Overview
- The company disclosed the Maple Street closures in its Sept. 17 earnings materials, with the reductions scheduled for fiscal 2026 and no site list released.
- Two Maple Street restaurants had already closed in the fourth quarter, and the downsizing will leave just over 50 locations in operation.
- Cracker Barrel reversed its logo change to the “Old Timer” mark and paused remodels, redirecting capital toward kitchens, menus and guest experience.
- Store traffic has fallen about 8% since Aug. 19, and management projects a further 7% to 8% decline for the first quarter of fiscal 2026.
- The company recorded a $16.2 million non-cash impairment primarily tied to low-performing Maple Street stores and now forecasts fiscal 2026 revenue of $3.35 billion to $3.45 billion.