Cracker Barrel Old Country Store (CBRL)
Market Price (9/27/2026): $50.78 | Market Cap: $1.1 BilSector: Consumer Discretionary | Industry: Restaurants
Cracker Barrel Old Country Store (CBRL)
Market Price (9/27/2026): $50.78Market Cap: $1.1 BilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 7.6% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail. | Weak multi-year price returns2Y Excs Rtn is -5.3%, 3Y Excs Rtn is -93% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 0.0% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 33x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -2.2% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 85% Significant short interestShort 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 25% Key risksCBRL key risks include [1] a significant decline in customer traffic as its traditional brand misaligns with evolving consumer preferences and [2] a substantial debt load that limits financial flexibility and poses refinancing risks. |
| Attractive yieldFCF Yield is 7.6% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail. |
| Weak multi-year price returns2Y Excs Rtn is -5.3%, 3Y Excs Rtn is -93% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 33x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -2.2% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 85% |
| Significant short interestShort 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 25% |
| Key risksCBRL key risks include [1] a significant decline in customer traffic as its traditional brand misaligns with evolving consumer preferences and [2] a substantial debt load that limits financial flexibility and poses refinancing risks. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/24/2026
Cracker Barrel Old Country Store (CBRL) stock has gained about 55% since 5/31/2026 because of the following key factors:
1. Cracker Barrel Old Country Store (CBRL) delivered a significant beat on its fiscal fourth quarter 2026 earnings and provided an optimistic outlook for fiscal 2027. The company reported adjusted earnings per share of $0.99 for the fiscal fourth quarter (which ended July 31, 2026), substantially surpassing Wall Street estimates of $0.10 per share. Revenue reached $849.3 million, exceeding analyst expectations of approximately $828.78 million. Adjusted EBITDA for the quarter rose 11.4% year-over-year to $62.1 million. Furthermore, Cracker Barrel projected fiscal 2027 adjusted EBITDA of $180 million to $200 million and anticipated comparable restaurant sales growth of 3% to 5%, which was above analyst estimates.
2. The company executed strategic financial actions, including substantial debt reduction and portfolio optimization. During fiscal Q4 2026, Cracker Barrel completed a sale-leaseback transaction for 26 company-owned stores, generating approximately $77 million in net proceeds. These funds were primarily used to reduce debt. The company also repaid $150 million of convertible notes that matured in June 2026. These efforts led to a reduction in total debt to $337.2 million at the end of fiscal 2026, down $147.4 million from fiscal 2025. Additionally, Cracker Barrel divested its Maple Street Biscuit Company subsidiary on July 20, 2026, a move expected to be accretive to adjusted EBITDA starting in fiscal 2027.
Show more
Cracker Barrel Old Country Store (CBRL) stock has gained about 55% since 5/31/2026 because of the following key factors:
1. Cracker Barrel Old Country Store (CBRL) delivered a significant beat on its fiscal fourth quarter 2026 earnings and provided an optimistic outlook for fiscal 2027. The company reported adjusted earnings per share of $0.99 for the fiscal fourth quarter (which ended July 31, 2026), substantially surpassing Wall Street estimates of $0.10 per share. Revenue reached $849.3 million, exceeding analyst expectations of approximately $828.78 million. Adjusted EBITDA for the quarter rose 11.4% year-over-year to $62.1 million. Furthermore, Cracker Barrel projected fiscal 2027 adjusted EBITDA of $180 million to $200 million and anticipated comparable restaurant sales growth of 3% to 5%, which was above analyst estimates.
2. The company executed strategic financial actions, including substantial debt reduction and portfolio optimization. During fiscal Q4 2026, Cracker Barrel completed a sale-leaseback transaction for 26 company-owned stores, generating approximately $77 million in net proceeds. These funds were primarily used to reduce debt. The company also repaid $150 million of convertible notes that matured in June 2026. These efforts led to a reduction in total debt to $337.2 million at the end of fiscal 2026, down $147.4 million from fiscal 2025. Additionally, Cracker Barrel divested its Maple Street Biscuit Company subsidiary on July 20, 2026, a move expected to be accretive to adjusted EBITDA starting in fiscal 2027.
Show more
Updated on 9/24/2026
Cracker Barrel Old Country Store (CBRL) stock has gained about 55% since 5/31/2026 because of the following key factors:
1. Cracker Barrel Old Country Store (CBRL) delivered a significant beat on its fiscal fourth quarter 2026 earnings and provided an optimistic outlook for fiscal 2027. The company reported adjusted earnings per share of $0.99 for the fiscal fourth quarter (which ended July 31, 2026), substantially surpassing Wall Street estimates of $0.10 per share. Revenue reached $849.3 million, exceeding analyst expectations of approximately $828.78 million. Adjusted EBITDA for the quarter rose 11.4% year-over-year to $62.1 million. Furthermore, Cracker Barrel projected fiscal 2027 adjusted EBITDA of $180 million to $200 million and anticipated comparable restaurant sales growth of 3% to 5%, which was above analyst estimates.
2. The company executed strategic financial actions, including substantial debt reduction and portfolio optimization. During fiscal Q4 2026, Cracker Barrel completed a sale-leaseback transaction for 26 company-owned stores, generating approximately $77 million in net proceeds. These funds were primarily used to reduce debt. The company also repaid $150 million of convertible notes that matured in June 2026. These efforts led to a reduction in total debt to $337.2 million at the end of fiscal 2026, down $147.4 million from fiscal 2025. Additionally, Cracker Barrel divested its Maple Street Biscuit Company subsidiary on July 20, 2026, a move expected to be accretive to adjusted EBITDA starting in fiscal 2027.
