Cracker Barrel's third quarter demonstrated positive momentum with continued sales growth and successful brand initiatives. However, challenges such as declining retail sales and tariff impacts pose concerns. Despite these challenges, the company remains optimistic about its transformation plan and operational improvements.

Company Guidance

During the Cracker Barrel Old Country Store's Fiscal 2025 Third Quarter Conference Call, several key metrics and guidance were discussed. The company reported a total revenue of $821.1 million, an increase of 0.5% from the prior year, with restaurant revenue growing by 1.2% and retail revenue decreasing by 2.7%. Comparable store restaurant sales rose by 1%, while retail sales dropped by 3.8%. Pricing for the quarter was about 4.9%, contributing to a 6.6% increase in the average check. Adjusted EBITDA for the quarter stood at $48.1 million or 5.9% of total revenue. The company is optimistic about the fourth quarter, driven by the successful Campfire promotion, and has increased its full-year adjusted EBITDA guidance to $215 million-$225 million. The impact of tariffs is expected to affect the fourth quarter EBITDA by approximately $5 million, with mitigation strategies in place, including vendor negotiations and alternate sourcing. The company is also focused on improving labor productivity, with hourly turnover improving by 14 percentage points and internal net sentiment scores increasing by 2.3%.

Positive Comparable Store Sales

Cracker Barrel achieved positive comparable store restaurant sales for the fourth consecutive quarter. This underscores the effectiveness of their transformation plan.

Adjusted EBITDA Exceeds Expectations

The company reported adjusted EBITDA of $48.1 million, which exceeded expectations and was consistent with the prior year's performance.

Successful Brand and Marketing Initiatives

Cracker Barrel launched successful brand initiatives, such as the NASCAR partnership and the return of Campfire Meals, which have resonated well with customers.

Loyalty Program Growth

Cracker Barrel Rewards achieved its fiscal 2025 target of 8 million members, with over one-third of tracked sales associated with loyalty members.

Operational Improvements

The company reported a 14 percentage point improvement in hourly turnover and a 2.3% increase in internal net sentiment scores.

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
Sep 23, 2025	2025 (Q4)	0.77 / -	0.98	―	―	―
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)	―
Jun 06, 2023	2023 (Q3)	1.34 / 1.21	1.188	1.85% (+0.02)	―

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
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%
Sep 19, 2024	$40.75	$40.31	-1.08%

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.