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Cracker Barrel Old Country Store
Cracker Barrel Old Country Store (CBRL) investor relations material
Cracker Barrel Old Country Store Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary4 Mar, 2026
Executive summary
Q2 2026 revenue was $874.8 million, down 7.9% year-over-year, with comparable restaurant sales down 7.1% and retail sales down 9.2%.
Net income was $1.3 million, a 94% decrease from $22.2 million in the prior year; adjusted EBITDA was $38.2 million, down from $74.6 million.
Leadership changes, menu innovation, and loyalty program growth contributed to improved guest experience metrics, including a Google star rating of 4.28.
The company closed 1 Cracker Barrel and 14 MSBC locations in the first half of 2026, ending with 710 total units.
Operational focus and cost-saving initiatives are driving guest engagement and traffic recovery.
Financial highlights
Total Q2 revenue was $874.8 million, with restaurant revenue at $694.3 million and retail revenue at $180.5 million.
Comparable store restaurant sales declined 7.1%, with traffic down 10.1% and average check up 3.4%.
Adjusted EBITDA was $38.2 million (4.4% of revenue), and adjusted EPS was $0.25; GAAP EPS was $0.06.
Operating income dropped to $0.5 million from $29.1 million year-over-year.
Cost of goods sold as a percentage of revenue increased to 33.5%, and labor expenses rose to 36.1% of revenue.
Outlook and guidance
Fiscal 2026 revenue guidance is $3.24–$3.27 billion, with adjusted EBITDA expected at $85–$100 million.
Commodity inflation projected at 2.0–2.5%, wage inflation at 2.5–3.0%.
Capital expenditures planned at $105–$115 million, funded by operations and credit facility.
Traffic for the year projected at -8.5% to -9.5%.
Management expects continued macroeconomic challenges, including inflation volatility and high consumer debt.
Detail actions to regain prior momentum
Rationale for dividend given profit decline?
Factors driving lower inflation outlook?
Maintain awareness with reduced H2 ad spend
Mitigation strategy for retail tariff impacts
Loyalty member traffic vs nonmember trends
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Next Cracker Barrel Old Country Store earnings date
Q3 20264 Jun, 2026
Cracker Barrel Old Country Store
Next Cracker Barrel Old Country Store earnings date
Q3 20264 Jun, 2026
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Frequently asked questions
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.
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