Cracker Barrel Old Country Store (CBRL)
NASDAQ:CBRL
Earnings Data
Report Date
Jun 09, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.46Last Year’s EPS
0.58Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call contains meaningful operational progress and encouraging guest-experience indicators (Google rating at multi-year high, YoY improvements in taste/service/value, loyalty scale >11M, management turnover improving and menu successes). However, these positives sit alongside material near-term financial headwinds: comparable sales and traffic down double digits in the quarter, adjusted EBITDA nearly halved YoY, weaker retail performance and margin pressure from higher COGS, labor and discounts. Management is taking cost actions (G&A savings, lower advertising, reduced capex) and the balance sheet is strong, but the current financial trends outweigh the early recovery signals.Company Guidance
Total Sales and Adjusted EBITDA Reported
Q2 total sales of $874.8 million and adjusted EBITDA of $38.2 million (4.4% of revenue).
Strong Guest Experience Improvements
Google star rating of 4.28 in Q2 (highest quarterly score since Q2 FY20); food taste, service and value scores each increased ~4%–5% YoY in Q2; brand sentiment improved 2% Q2 vs Q1.
Loyalty Program Scale and Performance
Cracker Barrel Rewards exceeds 11 million members and accounts for over 40% of tracked sales; loyalty members' traffic has held up better than nonmembers since August.
Menu Innovation and Guest Resonance
Reintroduced fan favorites (Country Fried Turkey sold out, hamburger steak & eggs, sugar-cured and country ham dinners) and launched new items (breakfast burger, Garden & Farmhouse Scrambles, Smoky Southern Salmon); breakfast burger and carrot cake outperformed expectations.
Operational & People Metrics Improving
Leadership changes yielding improved operations; management turnover improved 10% YoY in Q2; improvements in hourly and manager turnover trends noted.
Cost Savings and G&A Progress
Corporate restructuring underway with anticipated annualized G&A savings of $20M–$25M; adjusted G&A improved ~60 bps YoY to 4.9% of revenue (excludes proxy and restructuring charges).
Balance Sheet and Liquidity Strength
Ended quarter with $531.5 million in debt and a consolidated senior debt to adjusted EBITDA leverage ratio of 0.3 (well below covenant of 3.0); net interest expense declined to $4 million from $5 million YoY.
Near-Term Cash Benefit and Lowered Capex
Expect a Q3 net cash benefit of approximately $46 million from litigation settlements (affects credit-agreement EBITDA calculation but expected to be excluded from reported adjusted EBITDA); FY capex guidance reduced to $105M–$115M.
CBRL Earnings History
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 |
|---|---|---|---|
Mar 04, 2026 | $30.62 | $31.07 | +1.47% |
Dec 09, 2025 | $26.82 | $27.76 | +3.52% |
Sep 17, 2025 | $48.95 | $45.20 | -7.64% |
Jun 05, 2025 | $56.80 | $52.73 | -7.17% |
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.
FAQ
When does Cracker Barrel Old Country Store (CBRL) report earnings?
Cracker Barrel Old Country Store (CBRL) is schdueled to report earning on Jun 09, 2026, Before Open (Confirmed).
What is Cracker Barrel Old Country Store (CBRL) earnings time?
Cracker Barrel Old Country Store (CBRL) earnings time is at Jun 09, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBRL EPS forecast?
CBRL EPS forecast for the fiscal quarter 2026 (Q3) is -0.46.
