Cracker Barrel Old Country Store, Inc. (CBRL) shares have fallen 21.9% year to date (YTD), significantly underperforming the Zacks Retail - Restaurants industry’s 3.4% growth. Over the same period, the stock has trailed the broader Zacks Retail-Wholesale sector’s 1.5% dip and the S&P 500 index’s 4.1% decline.The CBRL stock has struggled to gain investor confidence despite beating earnings and sales estimates in second-quarter fiscal 2025 and providing a strong outlook for the year. The recent dip in the CBR ...

Shares of Cracker Barrel Old Country Store (CBRL) have gained 2.8% over the past four weeks to close the last trading session at $41.01, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $51.43 indicates a potential upside of 25.4%.The average comprises seven short-term price targets ranging from a low of $39 to a high of $69, with a standard deviation of $9.14. While the lowest e ...

Shares of Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) are up 8.4% at $46.40 at last glance, after Truist Securities upgraded the stock to "buy" from "hold," with a price-target hike to $55 from $51. The bull note follows last week's fiscal second-quarter earnings report, which featured better-than-expected earnings and revenue, same-store sales growth of 4.7%, and a raised forecast. The restaurant chain also announced a $700 million reinvention plan spanning three years, which will include large menu ...

In this articleMCDCBRLDENNDINdomoyega | E+ | Getty ImagesAlicia Love typically purchases the most popular beans for Coffee Labs Roasters in a one-year deal with her coffee importer. But at the end of last year, prices were so high that she decided to wait the market out.Instead, prices climbed even higher. With supplies running low, she signed a purchase order for a three-month supply, and hopes that prices will soon ease."At the time I thought, should we wait to sign this new deal?" Love, an owner of the T ...

Cracker Barrel Old Country Store, Inc. (CBRL) posted second-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate for the second straight quarter. Both top and bottom lines increased from the prior-year quarter’s figure. Investor sentiments were also boosted after the company raised its fiscal 2025 guidance. Following the results, the company’s shares increased 7.6% yesterday during trading hours.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. ...

Conference Call Participants Jeff Farmer - Gordon Haskett Research Advisors Todd Brooks - The Benchmark Company Katherine Griffin - Bank of America Alton Stump - Loop Capital Markets Andrew Wolf - CL King Jon Tower - Citigroup Larson Rice - Truist Securities Operator Call Start: 11:00 January 1, 0000 12:02 PM ET Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Q2 2025 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Adam Hanan - Director of Investor Relations Julie Masino - Presid ...

Shares of restaurant chain Cracker Barrel (CBRL 7.59%) have been steadily sliding downwards since early 2021. And on Wednesday, the stock was trading close to its lowest price in over a decade. But the company released results for its fiscal 2025 second quarter on Thursday morning and raised its guidance. And that's why Cracker Barrel stock is bouncing back after years of declines, up by as much as 27% early in Thursday's session and up by about 8% as of 12:15 p.m. ET.Cracker Barrel finds its footingSometim ...

Revenue Performance - Total revenue for the second quarter of 2025 increased by 1.5% compared to the same period in the prior year, while revenue for the first six months increased by 2.0%[88] - Total revenue for the second quarter of 2025 was $949,439, an increase of 1.1% from $935,401 in the same period of 2024[1] - Comparable restaurant sales increased by 4.7% in the second quarter of 2025, driven by an average check increase of 7.4%[1][2] - Retail sales decreased by 2.8% in the first six months of 2025, primarily due to a decline in guest traffic[2][3] Cost and Expenses - Cost of goods sold as a percentage of total revenue decreased from 33.7% in Q2 2024 to 32.6% in Q2 2025[84] - Cost of Goods Sold (COGS) for restaurants decreased to 27.1% of restaurant revenue in the second quarter of 2025, down from 28.2% in the prior year[1][4] - Labor and other related expenses as a percentage of total revenue remained relatively stable, decreasing slightly from 34.5% in Q2 2024 to 34.4% in Q2 2025[84] - Labor and related expenses accounted for 34.4% of total revenue in the second quarter of 2025, a slight decrease from 34.5% in the same period of 2024[1][5] - General and administrative expenses increased to 6.5% of total revenue in the second quarter of 2025, up from 5.6% in the prior year, due to higher professional fees[1][6] Operating Performance - Operating income for the second quarter of 2025 was 3.1% of total revenue, compared to 3.3% in the same quarter of the previous year[84] - The effective tax rate for the second quarter of 2025 was 8.0%, compared to a benefit of (3.3)% in the same period of 2024[1][7] - The company recorded impairment charges of $2,163 in the second quarter of 2025 due to the deterioration in operating performance at certain locations[1][8] - Interest expense for the second quarter of 2025 was $4,978, remaining relatively constant compared to $5,067 in the same period of 2024[1][9] Strategic Initiatives - The company plans to complete 25-30 store remodels and refreshes in 2025 to enhance the guest experience[79] - The strategic transformation plan focuses on five pillars, including refining the brand and enhancing the menu to drive profitability[78] - Comparable store restaurant sales metrics are used to evaluate sales growth, excluding new store openings and sales related to MSBC[82] - The average check per guest is monitored to identify trends in guest preferences and the effectiveness of menu changes[83] Financial Outlook - The company anticipates challenges in the macroeconomic outlook, including inflation and high consumer debt levels, but remains focused on long-term growth[78] - The company expects commodity inflation to be approximately 2% to 3% in 2025[1][10] Cash Flow and Capital Expenditures - Cash generated from operations for the first six months of 2025 was $93,693, an increase of 51.3% compared to $61,879 in the same period of 2024[113] - Capital expenditures for the first six months of 2025 were $76,986, up 50.5% from $51,080 in the prior year, primarily for maintenance and remodel initiatives[114] - The company expects to increase capital expenditures to approximately $600,000 to $700,000 from 2025 to 2027, with $160,000 to $180,000 planned for 2025[115] Debt and Financing - As of January 31, 2025, the company had $491,996 available for borrowing under the 2022 Revolving Credit Facility after outstanding borrowings of $174,000[117] - The company has a $700,000 revolving credit facility with an option to increase by $200,000, which is subject to financial covenants[116] - A one-percentage point change in the $174,000 outstanding borrowings would impact pre-tax annualized interest costs by approximately $1,759[133] - The company issued $300,000 of 0.625% Convertible Senior Notes, maturing on June 15, 2026[119] - The company remains in compliance with the financial covenants of the 2022 Revolving Credit Facility as of January 31, 2025[118] Store Operations - As of January 31, 2025, the company operated 657 Cracker Barrel stores and 69 Maple Street Biscuit Company locations, totaling 726 units[72][87] - Negative working capital was $173,982 as of January 31, 2025, slightly improved from $175,993 on August 2, 2024[124]