3. Cracker Barrel demonstrated improving operational execution and enhanced key guest metrics, alongside a new CEO appointment. David Deno assumed the role of President and CEO on August 10, 2026, and his first earnings report highlighted continued improvements. The company reported narrowing year-over-year traffic declines, moving from double-digit drops late last year to low single digits in July and August 2026. Management also cited improved guest metrics, including nearly 400 basis points higher food taste and service scores, and a 500 basis point improvement in food temperature scores compared to fiscal Q4 2025.
4. Analyst sentiment shifted positively following the company's strategic moves and financial results. Several research firms upgraded their ratings or increased price targets for CBRL stock. Zacks Research upgraded Cracker Barrel from "hold" to "strong-buy" on August 24, 2026, citing significant upward revisions to earnings consensus. Similarly, Wells Fargo maintained an "Overweight" rating and raised its price target from $50 to $60 on July 22, 2026, while Argus Research increased its price target from $40 to $60 on June 11, 2026, maintaining a "Buy" rating.
Show less
Cracker Barrel Old Country Store (CBRL) stock has gained about 55% since 5/31/2026 because of the following key factors:
1. Cracker Barrel Old Country Store (CBRL) delivered a significant beat on its fiscal fourth quarter 2026 earnings and provided an optimistic outlook for fiscal 2027. The company reported adjusted earnings per share of $0.99 for the fiscal fourth quarter (which ended July 31, 2026), substantially surpassing Wall Street estimates of $0.10 per share. Revenue reached $849.3 million, exceeding analyst expectations of approximately $828.78 million. Adjusted EBITDA for the quarter rose 11.4% year-over-year to $62.1 million. Furthermore, Cracker Barrel projected fiscal 2027 adjusted EBITDA of $180 million to $200 million and anticipated comparable restaurant sales growth of 3% to 5%, which was above analyst estimates.
2. The company executed strategic financial actions, including substantial debt reduction and portfolio optimization. During fiscal Q4 2026, Cracker Barrel completed a sale-leaseback transaction for 26 company-owned stores, generating approximately $77 million in net proceeds. These funds were primarily used to reduce debt. The company also repaid $150 million of convertible notes that matured in June 2026. These efforts led to a reduction in total debt to $337.2 million at the end of fiscal 2026, down $147.4 million from fiscal 2025. Additionally, Cracker Barrel divested its Maple Street Biscuit Company subsidiary on July 20, 2026, a move expected to be accretive to adjusted EBITDA starting in fiscal 2027.
3. Cracker Barrel demonstrated improving operational execution and enhanced key guest metrics, alongside a new CEO appointment. David Deno assumed the role of President and CEO on August 10, 2026, and his first earnings report highlighted continued improvements. The company reported narrowing year-over-year traffic declines, moving from double-digit drops late last year to low single digits in July and August 2026. Management also cited improved guest metrics, including nearly 400 basis points higher food taste and service scores, and a 500 basis point improvement in food temperature scores compared to fiscal Q4 2025.
4. Analyst sentiment shifted positively following the company's strategic moves and financial results. Several research firms upgraded their ratings or increased price targets for CBRL stock. Zacks Research upgraded Cracker Barrel from "hold" to "strong-buy" on August 24, 2026, citing significant upward revisions to earnings consensus. Similarly, Wells Fargo maintained an "Overweight" rating and raised its price target from $50 to $60 on July 22, 2026, while Argus Research increased its price target from $40 to $60 on June 11, 2026, maintaining a "Buy" rating.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 53.9% change in CBRL stock from 5/31/2026 to 9/26/2026 was primarily driven by a 56.0% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.65 | 51.81 | 53.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,361 | 3,319 | -1.3% |
| P/S Multiple | 0.2 | 0.3 | 56.0% |
| Shares Outstanding (Mil) | 22 | 22 | 0.0% |
| Cumulative Contribution | 53.9% |
Market Drivers
5/31/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CBRL | 53.9% | |
| Market (SPY) | 2.2% | -17.5% |
| Sector (XLY) | -8.3% | 3.5% |
Fundamental Drivers
The 60.5% change in CBRL stock from 2/28/2026 to 9/26/2026 was primarily driven by a 93.9% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.29 | 51.81 | 60.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,436 | 3,319 | -3.4% |
| Net Income Margin (%) | 0.5% | 1.0% | 93.9% |
| P/E Multiple | 42.5 | 36.6 | -14.1% |
| Shares Outstanding (Mil) | 22 | 22 | -0.3% |
| Cumulative Contribution | 60.5% |
Market Drivers
2/28/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CBRL | 60.5% | |
| Market (SPY) | 13.0% | 2.1% |
| Sector (XLY) | -5.0% | 16.3% |
Fundamental Drivers
The -11.1% change in CBRL stock from 8/31/2025 to 9/26/2026 was primarily driven by a -42.0% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 58.26 | 51.81 | -11.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,510 | 3,319 | -5.5% |
| Net Income Margin (%) | 1.6% | 1.0% | -42.0% |
| P/E Multiple | 22.5 | 36.6 | 62.8% |
| Shares Outstanding (Mil) | 22 | 22 | -0.4% |
| Cumulative Contribution | -11.1% |
Market Drivers
8/31/2025 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CBRL | -11.1% | |
| Market (SPY) | 20.9% | 8.3% |
| Sector (XLY) | -3.8% | 20.2% |
Fundamental Drivers
