	-1.3%
Cash & Debt
Total Cash	40	40	12	25	45	145	437
Total Debt	1,180	1,180	1,202	1,164	1,200	1,126	1,624
Net Debt / (Cash)	1,140	1,140	1,190	1,139	1,155	982	1,187
Cash Flows
Net Cash from Operations	219	219	169	250	205	302	161
Free Cash from Operations	60	60	41	123	107	230	-136
Returns to Shareholders
Dividends	23	23	116	116	115	32	95
Share Repurchases	-0	-0	-0	17	132	35	55

$ Mil \| FY: 8/1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	8/1/2025	5/2/2025	1/31/2025	11/1/2024	8/2/2024	4/26/2024	1/26/2024	10/27/2023	7/28/2023	4/28/2023	1/27/2023	10/28/2022
Filing Date	9/26/2025	6/5/2025	3/6/2025	12/4/2024	9/27/2024	5/30/2024	2/27/2024	11/30/2023	9/26/2023	6/6/2023	2/28/2023	12/2/2022
Key Financials Quarterly
Total Revenue	868	821	949	845	894	817	935	824	837	833	934	840
Ebitda	42	49	63	39	54	12	62	41	72	46	68	52
Operating Income	20	16	32	8	22	8	31	11	41	31	39	24
Net Income	7	13	22	5	18	-9	27	5	37	14	30	17
EPS	0.30	0.56	1.00	0.22	0.82	-0.41	1.20	0.25	1.69	0.63	1.38	0.77
Key Financials TTM
Total Revenue TTM	3,484	3,510	3,506	3,492	3,471	3,413	3,429	3,427	3,443	3,436	3,394	3,322
Ebitda TTM	193	205	169	168	170	187	221	228	238	228	241	249
Operating Income TTM	75	77	70	69	73	92	114	122	135	126	126	134
Net Income TTM	46	58	36	40	41	60	83	87	99	95	108	116
Growth Rates Quarterly
Total Revenue Growth	-2.9%	0.5%	1.5%	2.6%	6.9%	-1.9%	0.2%	-1.9%	0.8%	5.4%	8.3%	7.0%
EBITDA Growth	-22.4%	300.3%	1.4%	-4.5%	-24.6%	-73.6%	-8.9%	-20.0%	15.5%	-22.1%	-10.2%	-28.2%
Operating Income Growth	-9.2%	86.3%	2.6%	-31.9%	-46.3%	-72.8%	-21.1%	-51.7%	25.4%	0.7%	-16.5%	-45.0%
Net Income Growth	-62.8%	236.7%	-16.3%	-11.2%	-51.6%	-165.9%	-13.0%	-68.1%	12.3%	-49.2%	-19.0%	-48.7%
Margins Quarterly
EBITDA Margin	4.9%	6.0%	6.6%	4.7%	6.1%	1.5%	6.6%	5.0%	8.6%	5.6%	7.3%	6.1%
Operating Income Margin	2.3%	1.9%	3.3%	0.9%	2.5%	1.0%	3.3%	1.4%	4.9%	3.7%	4.2%	2.8%
Net Income Margin	0.8%	1.5%	2.3%	0.6%	2.0%	-1.1%	2.8%	0.7%	4.5%	1.7%	3.3%	2.0%
Cash & Debt
Total Cash	40	10	10	12	12	12	13	14	25	22	49	39
Total Debt	1,180	1,142	1,127	1,194	1,202	1,153	1,142	1,172	1,164	1,156	1,166	1,198
Net Debt / (Cash)	1,140	1,133	1,117	1,183	1,190	1,142	1,129	1,158	1,139	1,133	1,117	1,159
Cash Flows Quarterly
FCF from Operations	102	23	98	-4	70	38	78	-16	99	50	101	-1
Cash Flows TTM
FCF from Operations TTM	219	186	201	180	169	199	212	235	250	250	198	182
Returns to Shareholders Quarterly
Dividends	6	6	6	6	29	29	29	29	29	29	29	30
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	5	12
Return on Invested Capital (ROIC) Quarterly
ROIC	7.0%	5.4%	10.2%	2.6%	7.4%	1.1%	10.8%	3.3%	14.5%	10.8%	12.3%	6.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	6.5%	6.7%	6.2%	5.8%	6.0%	8.0%	10.0%	10.2%	11.3%	10.8%	10.8%	10.8%

