Financial Performance - Cracker Barrel's shares dropped due to a forecast of lower guest traffic [1] Company Strategy - The report was the first since a failed rebranding [1]

Core Viewpoint - Cracker Barrel's stock has declined due to a disappointing full-year outlook, projecting lower traffic and sales, alongside a recent logo change backlash [1][2]. Financial Performance - For fiscal year 2026, Cracker Barrel expects total revenue between $3.35 billion and $3.45 billion, with a traffic decline of 4%-7% from the previous year, falling short of Wall Street's expectation of $3.52 billion [2]. - In the fourth quarter, the company reported adjusted earnings per share of $0.74, slightly below the expected $0.76, with revenue of $868 million, exceeding forecasts. Same-store restaurant sales increased by 5.4%, surpassing the anticipated 3.5% [4]. Traffic and Sales Outlook - CFO Craig Pommells indicated a 1% traffic decline in early August, worsening to approximately 8% since the logo change on August 19. The company anticipates a Q1 traffic decline of 7%-8% if trends continue [3]. - The company has withdrawn its revenue outlook for fiscal year 2027, which was previously estimated at $3.8 billion to $3.9 billion [3]. Strategic Changes - Following customer feedback, the company reverted to its old logo and is implementing new marketing strategies focused on nostalgia, including the character Uncle Herschel [5][7]. - Capital expenditures for the upcoming fiscal year are expected to decrease to $135 million-$150 million, with no planned spending on store remodels, although two new stores will be opened [6].

The CEO says the restaurant chain is listening to guests and is optimistic after the logo controversy. ...

Core Viewpoint - Shares of Cracker Barrel Old Country Store Inc. declined after hours due to a forecast of falling traffic and sales that did not meet Wall Street expectations, attributed to backlash from logo changes and store remodels [1] Group 1 - The company anticipates a decrease in customer traffic for the upcoming fiscal year [1] - Sales projections for the company are below market expectations [1] - The decline in performance is linked to negative reactions regarding the company's rebranding efforts and store renovations [1]

Core Viewpoint - Cracker Barrel Old Country Store is shifting its focus back to enhancing guest experiences after facing backlash over a recent rebranding attempt, which included a logo change and restaurant remodels [2][4][5]. Financial Performance - The company reported mixed fiscal fourth-quarter earnings, with earnings per share at 74 cents, below the expected 80 cents, while revenue was $868 million, exceeding the expected $855 million [6]. - Despite the positive revenue figure, the stock fell 10% in after-hours trading following the earnings report [2]. Strategic Changes - CEO Julie Masino expressed optimism about the company's future and noted that Cracker Barrel is reverting to its 'Old Timer' logo and pausing remodels to focus on kitchen improvements and guest experience [3][4]. - The company has experienced five consecutive quarters of comparable store restaurant sales increases and a 9% adjusted EBITDA growth in fiscal 2025 [3]. Revenue Expectations - For fiscal 2026, Cracker Barrel anticipates total revenue between $3.35 billion and $3.45 billion, which is below the $3.52 billion expected by analysts, along with a projected same-store traffic decline of 4% to 7% [3].

