Cracker Barrel Old Country Store, Inc. (CBRL) Earnings Call Transcripts
Cracker Barrel Old Country Store, Inc.'s Latest Earnings Call - Q3 FY2026
In the third quarter of fiscal 2026, Cracker Barrel Old Country Store, Inc. reported revenue of $797 million and adjusted EBITDA of $40 million, both exceeding expectations. The company raised its full-year revenue guidance to a range of $3.27 billion to $3.3 billion, reflecting a $30 million increase, and adjusted EBITDA guidance to between $120 million and $125 million, indicating strong operational performance and cost management. Despite a decline in comparable store sales, management highlighted improvements in guest metrics and a strategic focus on enhancing value and menu offerings.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $797 million (beat) |
| Adjusted EBITDA | $40 million (beat) |
| GAAP EPS | $1.90 (beat) |
| Comparable Store Restaurant Sales | -2.6% (inline) |
| Average Check | $15.85 (beat) |
| Retail Revenue | $139 million (inline) |
Guidance from management
For fiscal 2026, Cracker Barrel anticipates total revenue of $3.27 billion to $3.3 billion and adjusted EBITDA of $120 million to $125 million, reflecting an increase in guidance due to improved operational performance.
What management said
There's no doubt, Jeff. We are operating better in our stores, right? All the metrics that I shared, the consumer-facing metrics in terms of Google Star rating our quality scores, our value scores on food taste scores, the service scores are better. The teams are just really focused. Again, I'm really proud of everybody's hard work and under Doug's leadership, they're very focused on taking care of the guests but a...
Yes. I would just really reinforce that. From an age perspective, again, relatively consistent across the different age cohorts, not a big difference there. In terms of income, as we mentioned, better performance at the higher end of the spectrum and pretty linear performance as income goes down. And this really was the quarter of the core guests kind of bringing back our legacy guests, particular guests that are par...
What analysts pressed on
Analysts expressed concerns regarding the impact of rising gas prices on consumer discretionary spending and the potential headwinds from lower-income consumers. There were also questions about the sustainability of traffic recovery given the challenging comparisons in Q4.
Main topics on the call
- Revenue Growth Acceleration — Cracker Barrel's Q3 revenue reached $797 million, exceeding expectations by approximately $20 million. Management stated, "Q3 results exceeded our expectations," indicating confidence in ongoing operational improvements.
- Adjusted EBITDA Guidance Increase — The company raised its adjusted EBITDA guidance for the fiscal year to between $120 million and $125 million, up from previous estimates. Craig Pommells noted, "We were a little bit higher on our comp store performance,"...
- Improved Guest Metrics — Management reported significant improvements in guest satisfaction metrics, including a 4% increase in Google star ratings and a 5% rise in food taste scores. Julie Masino emphasized, "We are focused on sustaining this m...
- Retail Performance Strength — Retail sales outperformed restaurant sales for the first time in over four years, driven by effective SKU rationalization and merchandising strategies. Masino highlighted, "Retail comps outperformed our restaurant comps ...
Read the full Cracker Barrel Old Country Store, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Cracker Barrel Old Country Store, Inc.
Cracker Barrel Old Country Store, Inc. (CBRL) is a publicly listed company in the Hotels, Restaurants and Leisure industry, within the Consumer Discretionary sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning February 25, 2020 to June 9, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 Cracker Barrel Old Country Store, Inc. earnings call transcripts on record, spanning February 25, 2020 to June 9, 2026. Based on this history, Cracker Barrel Old Country Store, Inc. reports quarterly. The most recent call on file is dated June 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CBRL
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants and Leisure
- Calls on record
- 29
- First call
- February 25, 2020
- Most recent
- June 9, 2026
- Reporting cadence
- quarterly