Cracker Barrel Q2 Revenue Drops 7.9% as EPS Beats Estimates
Cracker Barrel posted $874.8 million in fiscal Q2 revenue, down 7.9% year-over-year and missing the $895.8 million consensus, while delivering $0.25 adjusted EPS versus a -$0.10 forecast. Restaurant comps fell 7.1% and retail comps 9.2%, and full-year revenue guidance was held at $3.26 billion.
1. Q2 Financial Results
Cracker Barrel reported $874.82 million in Q2 revenue, down 7.9% year-over-year and 2.35% below analyst expectations, while adjusted EPS of $0.25 outpaced the -$0.10 forecast, representing a 343.9% earnings surprise.
2. Comparable-Store Sales
Restaurant same-store sales dropped 7.1% against a 6.5% estimate, and retail comps declined 9.2% versus an 8.4% forecast, highlighting ongoing traffic pressures and weaker merchandise performance.
3. Guidance and Outlook
The company maintained full-year revenue guidance at approximately $3.26 billion and set adjusted EBITDA at $92.5 million, though current operating and cash flow margins remain near multi-year lows.
4. Store Counts and Margins
Total store count fell to 710 units from 726 a year ago, with operating margin shrinking to 0.1% from 3.1% and free cash flow margin declining to 2.8% from 6.3%.