Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Earnings Results, Beats Expectations By $0.74 EPS

Posted by Francis Steltz on Jun 10th, 2026

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) issued its quarterly earnings data on Tuesday. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74, FiscalAI reports. The firm had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share.

Here are the key takeaways from Cracker Barrel Old Country Store’s conference call:

Cracker Barrel reported a better-than-expected Q3, with sales of $797 million and adjusted EBITDA of $40 million, helped by stronger traffic, higher checks, and tight cost control.
Guest experience metrics improved for a third straight quarter, including the highest Google star rating since 2018, better food taste/service scores, and lower managerial turnover, which management says should support traffic recovery over time.
Management said the menu strategy is working, highlighting the return of favorites, new offerings, and value-oriented pricing; loyalty membership is now nearly 12 million and tracked sales remain above 40%.
Retail outperformed restaurant comps for the first time in over four years, driven by SKU rationalization, better markdowns, improved merchandising, and strong product response in toys, collectibles, and American Heritage items.
The company raised full-year adjusted EBITDA guidance to $120 million-$125 million and said cash generation was helped by cost savings, lower advertising spend, and a $47.4 million litigation settlement, while liquidity remains ample.

Cracker Barrel Old Country Store Stock Up 6.1%

CBRL stock opened at $36.30 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $71.93. The company has a 50-day moving average of $30.80 and a two-hundred day moving average of $29.89. The stock has a market capitalization of $811.31 million, a price-to-earnings ratio of -201.66 and a beta of 1.30.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the third quarter valued at about $26,000. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store during the second quarter valued at about $37,000. Newbridge Financial Services Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 35.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,408 shares of the restaurant operator’s stock valued at $106,000 after acquiring an additional 633 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Cracker Barrel Old Country Store by 331.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,973 shares of the restaurant operator’s stock valued at $182,000 after acquiring an additional 2,284 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at about $213,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store News Roundup

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

Positive Sentiment: Cracker Barrel posted adjusted Q3 earnings of $0.29 per share versus expectations for a loss, and revenue of $797.4 million topped estimates, helping fuel buying in the stock. Cracker Barrel reports third quarter fiscal 2026 results and updates fiscal 2026 outlook
Positive Sentiment: The company raised its fiscal 2026 outlook, including higher revenue and adjusted EBITDA guidance, which suggests management sees better-than-expected momentum ahead. Cracker Barrel reports third quarter fiscal 2026 results and updates fiscal 2026 outlook
Neutral Sentiment: Commentary around the earnings call and media coverage noted that the turnaround is progressing, but the improvement may still be fragile and dependent on execution. Cracker Barrel Earnings Call Balances Progress and Risks
Negative Sentiment: Despite the earnings beat, core operating trends remain weak: revenue was still down year over year, operating income fell sharply, and some analysis said the results were helped by a one-time litigation gain rather than a full operational recovery. Cracker Barrel: A Rally Without A Recovery

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of recent research reports. Freedom Capital upgraded shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, March 5th. UBS Group upped their price objective on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $31.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday, June 5th. Finally, Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $36.00.

View Our Latest Stock Analysis on Cracker Barrel Old Country Store

Cracker Barrel Old Country Store Company Profile

(Get Free Report)

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

Earnings History for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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