Overview
- Cracker Barrel reported adjusted earnings per share of $0.99 for fiscal Q4, a wide beat that sent the stock up about 8% after the results were released on Wednesday.
- Total revenue fell 2.2% to $849.3 million while restaurant comparable sales declined 2.1% and retail comparable sales rose 0.7%, showing uneven recovery between dining and in-store retail.
- Adjusted EBITDA rose to $62.1 million and included a roughly $9.1 million tariff-refund benefit, and the company used proceeds from the sale of Maple Street Biscuit Company plus a 26-location sale-leaseback that generated about $77 million to cut debt.
- Total outstanding debt fell to $337.2 million after retiring $150 million of convertible debt, and management guided fiscal 2027 to $3.325 billion–$3.4 billion in revenue, 3%–5% comparable-restaurant sales growth, $180 million–$200 million adjusted EBITDA, no new store openings, and up to $125 million in capital spending.
- Investors will watch whether improved metrics hold once one-time items drop out because sustained gains depend on higher traffic, steady consumer spending, and control of food and hourly wage inflation under Deno’s turnaround plan.