Overview
- Fiscal first-quarter revenue fell 5.7% to $797.2 million, coming in slightly below analyst expectations.
- Comparable restaurant sales declined 4.7% year over year, while retail shop sales dropped 8.5%.
- Cracker Barrel reported a net loss of $24.6 million for the quarter.
- The company reduced its fiscal 2026 revenue forecast to a range of $3.2 billion to $3.3 billion from $3.35 billion to $3.45 billion.
- Shares dropped more than 10% after hours following the results; earlier Tuesday the stock had risen about 5% as Wall Street anticipated a quarterly loss and some firms trimmed price targets.