Financial Performance - Total revenue for Q4 fiscal 2025 was $868.0 million, a decrease of 2.9% compared to the prior year, but an increase of 4.4% when adjusted for the 53-week impact[4]. - GAAP net income for Q4 was $6.8 million, down 62.8% from $18.1 million in the prior year, with a 46.6% decrease when adjusted for the 53-week impact[4]. - Adjusted EBITDA for Q4 was $55.7 million, a decrease of 2.9% year-over-year, but an increase of 8.0% when adjusted for the 53-week impact[4]. - For the full year fiscal 2025, total revenue was $3.48 billion, reflecting a 0.4% increase, or 2.2% when adjusted for the 53-week impact[9]. - GAAP net income for the full year was $46.4 million, a 13.3% increase from $40.9 million in the prior year, with a 30.9% increase when adjusted for the 53-week impact[9]. - Total revenue for the fourth quarter was $868,009, a decrease of 3% compared to $894,387 in the same quarter last year[19]. - Net income for the fourth quarter was $6,754, down 63% from $18,139 in the prior year[19]. - Operating income decreased by 82% to $3,978 from $22,216 year-over-year[19]. - Earnings per share (EPS) for the fourth quarter was $0.30, a decrease of 63% from $0.82 in the same quarter last year[19]. - Net income for the twelve months ended August 1, 2025, was $46,379,000, an increase from $40,930,000 for the previous year, representing a growth of 10.6%[23]. - Total revenue for the twelve months ended August 1, 2025, was $3,483,684,000, slightly up from $3,470,762,000 in the previous year, reflecting a growth of 0.4%[31]. - Adjusted net income for the twelve months ended August 1, 2025, was $70,912,000, down from $78,544,000 in the previous year, indicating a decline of 9.3%[31]. Capital Expenditures and Investments - The company plans to invest $135 million to $150 million in capital expenditures for fiscal 2026, primarily for maintenance, with no spending on new remodels[16]. - The company has authorized a new share repurchase program of up to $100 million of its outstanding common stock[16]. Future Outlook - The company expects total revenue for fiscal 2026 to be between $3.35 billion and $3.45 billion, assuming a comparable store traffic decline of 4% to 7%[16]. - The company announced a quarterly dividend of $0.25 per share, payable on November 12, 2025[16]. Liquidity and Debt - The company ended fiscal 2025 with a consolidated total leverage ratio of 2.0x and available liquidity of $555.6 million[16]. - Cash and cash equivalents increased significantly to $39,643 from $12,035 year-over-year[21]. - Long-term debt decreased to $335,457 from $476,581, reflecting a reduction in financial liabilities[21]. - The company’s total liabilities decreased slightly, with shareholders' equity increasing to $461,689 from $440,149[21]. Operational Metrics - The company reported a 6% decrease in labor and related expenses, totaling $316,326 compared to $335,121 in the previous year[19]. - The average unit volume for Cracker Barrel restaurants decreased to $1,064.3 thousand in the fourth quarter from $1,083.6 thousand in the previous year, a decline of 1.1%[24]. - The company opened 0 new Cracker Barrel units in the fourth quarter, maintaining a total of 657 units, while Maple Street Biscuit Company closed 2 units, ending with 68 units[24]. - Cash flows from operating activities increased to $218,899,000 for the twelve months ended August 1, 2025, compared to $168,980,000 in the previous year, a growth of 29.5%[23]. Cost and Expenses - The total cost of goods sold for the twelve months ended August 1, 2025, was $1,063,218,000, a decrease from $1,070,468,000 in the previous year, reflecting a reduction of 0.7%[24]. - The fourth quarter included $31,859,000 in depreciation and amortization, contributing to a total of $122,238,000 for the twelve months[35]. - Interest expense for the fourth quarter was $4,705,000, with a total of $20,489,000 for the twelve months, both representing 0.5% and 0.6% of revenue respectively[35]. - The company incurred $16,190,000 in impairment and store closing costs during the fourth quarter, totaling $19,772,000 for the twelve months[35]. - Strategic transformation initiative expenses amounted to $7,263,000 for the twelve months, with no expenses reported for the fourth quarter[35]. Margins - Fourth quarter revenue reached $868,009,000, representing a 100% margin, while total revenue for the twelve months was $3,483,684,000, also at a 100% margin[35]. - GAAP net income for the fourth quarter was $6,754,000, or 0.8% margin, with a total of $46,379,000, or 1.3% margin for the twelve months[35]. - Adjusted EBITDA for the fourth quarter was $55,713,000, reflecting a 6.4% margin, consistent with the twelve-month adjusted EBITDA of $224,264,000, also at 6.4% margin[35]. - The company reported a fourth quarter EBITDA of $39,023,000, which is 4.5% of revenue, and a total EBITDA of $180,453,000 for the twelve months, representing 5.2% of revenue[35]. - Adjusted EBITDA for the twelve months was $211,617,000, reflecting a 6.1% margin, with fourth quarter adjusted EBITDA at $57,363,000, also at 6.4% margin[36].

LEBANON, Tenn. , Sept. 17, 2025 /PRNewswire/ --Â Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq:Â CBRL) today reported its financial results for the fourth quarter of fiscal 2025 ended August 1, 2025. ...

