Breaking News
Sep 18, 2025
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Cracker Barrel Old Country Store, Inc., dropped 9.3% to $44.99 after the restaurant and retail chain reported a 62% drop in quarterly profit in the fourth quarter ending on August 1, 2025.
Consolidated revenue decreased to $868 million from $894 million, net income dropped to $6.8 million from $18.1 million, and diluted earnings per share fell to 30 cents from 81 cents a year ago.
The company's board declared a quarterly dividend of $0.25 per share, payable on November 12 to shareholders on record on October 17.
The company also announced a new $100 million share repurchase program.
Cracker Barrel guided full-year revenue to be between $3.35 billion and $3.45 billion, which assumes a comparable store traffic decline of 4% to 7%.
The company estimated adjusted operating income between $150 million and $190 million and anticipated commodity inflation of 2.5% to 3.5% and hourly wage inflation of 3.0% to 4.0%.
The restaurant company projected capital spending to range between $135 million and $150 million, primarily for maintenance, with no planned spending on new remodels.
The company also plans to open 2 new Cracker Barrel locations and close 14 Maple Street units.
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