The -29.9% change in CBRL stock from 8/31/2023 to 9/26/2026 was primarily driven by a -65.5% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.92 | 51.81 | -29.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,436 | 3,319 | -3.4% |
| Net Income Margin (%) | 2.8% | 1.0% | -65.5% |
| P/E Multiple | 17.2 | 36.6 | 112.0% |
| Shares Outstanding (Mil) | 22 | 22 | -0.9% |
| Cumulative Contribution | -29.9% |
Market Drivers
8/31/2023 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CBRL | -29.9% | |
| Market (SPY) | 77.8% | 24.3% |
| Sector (XLY) | 32.7% | 31.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CBRL Return | -1% | -23% | -14% | -28% | -51% | 108% | -51% |
| Peers Return | -2% | -10% | 32% | 61% | -1% | 27% | 135% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| CBRL Win Rate | 42% | 42% | 50% | 50% | 42% | 67% | |
| Peers Win Rate | 42% | 38% | 62% | 65% | 48% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| CBRL Max Drawdown | -32% | -38% | -46% | -55% | -65% | -27% | |
| Peers Max Drawdown | -34% | -34% | -24% | -23% | -32% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRI, TXRH, EAT, CAKE, FWRG. 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] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | CBRL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.3% | -18.8% |
| % Gain to Breakeven | 37.5% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.3% | -33.7% |
| % Gain to Breakeven | 187.9% | 50.9% |
| Time to Breakeven | 348 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.5% | -12.2% |
| % Gain to Breakeven | 25.8% | 13.9% |
| Time to Breakeven | 59 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -18.8% | -17.9% |
| % Gain to Breakeven | 23.1% | 21.8% |
| Time to Breakeven | 67 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -12.3% | -15.4% |
| % Gain to Breakeven | 14.1% | 18.2% |
| Time to Breakeven | 91 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.5% | -53.4% |
| % Gain to Breakeven | 174.2% | 114.4% |
| Time to Breakeven | 133 days | 1085 days |
In The Past
Cracker Barrel Old Country Store's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | CBRL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.3% | -18.8% |
| % Gain to Breakeven | 37.5% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.3% | -33.7% |
| % Gain to Breakeven | 187.9% | 50.9% |
| Time to Breakeven | 348 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.5% | -12.2% |
| % Gain to Breakeven | 25.8% | 13.9% |
| Time to Breakeven | 59 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.5% | -53.4% |
| % Gain to Breakeven | 174.2% | 114.4% |
| Time to Breakeven | 133 days | 1085 days |
In The Past
Cracker Barrel Old Country Store's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Cracker Barrel Old Country Store (CBRL)
Cracker Barrel Old Country Store, Inc. (CBRL) is a distinctive American hospitality company that operates a chain of combination restaurant and gift shop establishments. Founded in 1969 and headquartered in Lebanon, Tennessee, the company has established a unique presence across the United States. As of September 2021, Cracker Barrel operated 664 stores in 45 states, making it a widespread and recognizable brand.
The company's core offering revolves around a dual business model. Its restaurants serve traditional American comfort food for breakfast, lunch, and dinner, with options for dine-in, pick-up, and delivery. Complementing the dining experience, each Cracker Barrel location features a retail gift shop. These shops offer a diverse array of merchandise, including home decor items like rocking chairs, seasonal gifts, apparel, toys, and cookware, alongside various food products such as candies, preserves, and other specialty food items.
Cracker Barrel primarily targets a broad customer base seeking a nostalgic, family-friendly dining experience coupled with unique country-themed merchandise. Its locations, often situated along major highways, cater to travelers looking for convenient and familiar meal options, as well as local residents seeking homestyle cooking and gift shopping opportunities. The company's appeal spans across generations, from families to seniors, providing a consistent and distinctive brand experience.
AI Analysis | Feedback
Here are 1-3 brief analogies for Cracker Barrel Old Country Store (CBRL):
- It's like a family restaurant chain such as Denny's or IHOP, but every location also includes a large, country-themed gift shop.
- Essentially, it’s a nationwide chain of restaurants similar to Bob Evans, but each store also operates a significant country-style general store selling gifts and food items.
AI Analysis | Feedback
- Restaurant Services: Provides dine-in, pick-up, and delivery services for breakfast, lunch, and dinner.
- Retail Goods: Sells a variety of items including decorative and functional home goods, apparel, toys, and specialty food products through its gift shops.
AI Analysis | Feedback
The company Cracker Barrel Old Country Store (CBRL) sells primarily to individuals.
The major categories of customers it serves are:
- Families and Leisure Travelers: Individuals and groups traveling, often on road trips, who are looking for a family-friendly restaurant and a unique shopping experience. Cracker Barrel's locations, frequently near major highways, cater well to this demographic.
- Local Community Members: Residents living near a Cracker Barrel store who visit for everyday meals, gatherings, or to purchase items from the gift shop.
- Seniors and Retirees: This demographic often appreciates Cracker Barrel's traditional comfort food, value, and nostalgic atmosphere, making it a popular dining choice.