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Market Overview - U.S. equity markets are showing mixed performance as investors await the Federal Reserve's interest rate decision, with expectations for the first rate cut of the year [1][5] - The Dow Jones Industrial Average (DJIA) is up approximately 0.5% to 0.7%, nearing 46,000 points, indicating strength in blue-chip stocks [2] - The S&P 500 (SPX) is slightly down by about 0.1% to 0.2%, hovering around 6,600 points, following a record high of 6,624 points [3] - The Nasdaq Composite (IXIC) is under pressure, declining between 0.4% and 0.6%, primarily due to negative news affecting semiconductor companies [4] Economic Indicators - Retail sales for August increased by 0.6%, exceeding expectations of 0.3%, while housing starts fell by 8.5% month-over-month, indicating mixed economic signals [6] Corporate Earnings - General Mills (GIS) reported fiscal Q1 results that beat analyst expectations, while Manchester United (MANU) also released earnings today [7] - Upcoming earnings reports include Cracker Barrel Old Country Store (CBRL) and Sangoma Technologies (SANG) [7] Major Stock Movements - Nvidia (NVDA) shares are down approximately 2% to 3% due to reports of a halt in AI chip purchases by Chinese tech companies [9] - Other tech stocks like Broadcom (AVGO) and Palantir Technologies (PLTR) are also experiencing declines of 4% and 3.5% respectively [10] - Eli Lilly (LLY) was downgraded to a "hold" rating, while Kroger (KR) received an upgrade to "buy" [11] - Workday (WDAY) shares surged nearly 7% to 7.5% after Elliott Investment Management disclosed a significant stake [12] - StubHub (STUB) debuted on the NYSE at $23.50 per share but was trading down around 4% in the afternoon [13] - Among major tech stocks, Apple (AAPL) is down 5% year-to-date, while Amazon (AMZN) has a year-to-date gain of 6.28% despite recent declines [14] - Oracle (ORCL) shares gained 1.5% on news of its involvement in a consortium for TikTok, while Chipotle Mexican Grill (CMG) shares rose by 1.9% due to a share buyback announcement [15] - ADTRAN Holdings (ADTN) plummeted 15.1% after a convertible notes offering, and Dave & Buster's Entertainment (PLAY) fell 16.7% following disappointing earnings [15] - Lyft (LYFT) shares jumped 14.3% after announcing a partnership with Waymo for autonomous ride-hailing [15]

Market Overview - The S&P 500 Index is down -0.17%, while the Dow Jones Industrials Index is up +0.77%, and the Nasdaq 100 Index is down -0.80% [1] - Weakness in chipmakers, particularly Nvidia, which is down more than -2%, is impacting the broader market due to regulatory actions from China's Cyberspace Administration [2][11] - The overall market is negatively affected by the decline in major technology stocks, with Amazon, Tesla, and Meta Platforms all down more than -1% [12] Economic Indicators - US housing news showed weaker-than-expected results, with August housing starts falling -8.5% month-over-month to 1.307 million, below expectations of 1.365 million [3] - Building permits also fell unexpectedly by -3.7% month-over-month to a 5.25-year low of 1.312 million, against expectations of an increase [3] - MBA mortgage applications rose +29.7% in the week ended September 12, with refinancing applications up +57.7% [4] Federal Reserve Actions - The Federal Reserve approved a quarter-percentage-point rate cut and indicated two additional cuts are expected before the end of the year due to concerns over the labor market [1][5] - The market anticipates a total of about 70 basis points in rate cuts by year-end, with a focus on the Fed's new economic forecasts [5] Company-Specific Developments - Uber Technologies is down more than -4% following insider selling by CEO Khosrowshahi, who sold $28.6 million in shares [13] - Manchester United reported a Q4 loss and cut its 2026 revenue outlook, leading to a decline of more than -6% in its stock [12] - Roivant Sciences is up more than +12% after its drug met primary endpoints in a Phase 3 trial [14] - Workday is up more than +8% after an upgrade from Guggenheim Securities [14] - Walmart is up more than +2% following a price target increase from Bank of America [15]