Cracker Barrel's Q2 revenue falls

Cracker Barrel Old Country Store

04/03/2026 21:21

Overview

Restaurant chain's fiscal Q2 revenue fell 7.9% yr/yr but beat analyst expectations

Reported adjusted EPS for fiscal Q2 of $0.25, compared to analyst expectations of a loss

Company updated fiscal 2026 outlook with revised revenue and EBITDA projections

Outlook

Cracker Barrel narrowed its fiscal 2026 revenue outlook at $3.24 bln to $3.27 bln

Company expects fiscal 2026 adjusted EBITDA of $85 mln to $100 mln

Cracker Barrel forecasts commodity inflation of 2.0% to 2.5% for fiscal 2026

Result Drivers

DECLINING COMPARABLE SALES -  A 7.1% decrease in comparable restaurant sales and a 9.2% decrease in comparable retail sales dragged revenue

FINANCIAL PERFORMANCE ACTIONS - Co took additional actions to improve financial performance, aiming to regain prior momentum

Company press release: ID:nPnbmQlLLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$874.80 mln
$864.35 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$0.25
-$0.30 (9 Analysts)
Q2 EPS
$0.06
Q2 Net Income
$1.30 mln
Q2 Adjusted EBITDA
Beat
$38.20 mln
$26.22 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for Cracker Barrel Old Country Store Inc is $28.00, about 8.8% below its March 3 closing price of $30.71

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)