AI Analysis | Feedback
null
AI Analysis | Feedback
Julie Felss Masino, President and Chief Executive Officer
Julie Felss Masino was appointed President and Chief Executive Officer for Cracker Barrel in July 2023, assuming the position and an appointment to the Company's Board of Directors on November 1, 2023. She brings over 30 years of experience driving innovation and growth for globally recognized restaurant and retail brands. Before joining Cracker Barrel, Ms. Masino served as President, International of Taco Bell, a subsidiary of Yum! Brands, Inc., from January 2020 to June 2023. Her prior roles include President, SVP and GM Fisher-Price at Mattel, Inc., President and CEO of Sprinkles Cupcakes, and various leadership positions at Starbucks Corporation. She began her career in corporate roles at companies such as Godiva Chocolatier, Coach, J. Crew, and Macy's.
Craig Pommells, Senior Vice President and Chief Financial Officer
Craig Pommells joined Cracker Barrel in December 2021 as its Senior Vice President and Chief Financial Officer. He is responsible for Internal Audit, Investor Relations, Financial Planning and Analysis, and all Accounting functions. Mr. Pommells possesses more than 20 years of experience within the restaurant industry. Prior to his tenure at Cracker Barrel, he served as the Executive Vice President and Chief Financial Officer of Red Lobster. He also spent over 10 years with Darden Restaurants, holding various finance and business analytics roles.
Doug Hisel, Senior Vice President, Store Operations
Doug Hisel was named Senior Vice President, Store Operations in October 2025. He is a nearly 20-year veteran of Cracker Barrel, having started his career with the company as an Associate Manager in Indianapolis, IN, in 2007. Mr. Hisel has advanced through various operations roles of increasing responsibility, with his most recent position being Vice President, Field Operations. In his current role, he oversees all field operations across the company's stores, as well as operations services.
Bruce Hoffmeister, Senior Vice President and Chief Information Officer
Bruce Hoffmeister joined Cracker Barrel in January 2021 as Senior Vice President and Chief Information Officer. He is responsible for all aspects of the organization's information technology, security, and digital strategies and initiatives. Before his time at Cracker Barrel, Mr. Hoffmeister worked at Marriott International for over 30 years, where he held numerous finance and technology executive roles, including Global Chief Information Officer.
Mark Spurgin, Senior Vice President, Chief Restaurant Supply Chain Officer
Mark Spurgin joined Cracker Barrel in January 2023 as Senior Vice President, Chief Restaurant Supply Chain Officer. With more than 30 years of supply chain experience, he is responsible for the company's sourcing and supply chain functions, including the procurement of food, beverages, equipment, and supplies. Prior to Cracker Barrel, Mr. Spurgin served as Chief Supply Chain Officer for Restaurant Growth Services. He also previously worked with The Cheesecake Factory and Bloomin' Brands, leading global procurement, logistics, and international supply chain teams.
AI Analysis | Feedback
The key risks to Cracker Barrel Old Country Store, Inc. (CBRL) are:
-
Declining Customer Traffic and Evolving Consumer Preferences
Cracker Barrel faces significant challenges with declining customer traffic and negative comparable store sales. The company's traditional casual dining and country store concept is struggling to maintain relevance amidst intense competition and shifting consumer preferences, particularly among younger demographics who may be seeking healthier options or different dining experiences. Management does not expect traffic recovery until 2027 or later, and the brand is perceived as "not as relevant as it once were." This fundamental issue impacts both its restaurant and retail segments. -
Inflationary Pressures on Costs and Margins
The company continues to grapple with substantial inflationary pressures, particularly in commodity and wage costs. Despite cost-saving measures, higher labor expenses due to increased wages and investments in additional labor hours, along with rising food prices, are consistently impacting operational performance and reducing profit margins. These pressures make it difficult for Cracker Barrel to maintain profitability in a competitive and discretionary consumer environment. -
High Debt Levels and Financial Leverage
Cracker Barrel relies heavily on debt financing, with a significant total debt load. This high leverage, combined with a relatively low return on equity (ROE) and weak interest expense coverage, raises concerns about the company's financial flexibility and risk profile. Such a debt structure can pose challenges, especially in a period of declining revenues and constrained profitability.
AI Analysis | Feedback
null
AI Analysis | Feedback
The addressable markets for Cracker Barrel Old Country Store's main products and services in the U.S. are as follows:
- Restaurant Services: The United States full-service restaurant market was valued at approximately USD 371.9 billion in 2025. This market is projected to reach USD 715.8 billion by 2032.
- Gift Shop Items:
- General Gift Retailing: The U.S. gifts retailing market was valued at USD 24.18 billion in 2024. This market is expected to reach USD 37.10 billion by 2032.
- Specialty Food Items: The U.S. specialty food stores market size was USD 32.4 billion in 2024.
AI Analysis | Feedback
Cracker Barrel Old Country Store (CBRL) is focusing on several key initiatives to drive future revenue growth over the next two to three years, as outlined in its strategic transformation plan and recent commentary.
Here are the expected drivers of future revenue growth:
- Menu Innovation and Optimization: Cracker Barrel plans to refine and optimize its menu by introducing new "craveable items" while maintaining affordable pricing for its staple offerings. This strategy aims to broaden its appeal, including attracting a younger demographic, and enhance the overall dining experience to boost restaurant sales.
- Expansion of Digital and Off-Premise Channels: The company is focused on strengthening its digital presence and growing its off-premise business, which includes catering and third-party delivery partnerships. Enhancing the e-commerce platform for retail sales is also a key part of this strategy to diversify revenue streams and cater to evolving consumer shopping habits.
