Cracker Barrel Reports Decline in Q2 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy CBRL?
Source: NASDAQ.COM
- Significant Profit Decline: Cracker Barrel's Q2 net income plummeted to $1.28 million, or $0.06 per share, compared to $22.20 million and $0.99 per share last year, indicating a substantial weakening in profitability.
- Adjusted Earnings Resilience: Excluding special items, adjusted net income stood at $5.58 million, or $0.25 per share, demonstrating some resilience amidst adversity despite the overall decline.
- Revenue Continues to Fall: The company's Q2 revenue reached $874.81 million, down 7.9% year-over-year, reflecting weak consumer demand and intensified market competition negatively impacting performance.
- Uncertain Market Outlook: With both profits and revenues declining, Cracker Barrel faces uncertainty in future growth, potentially necessitating more aggressive strategies to restore market confidence.
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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.
Cracker Barrel Reports Missed Earnings, Shares Surge Post-Results
- Earnings Performance: Cracker Barrel reported $874.8 million in revenue for Q2, an 8% decline year-over-year, yet it slightly outperformed the expected $864.35 million, indicating resilience amid challenging conditions.
- Profitability Shift: Adjusted earnings per share were $0.25, significantly down from $1.38 a year ago, but better than the anticipated loss of $0.30 per share, suggesting effective cost control measures.
- Sales Forecast Adjustment: The company revised its FY26 revenue outlook to between $3.24 billion and $3.27 billion, with a new midpoint of $3.255 billion slightly above market expectations, reflecting cautious optimism from management regarding future sales.
- Investment Plans: Cracker Barrel plans to invest between $105 million and $115 million in FY26, lower than the previous forecast of $110 million to $125 million, demonstrating a prudent approach to capital expenditures.
See More
Cracker Barrel Reports Decline in Q2 Earnings
- Significant Profit Decline: Cracker Barrel's Q2 net income plummeted to $1.28 million, or $0.06 per share, compared to $22.20 million and $0.99 per share last year, indicating a substantial weakening in profitability.
- Adjusted Earnings Resilience: Excluding special items, adjusted net income stood at $5.58 million, or $0.25 per share, demonstrating some resilience amidst adversity despite the overall decline.
- Revenue Continues to Fall: The company's Q2 revenue reached $874.81 million, down 7.9% year-over-year, reflecting weak consumer demand and intensified market competition negatively impacting performance.
- Uncertain Market Outlook: With both profits and revenues declining, Cracker Barrel faces uncertainty in future growth, potentially necessitating more aggressive strategies to restore market confidence.
See More
Cracker Barrel Reports Significant Decline in Q2 Financial Results
- 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.
See More
Cracker Barrel Q2 Earnings Beat Expectations
- 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.
See More
Cracker Barrel Set to Announce Q2 Earnings on March 4th
- 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.
See More
Cracker Barrel to Release Q2 Fiscal 2026 Financial Results
- 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.
See More
Cracker Barrel Reports Missed Earnings, Shares Surge Post-Results
- Earnings Performance: Cracker Barrel reported $874.8 million in revenue for Q2, an 8% decline year-over-year, yet it slightly outperformed the expected $864.35 million, indicating resilience amid challenging conditions.
- Profitability Shift: Adjusted earnings per share were $0.25, significantly down from $1.38 a year ago, but better than the anticipated loss of $0.30 per share, suggesting effective cost control measures.
- Sales Forecast Adjustment: The company revised its FY26 revenue outlook to between $3.24 billion and $3.27 billion, with a new midpoint of $3.255 billion slightly above market expectations, reflecting cautious optimism from management regarding future sales.
- Investment Plans: Cracker Barrel plans to invest between $105 million and $115 million in FY26, lower than the previous forecast of $110 million to $125 million, demonstrating a prudent approach to capital expenditures.
See More
Cracker Barrel Reports Decline in Q2 Earnings
- Significant Profit Decline: Cracker Barrel's Q2 net income plummeted to $1.28 million, or $0.06 per share, compared to $22.20 million and $0.99 per share last year, indicating a substantial weakening in profitability.
- Adjusted Earnings Resilience: Excluding special items, adjusted net income stood at $5.58 million, or $0.25 per share, demonstrating some resilience amidst adversity despite the overall decline.
- Revenue Continues to Fall: The company's Q2 revenue reached $874.81 million, down 7.9% year-over-year, reflecting weak consumer demand and intensified market competition negatively impacting performance.
- Uncertain Market Outlook: With both profits and revenues declining, Cracker Barrel faces uncertainty in future growth, potentially necessitating more aggressive strategies to restore market confidence.
See More
Cracker Barrel Reports Significant Decline in Q2 Financial Results
- 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.
See More
Cracker Barrel Q2 Earnings Beat Expectations
- 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.
See More
Cracker Barrel Set to Announce Q2 Earnings on March 4th
- 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.
See More
Cracker Barrel to Release Q2 Fiscal 2026 Financial Results
- 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.
See More
