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.
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.