Restaurant chain Cracker Barrel raises annual revenue, EBITDA outlook after Q3 results beat

Cracker Barrel Old Country Store

09/06/2026 21:15

Overview
U.S. restaurant and retail chain's fiscal Q3 revenue fell 2.9% but beat analyst expectations
Adjusted EPS and adjusted EBITDA for fiscal Q3 beat analyst expectations
Comparable store restaurant sales declined 2.6% yr/yr

Outlook
Cracker Barrel raises fiscal 2026 revenue outlook to $3.27 bln-$3.30 bln
Company lifts fiscal 2026 adjusted EBITDA forecast to $120 mln-$125 mln
Cracker Barrel expects commodity and hourly wage inflation in the low 2% range

Result Drivers
OPERATIONAL INITIATIVES - Co said initiatives to improve operations, deepen guest connection, and enhance profitability contributed to Q3 results
LITIGATION SETTLEMENT GAIN - GAAP net income increased to $42.8 million from $12.6 million YoY, significantly boosted by a $47.4 million benefit related to a settlement agreement on interchange fee litigation

Company press release: ID:nPn1VF3Kga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$797.4 mln
$776.69 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$0.29
-$0.45 (8 Analysts)
Q3 EPS
 
$1.90
 
Q3 Net Income
 
$42.8 mln
 
Q3 Adjusted EBITDA
Beat
$40.3 mln
$24.55 mln (8 Analysts)
Q3 comparable store restaurant sales Growth
 
-2.6%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "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 $31.50, about 7.9% below its June 8 closing price of $34.21

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(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.)