- Store Remodels and Enhanced Guest Experience: Cracker Barrel is investing in evolving its store and guest experience through a significant store remodel initiative, which is expected to accelerate after a test phase. These investments are designed to improve the integrated restaurant-retail environment, thereby aiming to increase customer traffic and sales.
- Growth of Loyalty Program and Personalization: The Cracker Barrel Rewards loyalty program is a significant focus, with efforts to enhance personalization capabilities using AI-driven learning models. This is intended to further drive incremental sales and traffic by increasing customer engagement and retention.
- Strategic Pricing Initiatives: The company has implemented strategic pricing adjustments which have contributed to revenue. While mindful of market dynamics, continued effective pricing strategies are expected to support revenue growth, contributing to an increased average check, assuming challenges with menu mix and traffic are managed.
AI Analysis | Feedback
Share Repurchases
- Cracker Barrel Old Country Store, Inc. announced a new share repurchase program on September 17, 2025, authorizing the repurchase of up to $100 million of its outstanding common stock.
- This new authorization for share repurchases aligns with a modified capital allocation policy to support increased investments in the business and followed a reduction in the quarterly dividend.
- The company reportedly plans to use funds saved from canceling a remodeling project for this $100 million stock buyback program.
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 in 2030.
- The number of shares outstanding for Cracker Barrel showed a slight increase from 22.21 million in 2024 to 22.28 million in 2025, and remained at 22.28 million as of March 2026.
Capital Expenditures
- In fiscal 2025, Cracker Barrel invested $158.6 million in capital expenditures. These expenditures were primarily allocated to store maintenance ($105 million), remodels ($20 million), technology and strategic initiatives ($19 million), and new store openings ($15 million).
- For fiscal 2026, the company anticipates capital expenditures to be between $135 million and $150 million. The majority of these projected expenditures are related to maintenance, with no planned spending on new remodels.
- Cracker Barrel plans to open 2 new Cracker Barrel stores in fiscal 2026.
Peer Outperformance in Restaurants
CBRL has trailed 68% of its 34 Restaurants peers over 5Y. Restaurants ranks 11th of 23 industries in Consumer Discretionary by median 5Y return.
Share of Restaurants constituents that CBRL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
84%
of 44 industry peers · 16.9% return
3Y
55%
of 42 industry peers · -8.6% return
5Y
32%
of 34 industry peers · -57.1% return
No Restaurants peer with a comparable growth profile has beaten CBRL by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Restaurants is CBRL's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -20.7% | 72.9% | 62.4% | LINC 258% · CVSA 210% · PRDO 205% |
| Homebuilding | 18 | -6.2% | 35.2% | 49.1% | GRBK 216% · PHM 160% · TOL 139% |
| Specialty Stores | 7 | 7.5% | 47.3% | 14.3% | SIG 29% · ASO 20% · DKS 17% |
| Home Improvement Retail | 5 | -26.5% | -2.9% | -2.5% | HVT 10% · LOW -1% · HD -3% |
| Hotels, Resorts & Cruise Lines | 22 | 16.7% | 45.5% | -2.5% | RCL 172% · MAR 138% · HLT 129% |
| Automotive Retail | 18 | -20.0% | -1.2% | -7.7% | MUSA 210% · PAG 123% · ORLY 107% |
| Footwear | 10 | 54.2% | 52.7% | -14.0% | WEYS 179% · DECK 23% · SHOO 19% |
| Distributors | 4 | -11.1% | -23.5% | -14.4% | ARMK 137% · GPC 20% · LKQ -49% |
| Specialized Consumer Services | 10 | -18.1% | 13.7% | -18.4% | HRB 95% · FTDR 77% · SCI 38% |
| Home Furnishings | 4 | -7.2% | 27.0% | -18.6% | SGI 36% · LZB -4% · MHK -33% |
| Restaurants ← | 35 | -7.2% | -10.7% | -20.1% | EAT 291% · CAKE 136% · BH-A 106% |
| Leisure Products | 13 | -24.6% | -18.1% | -39.4% | GOLF 78% · HAS 15% · MCFT -21% |
| Household Appliances | 17 | -5.1% | 15.0% | -41.3% | FLXS 201% · HBB 166% · KEQU 157% |
| Automotive Parts & Equipment | 38 | -10.8% | -14.1% | -42.3% | MOD 1579% · GTX 259% · CAAS 73% |
| Leisure Facilities | 11 | -19.5% | -6.6% | -43.8% | OSW 124% · JAKK 116% · ESCA 21% |
| Apparel, Accessories & Luxury Goods | 28 | -11.1% | 8.1% | -44.0% | RL 234% · TPR 223% · ELA 204% |