Price Behavior

Price Behavior

Market Price	$28.86
Market Cap ($ Bil)	0.6
First Trading Date	09/07/1984
Distance from 52W High	-59.6%
	50 Days	200 Days
DMA Price	$35.17	$47.59
DMA Trend	down	down
Distance from DMA	-17.9%	-39.4%
	3M	1YR
Volatility	48.7%	58.7%
Downside Capture	235.54	164.08
Upside Capture	-118.03	80.29
Correlation (SPY)	13.5%	32.5%

CBRL Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.77	0.60	0.74	1.14	0.97	0.95
Up Beta	-2.70	-1.66	-0.58	-0.33	1.05	1.15
Down Beta	-1.76	1.13	1.13	1.72	0.45	0.54
Up Capture	68%	-69%	-104%	8%	71%	34%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	16	22	49	106	344
Down Capture	261%	211%	247%	223%	131%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	24	39	74	139	398

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of CBRL With Other Asset Classes (Last 1Y)
	CBRL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-44.1%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	58.7%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.77	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		38.1%	32.8%	-5.1%	9.7%	25.1%	29.1%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CBRL With Other Asset Classes (Last 5Y)
	CBRL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-24.8%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	43.9%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.50	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		42.3%	38.6%	1.3%	5.5%	33.8%	21.5%

Based On 10-Year Data

		Comparison of CBRL With Other Asset Classes (Last 10Y)
	CBRL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-10.2%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	41.5%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.11	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		46.5%	42.9%	0.7%	14.9%	40.8%	16.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	4,681,186
Short Interest: % Change Since 10312025	-12.6%
Average Daily Volume	1,383,769
Days-to-Cover Short Interest	3.38
Basic Shares Quantity	22,267,328
Short % of Basic Shares	21.0%

Returns Analyses

	Title
0	Can Cracker Barrel Old Country Store Stock Recover If Markets Fall?
1	Cracker Barrel Old Country Store Stock Return Comparison
2	Cracker Barrel Old Country Store Total Shareholder Return (TSR): -26.5% in 2022 and -15.5% 3-yr returns (below peer average)
3	Cracker Barrel Old Country Store (CBRL) Stock Return: AI Predicts CBRL Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
7312025	9262025	10-K 8/1/2025
4302025	6052025	10-Q 5/2/2025
1312025	3062025	10-Q 1/31/2025
10312024	12042024	10-Q 11/1/2024
7312024	9272024	10-K 8/2/2024
4302024	5302024	10-Q 4/26/2024
1312024	2272024	10-Q 1/26/2024
10312023	11302023	10-Q 10/27/2023
7312023	9262023	10-K 7/28/2023
4302023	6062023	10-Q 4/28/2023
1312023	2282023	10-Q 1/27/2023
10312022	12022022	10-Q 10/28/2022
7312022	9272022	10-K 7/29/2022
4302022	6072022	10-Q 4/29/2022
1312022	2242022	10-Q 1/28/2022
10312021	11232021	10-Q 10/29/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Cracker Barrel Old Country Store (CBRL)

Market Price (12/4/2025): $28.86 | Market Cap: $642.6 MilSector: Consumer Discretionary | Industry: Restaurants

Cracker Barrel Old Country Store (CBRL)

Market Price (12/4/2025): $28.86Market Cap: $642.6 MilSector: Consumer DiscretionaryIndustry: Restaurants

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Market Price (12/4/2025): $28.86 | Market Cap: $642.6 Mil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (12/4/2025): $28.86
Market Cap: $642.6 Mil
Sector: Consumer Discretionary
Industry: Restaurants