Cracker Barrel Misses Earnings And Provides Weak Outlook

Financial Performance - Cracker Barrel reported mixed fourth-quarter results, with revenue of $868 million exceeding expectations of $853.96 million, while adjusted earnings per share (EPS) of $0.74 fell short of the $0.76 estimate [1] - Adjusted EBITDA declined 2.9% year-over-year to $55.7 million, but increased by 8.0% when excluding the impact of the 53rd week in fiscal 2024 [2] - For fiscal 2025, revenue was reported at $3.48 billion, a 0.4% increase year-over-year, while adjusted EPS decreased from $3.52 to $3.16 [2] Future Guidance - The company projected fiscal 2026 revenue between $3.35 billion and $3.45 billion, which is below the expected $3.52 billion [2] - Forecasts indicate a decline in same-store traffic of 4% to 7% for fiscal 2026 [2] Sales Performance - Comparable store restaurant sales grew by 5.4% year-over-year, while retail sales experienced a slight decline of 0.8% [1]