Cracker Barrel Reports Solid Q1 Fiscal 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Should l Buy CBRL?
Source: Business Insider
Q1 Earnings Report: Cracker Barrel Old Country Store reported Q1 fiscal 2025 revenue of $845.1 million, a 2.6% increase from the previous year, with restaurant sales up by 2.9% despite a slight decline in retail sales.
Future Outlook: The company projects total revenue for fiscal 2025 to be between $3.4 billion and $3.5 billion, while planning to open new locations and focus on strategic growth amid potential economic challenges.
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Analyst Views on CBRL
Wall Street analysts forecast CBRL stock price to fall
8 Analyst Rating
1 Buy
4 Hold
3 Sell
Hold
Current: 30.710
Low
20.00
Averages
28.86
High
45.00
Current: 30.710
Low
20.00
Averages
28.86
High
45.00
About CBRL
Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). It operates approximately 660 company-owned Cracker Barrel Old Country Store locations in 43 states and 68 Maple Street Biscuit Company stores in 10 states. The Company’s format of its stores consists of a trademarked rustic old country-store design offering a full-service restaurant menu that features home-style country food and a wide variety of decorative and functional items such as rocking chairs, holiday and seasonal gifts, toys, apparel, cookware and foods. Its breakfast items include juices, eggs, pancakes, meats, grits, and a variety of biscuit specialties, such as gravy and biscuits and country ham and biscuits. Its Lunch and dinner items include fried and grilled chicken, chicken and dumplings, meatloaf, country fried steak, pork chops, fish, country fried shrimp, steak, vegetable plates, sandwiches and salads.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement: Cracker Barrel (CBRL) is set to release its Q2 earnings on March 4th after market close, with consensus EPS estimate at -$0.30 and revenue forecast at $864.35 million, reflecting a 9% year-over-year decline.
- Performance Expectations: Over the past two years, CBRL has only beaten EPS and revenue estimates 50% of the time, indicating volatility in profitability that may affect investor confidence.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with 8 downward adjustments, while revenue estimates also saw no upward revisions and 9 downward changes, highlighting a pessimistic outlook from the market regarding the company's future performance.
- Investor Update: Ahead of its appearance at the ICR Conference, Cracker Barrel provided an investor update, indicating ongoing efforts to attract customers back despite challenges, demonstrating the company's commitment to market recovery.
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- Revenue Decline: Cracker Barrel reported revenue of $874,817 thousand for Q2 2026, an 8% decrease from $949,439 thousand in the same period last year, indicating significant pressure in market competition that could undermine investor confidence moving forward.
- Net Income Plummets: The GAAP net income fell to $1,282 thousand, a staggering 94% drop from $22,207 thousand year-over-year, reflecting challenges in cost control and market demand that may erode shareholder trust in management.
- Adjusted Earnings Drop: Adjusted net income stood at $5,580 thousand, down 82% from $30,921 thousand in the previous year, highlighting substantial difficulties in operational efficiency and profitability that could impact future financing capabilities.
- Uncertain Outlook: While the company maintains an optimistic outlook for fiscal 2026, the inability to accurately predict future financial performance may raise investor concerns, affecting stock price stability.
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- Earnings Performance: Cracker Barrel reported a Q2 non-GAAP EPS of $0.25, beating expectations by $0.55, indicating some resilience in profitability despite broader challenges.
- Revenue Decline: The revenue of $874.8 million, down 7.9% year-over-year, still exceeded market expectations by $10.45 million, suggesting the company has maintained some market share amid adversity.
- Net Income Comparison: GAAP net income was $1.3 million, a significant drop from $22.2 million in the prior year quarter, reflecting the pressure on profitability and market challenges faced by the company.
- Adjusted EBITDA: Adjusted EBITDA stood at $38.2 million, a notable decline from $74.6 million in the same quarter last year, highlighting challenges in cost control and operational efficiency.
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- Earnings Release Schedule: Cracker Barrel plans to release its fiscal 2026 second quarter financial results after market close on March 4, 2026, with management discussing the results for the quarter ended January 30, 2026, ensuring timely access to key information for investors.
- Live Broadcast and Replay: The quarterly conference call will be available for live streaming to the public on the company's website in the Events and Presentations section, and an online replay will also be provided for investors who cannot attend the live session.
- Company Background: Cracker Barrel Old Country Store, Inc., established in 1969 and headquartered in Lebanon, Tennessee, operates approximately 660 Cracker Barrel locations and owns the fast-casual Maple Street Biscuit Company, demonstrating its extensive footprint in the dining industry.
- Investor Contact Information: The company has provided investor contact details, with Adam Hanan reachable at 615-443-9887 and media contact Heidi Pearce at 615-235-4135, ensuring smooth access to relevant information for investors and media alike.
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- Earnings Momentum Assessment: As the earnings season approaches, analysis reveals that several mid to low cap consumer stocks exhibit weak earnings momentum, with American Public Education (APEI) receiving an F grade for EPS revisions, indicating significant downward pressure on analyst expectations for future earnings.
- Poor Industry Performance: Cracker Barrel Old Country Store (CBRL) and Caesars Entertainment (CZR) also received F ratings, suggesting these companies are under earnings pressure, which could negatively impact their stock performance and investor confidence.
- Market Trend Analysis: Fox Factory Holding (FOXF) and Six Flags Entertainment (FUN) also received F ratings for EPS revisions, indicating overall weak earnings momentum in the consumer sector, potentially prompting investors to reassess their portfolios.
- ETF Impact: Several consumer discretionary ETFs, such as XLY and VCR, are also affected due to the inclusion of multiple stocks with weak earnings momentum, which may influence overall market performance.
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- Congressional Trading Performance: According to Quiver Quantitative, Tim Moore topped the list of congressional traders in 2025 with a 52% gain, showcasing successful investment strategies in small caps and Cracker Barrel stock, which may attract more investor attention to his future trades.
- Pelosi's Earnings Situation: Despite Nancy Pelosi achieving an 18% gain in 2025, she failed to make the top ten, reflecting her underperformance relative to the market average, which could impact her reputation among investors.
- Transparency Issues in Trading: As members of Congress remain active in trading stocks, options, and cryptocurrencies, public scrutiny over their trading transparency is increasing, especially with high-profile figures like Greene and Pelosi no longer required to disclose their investments, potentially sparking greater controversy.
- Market Trend Observation: In 2025, the SPDR S&P 500 ETF Trust rose by 16.6%, while congressional members generally outperformed the market, indicating their advantages in investment decisions and possibly prompting calls for stricter trading regulations for legislators.
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