| Apparel Retail | 26 | -4.3% | 17.3% | -45.1% | ANF 236% · URBN 137% · ROST 114% |
| Casinos & Gaming | 20 | -17.4% | -27.0% | -50.0% | MCRI 91% · RRR 23% · BYD 13% |
| Computer & Electronics Retail | 3 | -11.5% | 36.4% | -50.6% | BBY 4% · GME -51% · UPBD -65% |
| Broadline Retail | 15 | -3.6% | 14.3% | -56.3% | DDS 319% · EBAY 60% · AMZN 47% |
| Automobile Manufacturers | 8 | -77.9% | -48.8% | -72.9% | GM 62% · TSLA 41% · F 22% |
| Consumer Electronics | 11 | -10.2% | -16.7% | -74.1% | AXIL 2858% · GRMN 100% · SONO -48% |
| Other Specialty Retail | 18 | -37.1% | -45.0% | -80.2% | TLF 110% · BBW 70% · WINA 54% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 132.12 |
| Mkt Cap | 6.8 |
| Rev LTM | 4,842 |
| Op Inc LTM | 380 |
| FCF LTM | 303 |
| FCF 3Y Avg | 245 |
| CFO LTM | 572 |
| CFO 3Y Avg | 461 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 11.5% |
| Op Inc Chg 3Y Avg | 11.4% |
| Op Mgn LTM | 7.4% |
| Op Mgn 3Y Avg | 7.5% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 5.9% |
| FCF/Rev 3Y Avg | 4.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.8 |
| P/S | 1.4 |
| P/Op Inc | 16.1 |
| P/EBIT | 21.5 |
| P/E | 26.3 |
| P/CFO | 11.7 |
| Total Yield | 5.2% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.5% |
| 3M Rtn | -3.6% |
| 6M Rtn | 30.2% |
| 12M Rtn | 13.2% |
| 3Y Rtn | 67.5% |
| 1M Excs Rtn | -13.6% |
| 3M Excs Rtn | -8.9% |
| 6M Excs Rtn | 6.8% |
| 12M Excs Rtn | -0.7% |
| 3Y Excs Rtn | -18.2% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $51.81 | |
| Market Cap ($ Bil) | 1.2 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -12.2% | |
| 50 Days | 200 Days | |
| DMA Price | $53.79 | $38.16 |
| DMA Trend | up | up |
| Distance from DMA | -3.7% | 35.8% |
| 3M | 1YR | |
| Volatility | 50.3% | 57.0% |
| Downside Capture | 27.76 | 72.55 |
| Upside Capture | 12.94 | 76.99 |
| Correlation (SPY) | -5.5% | 9.2% |
CBRL Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.06 | -0.52 | -1.25 | -0.01 | 0.37 | 0.86 |
| Up Beta | -0.46 | -0.55 | -0.68 | -0.02 | -0.19 | 0.99 |
| Down Beta | 0.72 | -2.86 | -2.97 | -1.20 | -0.00 | 0.48 |
| Up Capture | 4% | 9% | 45% | 96% | 52% | 56% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 34 | 66 | 119 | 354 |
| Down Capture | 62% | 6% | -271% | -23% | 90% | 104% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 30 | 61 | 131 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CBRL | |
|---|---|---|---|---|
| CBRL | 21.5% | 56.9% | 0.54 | - |
| Sector ETF (XLY) | -7.2% | 19.5% | -0.51 | 20.5% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 9.1% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | -8.5% |
| Commodities (DBC) | 44.3% | 20.7% | 1.66 | -14.6% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 20.8% |
| Bitcoin (BTCUSD) | -25.9% | 44.8% | -0.54 | 6.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CBRL | |
|---|---|---|---|---|
| CBRL | -14.4% | 48.4% | -0.16 | - |
| Sector ETF (XLY) | 4.6% | 24.1% | 0.15 | 37.9% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 33.0% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | -1.3% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | -0.4% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 30.7% |
| Bitcoin (BTCUSD) | 12.2% | 52.6% | 0.41 | 18.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CBRL | |
|---|---|---|---|---|
| CBRL | -5.7% | 44.2% | 0.02 | - |
| Sector ETF (XLY) | 12.0% | 22.2% | 0.49 | 43.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 40.0% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 0.1% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 11.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 39.0% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 13.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/27/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/23/2026 | 4.5% | ||
| 6/9/2026 | 22.6% | 20.5% | 38.9% |
| 3/4/2026 | 1.5% | -9.0% | -5.6% |
| 12/9/2025 | 3.5% | -3.8% | 11.1% |
| 9/17/2025 | -7.6% | -11.7% | -18.8% |
| 6/5/2025 | -7.2% | -3.7% | 14.9% |
| 3/6/2025 | 7.6% | 8.7% | -10.4% |
| 12/4/2024 | -1.8% | -6.6% | 0.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 9 |
| # Negative | 17 | 16 | 15 |
| Median Positive | 4.0% | 5.8% | 10.2% |
| Median Negative | -3.8% | -6.6% | -9.3% |
| Max Positive | 22.6% | 20.5% | 38.9% |
