U.S. Movers: Cracker Barrel, Designer Brands, Vail Resorts

Scott Peters
10 Jun, 2026
New York City

Vail Resorts decreased 3.4% to $131.99 after the luxury ski resort operator lowered its annual adjusted operating earnings outlook. 

Vail Resorts lowered its annual estimate to between $739 million and $761 million compared to the previous estimate between $745 million and $775 million.

The company blamed challenging weather conditions for the reduced demand at its resorts in the western U.S. that persisted in the third quarter.

Revenue in the fiscal third quarter ending in April decreased to $1.20 billion from $1.3 billion, net income dropped to $340 million from $411.3 million, and diluted earnings per share fell to $8.81 from $10.46 a year ago.

Designer Brands decreased 1.1% to $8.81 after the shoe retailer reported its financial results for the fiscal first quarter ending on May 2. 

Consolidated net sales increased 1.4% to $696.4 million from $686.9 million, net income attributable to shareholders swung to a profit of $1.2 million from a loss of $17.8 million, and diluted earnings per share were 2 cents compared to a loss of 37 cents a year ago. 

Total comparable sales decreased 1.1%, better than a 7.8% decrease in the period a year ago, as the retail store network continued to struggle in attracting customers. 

The retailer estimated full-year fiscal 2026 revenue to increase by plus or minus 1% and diluted earnings per share to range between 28 cents and 38 cents. 

Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook. 

Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago. 

The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation. 

Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively. 

The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17. 

The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion. 

The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million. 

However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.