Cracker Barrel Reports Steep Q2 Profit Decline, Lowers Revenue Outlook Amid Weak Sales
CBRL sits 32% above its 52-week low of $24.85.
Summary
Cracker Barrel reported a substantial decline in Q2 fiscal 2026 earnings and revenue, with GAAP net income down 94% and adjusted EPS down 82% year-over-year, leading to a lowered full-year revenue outlook.
Key Events · Earnings and Guidance · CBRL
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Q2 Profit Plummets
GAAP net income fell 94% to $1.3 million, and adjusted diluted EPS dropped 82% to $0.25 for the second quarter of fiscal 2026, compared to the prior year.
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Revenue Declines Across Segments
Total revenue decreased 7.9% to $874.8 million. Comparable store restaurant sales were down 7.1%, and comparable store retail sales decreased 9.2% year-over-year.
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Full-Year Revenue Outlook Lowered
The company updated its fiscal 2026 total revenue guidance to $3.24 billion to $3.27 billion, a slight reduction from the previous midpoint of $3.25 billion.
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Dividend Maintained
The Board of Directors declared a quarterly dividend of $0.25 per share of common stock, payable on May 13, 2026.
Analysis · CBRL · Trade & Services
Cracker Barrel's second-quarter results reveal a significant deterioration in financial performance, with both GAAP and adjusted earnings per share plummeting over 80% year-over-year. The substantial decline in comparable store sales for both restaurant and retail segments indicates ongoing operational challenges. While the company maintained its dividend and expects a one-time cash benefit from litigation, the lowered full-year revenue outlook underscores a difficult operating environment. Investors should monitor future sales trends and the effectiveness of management's operational excellence initiatives.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CBRL was trading at $32.86 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $683.7M. The 52-week trading range was $24.85 to $71.93. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.