For the quarter ended January 2025, Cracker Barrel Old Country Store (CBRL) reported revenue of $949.44 million, up 1.5% over the same period last year. EPS came in at $1.38, compared to $1.37 in the year-ago quarter.The reported revenue represents a surprise of +0.80% over the Zacks Consensus Estimate of $941.93 million. With the consensus EPS estimate being $1.01, the EPS surprise was +36.63%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Financial Performance - Total revenue for Q2 fiscal 2025 was $949.4 million, a 1.5% increase compared to Q2 fiscal 2024[5] - GAAP net income for Q2 was $22.2 million, a 16.3% decrease from $26.5 million in the prior year quarter[6] - Adjusted EBITDA for Q2 was $74.6 million, reflecting a 19.6% increase from $62.4 million in the prior year quarter[6] - Adjusted earnings per diluted share were $1.38, a 9.5% increase compared to $1.26 in the prior year quarter[7] - Total revenue for the second quarter ended January 31, 2025, was $949,439,000, representing a 2% increase compared to $935,401,000 for the same period last year[17] - Net income decreased by 16% to $22,207,000 for the second quarter, down from $26,534,000 in the prior year[17] - Earnings per share (EPS) on a diluted basis was $0.99, a decrease of 17% from $1.19 in the same quarter last year[17] - Operating income for the second quarter was $29,123,000, down 5% from $30,762,000 in the previous year[17] - Adjusted net income for the second quarter was $30,921 thousand, representing a 10.0% increase from $28,067 thousand in the prior year[25] - EBITDA for the second quarter was $59,357 thousand, with an EBITDA margin of 6.3%[27] - Adjusted EBITDA for the second quarter was $74,628 thousand, reflecting a margin of 7.9%[27] Revenue Guidance - The company expects fiscal 2025 total revenue to be between $3.45 billion and $3.50 billion, up from the previous outlook of $3.4 billion to $3.5 billion[11] - Adjusted EBITDA guidance for fiscal 2025 is now set at $210 million to $220 million, increased from the previous range of $200 million to $215 million[11] Store Operations - Comparable store restaurant sales increased by 4.7%, driven by total menu pricing increases of 6.0%[5] - The company plans to open 1 to 2 new Cracker Barrel stores, revised from the previous outlook of 2 stores[11] - The company-owned units for Cracker Barrel decreased by 1 unit to 657, while Maple Street Biscuit Company units increased to 69 from 63[23] Costs and Expenses - The company anticipates commodity inflation of 2% to 3% compared to the prior year, with hourly wage inflation around 3%[11] - Total cost of goods sold for the second quarter was $305,465,000, a decrease of 2% from $310,522,000 in the prior year[23] - The company incurred $5,263 thousand in proxy contest expenses during the second quarter[27] - Strategic transformation initiative expenses amounted to $3,965 thousand in the second quarter[27] Cash and Assets - Cash and cash equivalents at the end of the period were $10,346,000, down from $12,602,000 at the end of the previous year[20] - The company reported a net cash provided by operating activities of $93,693,000 for the six months ended January 31, 2025, compared to $61,879,000 for the same period last year[21] - Total assets decreased to $2,149,557,000 from $2,185,059,000 year-over-year[20] Dividends - The quarterly dividend declared is $0.25 per share, payable on May 14, 2025[8] Financial Reporting Changes - The company plans to enhance comparability of its financial measures by no longer adjusting for store closing costs starting from the second quarter of fiscal 2025[26]