Cracker Barrel(US:CBRL) Benzinga·2026-03-05 07:40Core Insights - Cracker Barrel Old Country Store Inc. experienced an 8.02% increase in after-hours trading, reaching $33.08 following the release of its fiscal second-quarter 2026 results [1] Financial Performance - Total revenue for the second quarter was $874.8 million, a decline of 7.9% year-over-year, slightly below the analyst estimate of $876.94 million [2] - Comparable restaurant store sales decreased by 7.1%, while comparable retail store sales fell by 9.2% [2] - Net income under generally accepted accounting principles was $1.3 million, down from $22.2 million a year ago [3] - Adjusted EBITDA for the quarter was $38.2 million, down from $74.6 million in the prior-year quarter [3] - Adjusted earnings per share were $0.25, surpassing the analyst estimate of -$0.22, compared to $1.38 in the same quarter last year [3] Previous Quarter Comparison - In the first quarter, Cracker Barrel reported revenue of $797.19 million, a 5.7% decrease from the previous year, and an adjusted loss of 74 cents per share, which was wider than the estimated loss of 68 cents [4] Updated Guidance - The company narrowed its full-year adjusted EBITDA outlook to a range of $85 million to $100 million, down from $70 million to $110 million [5] - Commodity inflation guidance was revised to 2.0%–2.5%, reduced from the previous range of 2.5%–3.5% [5] - Capital expenditures guidance was also narrowed to $105 million–$115 million [5] - A quarterly dividend of $0.25 was declared, payable on May 13 to shareholders of record as of April 10 [5] Market Position - CEO Julie Masino stated that the company is "well-positioned to regain prior momentum" [6] - Cracker Barrel has a market capitalization of $681.91 million, with a 52-week high of $71.93 and a low of $24.85 [6] - The stock has decreased by 24% over the past 12 months and is currently trading near the lower end of its 52-week range, approximately 12.3% above its 52-week low [6][7] - The stock closed at $30.62, down 0.29% [6]