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Oct 31, 2025
Cracker Barrel Q1 2026 Earnings Report
Cracker Barrel reported a decline in revenue and a net loss in Q1 2026 amid operational challenges.
Key Takeaways
Cracker Barrel posted a net loss of $24.6 million for Q1 2026 as revenue fell year-over-year. Both restaurant and retail segments saw sales declines, leading to a sharp drop in adjusted EBITDA.
Total revenue declined to $797,188,000 from $845,089,000 last year.
Net loss was $24,622,000, down from a profit of $4,844,000 a year ago.
Comparable restaurant and retail sales decreased 4.7% and 8.5%, respectively.
Adjusted EBITDA fell significantly to $7,193,000 from $45,806,000.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cracker Barrel lowered its full-year outlook citing soft performance, but expects cost-saving initiatives to support future results.
Positive Outlook
- Expecting $20–25 million in annualized G&A savings from restructuring
- Advertising expense reductions of $12–16 million planned
- Stable commodity inflation outlook (2.5%–3.5%)
- Hourly wage inflation unchanged at 3.0%–4.0%
- Plan to open 2 new Cracker Barrel stores
Challenges Ahead
- Lowered revenue outlook to $3.2–3.3 billion (from $3.35–3.45 billion)
- Reduced adjusted EBITDA guidance to $70–110 million (from $150–190 million)
- Weaker performance in both restaurant and retail segments
- Ongoing operational headwinds impacting results
Historical Earnings Impact
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Avg. Return Before/After Earnings
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