Cracker Barrel gains, expects to beat high end of 2026 revenue forecast

Cracker Barrel Old Country Store

20/07/2026 21:33

** Casual dining chain Cracker Barrel's CBRL.O shares rise 7.6% to $57.49 in extended trading
** CBRL now expects to achieve or exceed the high end of its revenue forecast and exceed its adjusted EBITDA outlook for FY 2026
** On June 9, CBRL said it expects total revenue between $3.27 bln and $3.30 bln and adjusted EBITDA of $120 mln to $125 mln
** Co to close 16 Maple Street Biscuit Company locations; also completed sale of certain assets used in MSBC business
** Expects non-cash charges of ~$37 million to $39 million in connection with divestiture during Q4 FY 2026
** As of Monday's close, stock has more than doubled YTD

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))