Cracker Barrel shares jump 8.3% after quarterly profit beats estimates

  • Cracker Barrel reported fiscal fourth-quarter adjusted earnings of $0.99 per diluted share.
  • Revenue reached $849.3 million, while GAAP net income rose to $12.2 million.
  • Cracker Barrel forecast fiscal 2027 comparable restaurant sales growth of 3% to 5%.

Cracker Barrel shares rose 8.3% to $49.25 after fiscal fourth-quarter adjusted earnings reached $0.99 per diluted share, surpassing the $0.26 analyst consensus. Revenue declined 2.2% to $849.3 million but exceeded expectations, while GAAP net income increased to $12.2 million. Restaurant comparable sales fell 2.1%, retail comparable sales rose 0.7%, and adjusted EBITDA reached $62.1 million, including a roughly $9.1 million benefit from tariff refunds, net of investments. The results were the first under President and Chief Executive Officer David Deno, who took office on Aug. 10 after Julie Masino stepped down. For fiscal 2027, Cracker Barrel projects revenue of $3.325 billion to $3.4 billion, comparable restaurant sales growth of 3% to 5%, adjusted EBITDA of $180 million to $200 million and no new store openings. The company also declared a $0.25 quarterly dividend and reduced total debt to $337.2 million after repaying convertible notes and applying sale-leaseback proceeds.

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Cracker Barrel shares jump 8.3% after quarterly profit beats estimates - CoinPost Terminal