Cracker Barrel Raises Fiscal 2026 Guidance, Expects to Beat Revenue and EBITDA Targets
CBRL has more than doubled off its 52-week low of $24.85.
Summary
Cracker Barrel now expects to achieve or exceed the high end of its fiscal 2026 revenue range and beat its adjusted EBITDA outlook, a material upward revision from prior guidance. The raised outlook follows a strong Q3 beat in early June, a recent sale-leaseback deal that unlocked real estate value, and the divestiture of Maple Street Biscuit. Through 11 weeks of the fourth quarter, comparable store retail sales are up approximately 0.5% from the same period last year. The company has filed 8-Ks related to Regulation FD and other events. With the stock at $58 and a market cap near $1.2B, the guidance raise could drive meaningful estimate revisions and price action.
At the time of this announcement, CBRL was trading at $58.12 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $24.85 to $71.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.