Cracker Barrel Q4 revenue beats estimates; co announces $100 mln share buyback

Overview

• Cracker Barrel Old Country Store Inc Q4 revenue $868 mln beats analyst expectations, per LSEG data

• The Southern-themed restaurant chain's adjusted EPS for fiscal Q4 misses estimates, per LSEG data

• Adjusted EBITDA of $55.7 mln beats estimates, driven by strategic pricing

• Company announces new $100 mln share repurchase program

Outlook

• Cracker Barrel forecasts fiscal 2026 revenue of $3.35 bln to $3.45 bln

• Company expects fiscal 2026 adjusted EBITDA of $150 mln to $190 mln

• Cracker Barrel anticipates 4% to 7% decline in store traffic

• Company projects 2.5% to 3.5% commodity inflation in fiscal 2026

Result Drivers

• STRATEGIC PRICING - Higher sales driven by strategic pricing increases and favorable menu mix

• LABOR PRODUCTIVITY - Improved labor productivity contributed to lower labor expenses

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the restaurants & bars peer group is "buy."

• Wall Street's median 12-month price target for Cracker Barrel Old Country Store Inc is $55.00, about 6.9% above its September 16 closing price of $51.21

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn4xKQ16a