| Max Negative | -12.9% | -16.2% | -18.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/23/2026 | 4.5% | ||
| 6/9/2026 | 22.6% | 20.5% | 38.9% |
| 3/4/2026 | 1.5% | -9.0% | -5.6% |
| 12/9/2025 | 3.5% | -3.8% | 11.1% |
| 9/17/2025 | -7.6% | -11.7% | -18.8% |
| 6/5/2025 | -7.2% | -3.7% | 14.9% |
| 3/6/2025 | 7.6% | 8.7% | -10.4% |
| 12/4/2024 | -1.8% | -6.6% | 0.4% |
| 9/19/2024 | -1.1% | 4.9% | 19.9% |
| 5/30/2024 | 6.1% | 14.2% | -7.1% |
| 2/27/2024 | -3.1% | -6.6% | -4.7% |
| 11/30/2023 | -10.6% | -2.7% | 2.6% |
| 9/13/2023 | -3.0% | -7.1% | -9.1% |
| 6/6/2023 | -4.6% | -4.1% | -6.5% |
| 2/28/2023 | 1.1% | 2.8% | 4.7% |
| 12/2/2022 | -12.9% | -10.9% | -16.9% |
| 9/27/2022 | -0.6% | -6.5% | 10.2% |
| 6/7/2022 | -5.8% | -13.3% | -13.7% |
| 2/22/2022 | -0.3% | 1.3% | -9.3% |
| 11/23/2021 | -8.8% | -14.6% | -13.1% |
| 9/21/2021 | -2.7% | 6.6% | -2.3% |
| 5/25/2021 | -2.0% | -1.8% | -7.4% |
| 2/23/2021 | -3.8% | 0.8% | 1.0% |
| 12/3/2020 | 2.1% | -4.6% | -10.7% |
| 9/15/2020 | -5.0% | -16.2% | -15.1% |
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 9 |
| # Negative | 17 | 16 | 15 |
| Median Positive | 4.0% | 5.8% | 10.2% |
| Median Negative | -3.8% | -6.6% | -9.3% |
| Max Positive | 22.6% | 20.5% | 38.9% |
| Max Negative | -12.9% | -16.2% | -18.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/25/2026 | 10-K |
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 03/04/2026 | 10-Q |
| 10/31/2025 | 12/09/2025 | 10-Q |
| 07/31/2025 | 09/26/2025 | 10-K |
| 04/30/2025 | 06/05/2025 | 10-Q |
| 01/31/2025 | 03/06/2025 | 10-Q |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/27/2024 | 10-K |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 02/27/2024 | 10-Q |
| 10/31/2023 | 11/30/2023 | 10-Q |
| 07/31/2023 | 09/26/2023 | 10-K |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 02/28/2023 | 10-Q |
| 10/31/2022 | 12/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/25/2026 | 10-K |
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 03/04/2026 | 10-Q |
| 10/31/2025 | 12/09/2025 | 10-Q |
| 07/31/2025 | 09/26/2025 | 10-K |
| 04/30/2025 | 06/05/2025 | 10-Q |
| 01/31/2025 | 03/06/2025 | 10-Q |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/27/2024 | 10-K |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 02/27/2024 | 10-Q |
| 10/31/2023 | 11/30/2023 | 10-Q |
| 07/31/2023 | 09/26/2023 | 10-K |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 02/28/2023 | 10-Q |
| 10/31/2022 | 12/02/2022 | 10-Q |
| 07/31/2022 | 09/27/2022 | 10-K |
| 04/30/2022 | 06/07/2022 | 10-Q |
| 01/31/2022 | 02/24/2022 | 10-Q |
| 10/31/2021 | 11/23/2021 | 10-Q |
| 07/31/2021 | 09/24/2021 | 10-K |
| 04/30/2021 | 05/25/2021 | 10-Q |
| 01/31/2021 | 02/23/2021 | 10-Q |
| 10/31/2020 | 12/03/2020 | 10-Q |
| 07/31/2020 | 09/25/2020 | 10-K |
| 04/30/2020 | 06/02/2020 | 10-Q |
| 01/31/2020 | 02/25/2020 | 10-Q |
| 10/31/2019 | 11/26/2019 | 10-Q |
Recent Forward Guidance
Updated 9/24/2026Latest: Q4 2026 Earnings Reported 9/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Quarterly Dividend Per Share | Reported | 0.25 | ||||||
| 2027 Comparable Store Restaurant Sales Growth | Reported | 3.0% | 4.0% | 5.0% | ||||
| 2027 New Store Openings | Reported | 0 | ||||||
| 2027 Commodity Inflation | Reported | 0.03 | 1.0% | Higher New | Guidance: 0.02 for 2026 | |||
| 2027 Hourly Wage Inflation | Reported | 0.03 | 0.03 | 0.03 | 0.8% | Higher New | Guidance: 0.02 for 2026 | |
| 2027 Total Revenue | Reported | 3.33 Bil | 3.36 Bil | 3.40 Bil | 2.4% | Higher New | Guidance: 3.29 Bil for 2026 | |
| 2027 Adjusted EBITDA | Reported | 180.00 Mil | 190.00 Mil | 200.00 Mil | 55.1% | Higher New | Guidance: 122.50 Mil for 2026 | |
| 2027 Capital Expenditures | Reported | 110.00 Mil | 117.50 Mil | 125.00 Mil | 6.8% | Higher New | Guidance: 110.00 Mil for 2026 | |
Prior: Q3 2026 Earnings Reported 6/9/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Commodity Inflation | Reported | 0.02 | -0.2% | Lowered | Guidance: 0.02 for 2026 | |||
| 2026 Hourly Wage Inflation | Reported | 0.02 | -0.8% | Lowered | Guidance: 0.03 for 2026 | |||
| 2026 Total Revenue | Reported | 3.27 Bil | 3.29 Bil | 3.30 Bil | 0.9% | Raised | Guidance: 3.25 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 120.00 Mil | 122.50 Mil | 125.00 Mil | 32.4% | Raised | Guidance: 92.50 Mil for 2026 | |
| 2026 Capital Expenditures | Reported | 105.00 Mil | 110.00 Mil | 115.00 Mil | 0 | Affirmed | Guidance: 110.00 Mil for 2026 | |
