The earnings call revealed a mixed performance with strong revenue and loyalty program growth, but significant challenges were noted with a decline in traffic following a brand logo change and increased costs impacting margins. Strategic initiatives like pricing and loyalty program expansion show promise, but immediate challenges need addressing.

Company Guidance

In the Cracker Barrel Fourth Quarter Fiscal 2025 Conference Call, several key metrics were highlighted to provide insight into the company's performance and future outlook. The company reported total revenue of $868 million for Q4, with restaurant revenue at $718.2 million and retail revenue at $149.8 million. Adjusted EBITDA for the quarter was $55.7 million, marking an 8% increase when excluding the impact of the 53rd week from the prior year. Comparable store restaurant sales grew by 5.4%, continuing a trend of five consecutive quarters of positive growth. Pricing for the quarter was up 5.4%, with off-premise sales accounting for 18.1% of restaurant sales. The company also announced a new $100 million share repurchase program and declared a quarterly dividend of $0.25 per share. Looking ahead to fiscal 2026, Cracker Barrel anticipates total revenue between $3.35 billion to $3.45 billion, with expected annual traffic declines of 4% to 7% and pricing increases of 4% to 5%. The company also plans to open two new Cracker Barrel stores and close 14 Maple Street units, with capital expenditures estimated at $135 million to $150 million.

Revenue Growth

Adjusting for the impact of the 53rd week in the prior year, revenue grew by 2.2%, with comparable store restaurant sales growth of 3.5% and adjusted EBITDA growth of 9% for the full year.

Q4 Revenue Performance

For Q4, total revenue was $868 million, a 4.4% increase excluding the 53rd week benefit, with comparable store restaurant sales growing by 5.4%.

Strategic Pricing Success

Pricing for Q4 was 5.4%, with favorable menu mix contributing an additional 1%.

Loyalty Program Growth

The Cracker Barrel Rewards program increased by 3 million members to over 9 million members, accounting for over 35% of tracked sales.

Cost Management

Labor and related expenses improved by 100 basis points to 36.5% of revenue, driven by menu pricing and improved productivity.

Cracker Barrel (CBRL) Earnings, Revenues Date & History

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CBRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 04, 2025	2026 (Q1)	-0.65 / -	0.45	―	―	―
Sep 17, 2025	2025 (Q4)	0.77 / 0.74	0.98	-24.49% (-0.24)	―
Jun 05, 2025	2025 (Q3)	0.21 / 0.58	0.88	-34.09% (-0.30)	―
Mar 06, 2025	2025 (Q2)	1.08 / 1.38	1.37	0.73% (<+0.01)	―
Dec 04, 2024	2025 (Q1)	0.37 / 0.45	0.51	-11.76% (-0.06)	―
Sep 19, 2024	2024 (Q4)	1.10 / 0.98	1.79	-45.25% (-0.81)	―
May 30, 2024	2024 (Q3)	0.66 / 0.88	1.21	-27.27% (-0.33)	―
Feb 27, 2024	2024 (Q2)	1.36 / 1.37	1.48	-7.43% (-0.11)	―
Nov 30, 2023	2024 (Q1)	0.74 / 0.51	0.99	-48.48% (-0.48)	―
Sep 13, 2023	2023 (Q4)	1.61 / 1.79	1.57	14.01% (+0.22)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CBRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 17, 2025	$49.59	$45.80	-7.64%
Jun 05, 2025	$57.55	$53.43	-7.16%
Mar 06, 2025	$39.88	$42.90	+7.57%
Dec 04, 2024	$54.90	$53.93	-1.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.