Cracker Barrel Announces Strategic Actions
CBRL•Strategic actions and store closures
July 20 (Reuters) - Cracker Barrel Old Country Store Inc CBRL.O:
- Cracker Barrel announces strategic actions
- Cracker Barrel - to close remaining 16 Maple Street Biscuit Company locations
- Cracker Barrel - expects non-cash charges of $37 million-$39 million in Q4 FY2026 from divestiture
- Cracker Barrel - divestiture expected to be accretive to adjusted EBITDA beginning in FY2027
Fiscal 2026 outlook and recent sales trends
- Cracker Barrel: now expects to achieve or exceed the high end of its revenue range and exceed its adjusted EBITDA outlook for fiscal 2026
- Cracker Barrel - in first 11 weeks of co's Q4 2026, comparable store restaurant sales down 2.5%, comparable store retail sales up 0.5% year over year
