Cracker Barrel Old Country Store Inc
NASDAQ:CBRL

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Cracker Barrel Old Country Store Inc
NASDAQ:CBRL
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Price: 26.62 USD -2.6% Market Closed
Market Cap: 592.8m USD

Cracker Barrel Old Country Store Inc
Investor Relations

Cracker Barrel Old Country Store Inc. intertwines the charm of Southern hospitality with a distinct retail experience. Founded in 1969 in Lebanon, Tennessee, by Dan Evins, the company was born out of the vision to provide a welcoming stop for travelers along the nation's highways. Today, it operates several hundred locations across the United States, each one a nostalgic throwback to comfort and tradition. At the heart of Cracker Barrel's business model is its dual offering: a homestyle restaurant serving up classic Southern dishes and a retail store filled with country-themed merchandise. This unique combination not only distinguishes the brand but also creates a multi-faceted revenue stream, drawing a customer base that values both the dining experience and the opportunity to explore the curated selection of gifts, home goods, and food products.

Cracker Barrel derives its income primarily from two sources: its restaurant and retail operations. The restaurants offer a menu laden with Southern classics such as biscuits, gravy, and fried chicken, captivating diners with an atmosphere that feels like a step back in time. It appeals to families, travelers, and nostalgia seekers, enhancing customer loyalty through comfort food and warm service. Simultaneously, the adjacent retail stores entice diners to linger longer, browsing through an assortment of merchandise that complements the rural, homey aesthetic synonymous with the Cracker Barrel brand. This clever synergy between dining and shopping boosts average ticket sizes and creates an integrated experience that captures the essence of Southern charm, ensuring that each visit is more than just a meal but a destination unto itself.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Dec 9, 2025
AI Summary
Q1 2026

Sales Decline: Cracker Barrel reported Q1 revenue of $797.2 million, down 5.7% year-over-year, with comparable restaurant sales dropping 4.7% and traffic down 7.3%.

Profitability Impact: Adjusted EBITDA for the quarter fell sharply to $7.2 million, hurt by lower sales, higher costs, and $14 million in incremental spending on advertising, marketing, and events.

Guidance Lowered: Full-year revenue guidance was maintained at $3.2–3.3 billion, but embedded traffic assumptions were reduced to negative 8–10%, and adjusted EBITDA guidance was cut to $70–110 million.

Cost-Cutting Actions: The company is accelerating corporate restructuring and expects $20–25 million in annualized G&A savings, as well as $12–16 million in reduced advertising spend for Q2–Q4.

Menu & Experience Focus: Cracker Barrel is refocusing on core menu items, quality, and guest experience, bringing back popular dishes, and enhancing its loyalty program, which now exceeds 10 million members.

Macro & Industry Headwinds: Management cited a weaker industry backdrop and softer consumer sentiment as ongoing challenges, alongside internal operational execution issues.

Key Financials
Revenue
$797.2 million
Restaurant Revenue
$650.6 million
Pricing
4.1%
Menu Mix
-1.2%
Off-premise Sales
18.1% of restaurant sales
Retail Revenue
$146.6 million
Restaurant Cost of Goods Sold
26.6% of restaurant sales
Retail Cost of Goods Sold
51.4% of retail sales
Inventories
$209.1 million
Labor and Related Expenses
37.8% of revenue
Wage Inflation
1.5%
Commodity Inflation
2.1%
Other Operating Expenses
28.7% of revenue
Adjusted General and Administrative Expenses
5.1% of revenue
Net Interest Expense
$3.7 million
GAAP Earnings Per Diluted Share
negative $1.10
Adjusted Earnings Per Diluted Share
negative $0.74
Adjusted EBITDA
$7.2 million
Debt
$550.3 million
Total Available Liquidity
$485 million
Consolidated Debt to Adjusted EBITDA Leverage Ratio
2.8x
Capital Expenditures
$34.2 million (Q1)
Dividend
$0.25 per share quarterly
Loyalty Program Members
over 10 million
Other Earnings Calls

Management

Ms. Julie Felss Masino
President, CEO & Director
No Bio Available
Mr. Craig A. Pommells
Senior VP & CFO
No Bio Available
Mr. Richard M. Wolfson J.D.
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Donna L. Roberts
Senior VP & Chief Human Resources Officer
No Bio Available
Ms. Laura A. Daily
Senior VP and Chief of Merchant & Retail Supply Chain
No Bio Available
Mr. William W. Moreton
Advisor
No Bio Available
Mr. Brian T. Vaclavik
VP, Controller & Principal Accounting Officer
No Bio Available
Mr. Bruce A. Hoffmeister
Senior VP & Chief Information Officer
No Bio Available
Kaleb Johannes
Vice President of Investor Relations
No Bio Available
Sherri L. Moore
Vice President of Sales & Retail Services
No Bio Available

Contacts

Address
TENNESSEE
Lebanon
PO Box 787
Contacts