CRACKER BARREL OLD COUNTRY STORE, INC

Listed Company

CBRLCIK 0001067294NasdaqLarge AcceleratedRetail-Eating PlacesTennesseeFY ends Jul 31

Period

FY 2025

Revenue

$3.48B

Net Income

$46.38M

Total Assets

$2.16B

Equity

$461.69M

Shares Out

22.35M

Op. Cash Flow

$218.90M

Business

CRACKER BARREL OLD COUNTRY STORE, INC operates and develops the Cracker Barrel Old Country Store concept and the Maple Street Biscuit Company fast-casual concept. It offers full-service restaurants with home-style country menus, retail gift shops selling branded and seasonal merchandise, and off-premise services including to-go, third‑party delivery, and catering. Its key business segments include Cracker Barrel stores and Maple Street Biscuit Company locations, supported by centralized purchasing, distribution and technology systems. The company serves domestic markets across multiple states through company‑owned stores, leased locations, digital channels and third‑party delivery platforms.

Summary from filing dated 2025-09-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Total revenue	3,484	3,471	3,443	3,268	2,821
Cost of goods sold (exclusive of depreciation and rent)	1,081	1,088	1,128	1,050	865
Labor and other related expenses	1,255	1,272	1,209	1,149	983
Other store operating expenses	855	832	798	758	676
General and administrative expenses	218	207	174	157	148
Impairment and store closing costs	20	23	14	0	0
Goodwill impairment	—	5	—	—	—
Operating income	55	45	121	153	367
Gain on extinguishment of debt	−3	—	—	—	—
Interest expense, net	20	21	17	10	56
Income before income taxes	38	24	104	—	—
Provision for income taxes (income tax benefit)	−9	−17	5	12	56
Net income	46	41	99	132	255
Basic (in dollars per share)	2.08	1.84	4.47	5.69	10.74
Diluted (in dollars per share)	2.06	1.83	4.45	5.67	10.71
Basic (in shares)	22	22	22	23	24
Diluted (in shares)	22	22	22	23	24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	40	12	25	45	145
Accounts receivable	35	39	30	32	27
Income taxes receivable	13	10	2	2	21
Inventories	181	181	189	213	138
Prepaid expenses and other current assets	45	36	35	24	22
Total current assets	313	278	282	317	354
Land	252	254	255	255	255
Buildings and improvements	849	824	808	792	776
Restaurant and other equipment	930	896	852	817	783
Leasehold improvements	467	450	438	422	406
Construction in progress	22	16	27	22	14
Property and equipment	2,520	2,439	2,380	2,310	2,234
Less: Accumulated depreciation and amortization	1,553	1,479	1,408	1,340	1,255
Property and equipment - net	967	960	972	970	980
Operating lease right-of-use assets, net	806	851	889	934	974
Intangible assets	24	24	23	21	21
Other assets	51	48	46	49	58
Total assets	2,162	2,161	2,218	2,295	2,392
Accounts payable	170	162	165	170	135
Current portion of long-term debt	149	75,000	75,000	124,000	124,000
Current operating lease liabilities	51	50	46	55	50
Taxes withheld and accrued	43	41	39	60	48
Accrued employee compensation	66	60	65	52	—
Accrued employee benefits	30	28	24	25	24
Deferred revenues	90	87	95	—	—
Dividend payable	6	6	29	30	24
Other current liabilities	21	18	24	17	26
Total current liabilities	626	454	489	502	465
Long-term debt	335	477	415	423	327
Long-term operating lease liabilities	644	676	702	722	748
Other long-term obligations	47	47	54	56	89
Deferred income taxes	49	68	74	80	99
Commitments and Contingencies (Note 14)	—	—	—	—	—
Preferred stock - 100,000,000 shares of $0.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued	—	—	—	0	0
Common stock - 400,000,000 shares of $0.01 par value authorized; 2025 - 22,267,724 shares issued and outstanding; 2024- 22,203,043 shares issued and outstanding	223,000	222,000	221,000	223,000	235,000
Additional paid-in capital	11	13	4	0	0
Retained earnings	451	427	480	511	663
Total shareholders' equity	462	440	484	511	664
Total liabilities and shareholders' equity	2,162	2,161	2,218	2,295	2,392

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net income	46	41	99	132	—
Depreciation and amortization	122	112	104	104	109
Amortization of debt issuance costs	2	2	2	2	—
Loss on disposition of property and equipment	9	9	7	6	4
Impairment	20	17	12	—	—
Share-based compensation	12	10	9	8	9
Noncash lease expense	61	60	60	58	56
Amortization of asset recognized from gain on sale and leaseback transactions	13	13	13	13	13
Accounts receivable	4	−7	3	−2	−7
Income taxes receivable	−3	−8	389,000	19	8
Inventories	373,000	8	24	−75	771,000
Prepaids and other current assets	−9	−867,000	−11	−3	−4
Other assets	−1	−4	−848,000	8	−4
Accounts payable	8	−3	−4	35	32
Current operating lease liabilities	1	4	−8	4	8
Taxes withheld and accrued	1	3	−21	12	17
Accrued employee compensation	6	−4	13	−13	8
Accrued employee benefits	1	4	−585,000	1	−653,000
Deferred revenues	2	−8	1	458,000	−2
Other current liabilities	3	−7	7	−7	3
Long-term operating lease liabilities	−61	−63	−50	−59	−59
Other long-term liabilities	−2,000	−7	−2	−32	7
Deferred income taxes	−15	−7	−6	−6	67
Net cash provided by operating activities	219	169	250	205	302
Purchase of property and equipment	−159	−128	−127	−98	−71
Proceeds from insurance recoveries of property and equipment	497,000	834,000	2	1	1
Proceeds from sale of property and equipment	2	3	1	105,000	150
Net cash used in investing activities	−157	−124	−124	−98	78
Proceeds from issuance of long-term debt	549	407	180	230	—
Principal payments under long-term debt	−729	−347	−190	−185	−925
Net proceeds from settlement of bond hedge and warrants	52,000	—	—	—	—
Repayment of convertible senior notes	−146	—	—	—	—
Proceeds from issuance of convertible senior notes	335	—	—	—	—
Payment for capped call option related to convertible senior notes	−16	—	—	—	—
Taxes withheld from issuance of share-based compensation awards	−1	−2	−2	−3	−2
Purchases and retirement of common stock	—	—	−17	−132	−35
Deferred financing costs	−3	—	0	−2	−420,000
Dividends on common stock	−23	−116	−116	−115	−32
Net cash used in financing activities	−35	−58	−146	−206	−673
Net increase (decrease) in cash and cash equivalents	28	−13	−20	−99	−292
Interest, net of amounts capitalized	17	18	14	8	41
Income taxes	10	9	6	26	3
Capital expenditures accrued in accounts payable	9	9	10	7	6

Filings

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