Q2 2026 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Commodity inflation | Reported | 0.02 | 0.02 | 0.03 | -0.8% | Lowered | Guidance: 0.03 for 2026 | |
| 2026 Hourly wage inflation | Reported | 0.03 | 0.03 | 0.03 | -0.8% | Lowered | Guidance: 0.04 for 2026 | |
| 2026 Revenue | Reported | 3.24 Bil | 3.25 Bil | 3.27 Bil | 0.2% | Raised | Guidance: 3.25 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 85.00 Mil | 92.50 Mil | 100.00 Mil | 2.8% | Raised | Guidance: 90.00 Mil for 2026 | |
| 2026 Capital expenditures | Reported | 105.00 Mil | 110.00 Mil | 115.00 Mil | -6.4% | Lowered | Guidance: 117.50 Mil for 2026 | |
Q1 2026 Earnings Reported 12/9/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Commodity Inflation | Reported | 0.03 | 0.03 | 0.04 | 0 | Affirmed | Guidance: 0.03 for 2026 | |
| 2026 Hourly Wage Inflation | Reported | 0.03 | 0.04 | 0.04 | 0 | Affirmed | Guidance: 0.04 for 2026 | |
| 2026 Total Revenue | Reported | 3.20 Bil | 3.25 Bil | 3.30 Bil | -4.4% | Lowered | Guidance: 3.40 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 70.00 Mil | 90.00 Mil | 110.00 Mil | -47.1% | Lowered | Guidance: 170.00 Mil for 2026 | |
| 2026 Capital Expenditures | Reported | 110.00 Mil | 117.50 Mil | 125.00 Mil | -17.5% | Lowered | Guidance: 142.50 Mil for 2026 | |
Insider Activity
Updated 8/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gmt, Capital Corp | Direct | Sell | 1062026 | 27.10 | 42,400 | 1,149,040 | 59,560,380 | Form | |
| 2 | Gmt, Capital Corp | Direct | Sell | 12312025 | 25.56 | 42,400 | 1,083,744 | 57,259,512 | Form | |
| 3 | Gmt, Capital Corp | Direct | Sell | 12262025 | 26.03 | 42,400 | 1,103,672 | 59,416,078 | Form | |
| 4 | Gmt, Capital Corp | Direct | Sell | 12232025 | 26.37 | 42,400 | 1,118,088 | 61,310,250 | Form | |
| 5 | Gmt, Capital Corp | Direct | Sell | 12182025 | 26.85 | 42,400 | 1,138,440 | 63,564,690 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gmt, Capital Corp | Direct | Sell | 1062026 | 27.10 | 42,400 | 1,149,040 | 59,560,380 | Form | |
| 2 | Gmt, Capital Corp | Direct | Sell | 12312025 | 25.56 | 42,400 | 1,083,744 | 57,259,512 | Form | |
| 3 | Gmt, Capital Corp | Direct | Sell | 12262025 | 26.03 | 42,400 | 1,103,672 | 59,416,078 | Form | |
| 4 | Gmt, Capital Corp | Direct | Sell | 12232025 | 26.37 | 42,400 | 1,118,088 | 61,310,250 | Form | |
| 5 | Gmt, Capital Corp | Direct | Sell | 12182025 | 26.85 | 42,400 | 1,138,440 | 63,564,690 | Form | |
| 6 | Gmt, Capital Corp | Direct | Sell | 12182025 | 26.13 | 42,400 | 1,107,912 | 62,968,074 | Form | |
| 7 | Gmt, Capital Corp | Direct | Sell | 12122025 | 28.79 | 42,400 | 1,220,696 | 70,598,838 | Form | |
| 8 | Gmt, Capital Corp | Direct | Sell | 12122025 | 26.13 | 42,400 | 1,107,912 | 65,183,898 | Form | |
| 9 | Gmt, Capital Corp | Direct | Sell | 12102025 | 27.61 | 42,400 | 1,170,664 | 70,046,570 | Form | |
| 10 | Gmt, Capital Corp | Direct | Sell | 12102025 | 26.89 | 42,400 | 1,140,136 | 69,360,066 | Form | |
| 11 | Gmt, Capital Corp | Direct | Sell | 12082025 | 27.73 | 42,400 | 1,175,752 | 72,702,514 | Form | |
| 12 | Gmt, Capital Corp | Direct | Sell | 12082025 | 28.33 | 42,400 | 1,201,192 | 75,476,786 | Form | |
| 13 | Gmt, Capital Corp | Direct | Sell | 12042025 | 28.60 | 42,400 | 1,212,640 | 77,408,760 | Form | |
| 14 | Gmt, Capital Corp | Direct | Sell | 12042025 | 28.15 | 84,700 | 2,384,305 | 77,384,350 | Form |
Cracker Barrel Old Country Store — Investor Video Playlist
Products & Services
Cracker Barrel Gets Its Groove Back? Plus KFC, Flesh Eating Screwworm, and More Restaurant News
Investor / Analyst
GE Vernova Soars, Oracle Drops, Cracker Barrel Drops on Sales Forecast | Stock Movers
Investor / Analyst
Cracker Barrel’s results are in, Olive Garden shrinks its portions, and Starbucks is getting sued
Investor / Analyst
Cracker Barrel Sell-Off: Earnings Miss Sparks Debate
Investor / Analyst
Logo Controversy Sparks Stock Moves | SunOpta & Govax Update Big Biz Show
Products & Services
Cracker Barrel says it will go back to old logo amid redesign backlash
Leadership
Cracker Barrel to renovate its locations
Investor / Analyst
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) Q3 2025 Earnings Call | 6/5/2025
Leadership
We want to open the aperture so more people love Cracker Barrel, says CEO Julie Masino
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 9/26/2026