CRACKER BARREL OLD COUNTRY STORE, INC Segments Disclosure
6. Segment Information
The Company represents a single, integrated operation with two related and substantially integrated product lines. The operating expenses of the restaurant and retail product lines of a store are shared and are indistinguishable in many respects. As such, the Company has determined it operates as one operating segment and one reportable segment. All of the Company’s operations are located within the United States.
The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer. The CODM uses consolidated net income to evaluate performance and as a basis for allocating resources. The CODM uses consolidated net income primarily in the forecasting process and periodic reviews of actual performance as compared to forecasts. The CODM reviews balance sheet and capital expenditure information at a consolidated level and, as such, the measure of total assets is reflected at the consolidated balance sheet level.
The following table presents information on the Company’s reportable segment and consolidated net income:
| 2025 |
| 2024 |
| 2023 | |||||
Total revenue | $ | 3,483,684 | $ | 3,470,762 | $ | 3,442,808 | ||||
Restaurant cost of goods sold (exclusive of depreciation and rent) |
| 748,455 |
| 743,390 |
| 769,295 | ||||
Retail cost of goods sold (exclusive of depreciation and rent) | 332,574 | 344,241 | 358,322 | |||||||
Labor and other related expenses |
| 1,254,668 |
| 1,271,555 |
| 1,208,669 | ||||
Other store operating expenses (a) | 394,621 | 375,789 | 361,876 | |||||||
Advertising expense | 119,397 | 112,793 | 89,798 | |||||||
Store-level supplies expense | 121,972 | 122,778 | 123,722 | |||||||
Store-level maintenance expense | 119,658 | 118,585 | 116,552 | |||||||
Store-level utilities expense | 99,741 | 101,818 | 105,867 | |||||||
General and administrative expenses |
| 217,510 |
| 207,062 |
| 174,091 | ||||
Other segment items (b) |
| 20,059 |
| 27,632 |
| 13,999 | ||||
Gain on extinguishment of debt | (3,186) | — | — | |||||||
Interest expense, net |
| 20,489 |
| 20,933 |
| 17,006 | ||||
Income before income taxes |
| 37,726 |
| 24,186 |
| 103,611 | ||||
Provision for income taxes (income tax benefit) |
| (8,653) |
| (16,744) |
| 4,561 | ||||
Segment profit and consolidated net income | $ | 46,379 | $ | 40,930 | $ | 99,050 | ||||
| (a) | Excludes advertising, store-level supplies, store-level maintenance and store-level utilities expenses which are disclosed separately. |
| (b) | Consists of impairment costs including goodwill impairment and store closing costs. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 26, 2025 | Showing above |
| 2023 | Sep 26, 2023 | |
| 2022 | Sep 27, 2022 | |
| 2020 | Sep 25, 2020 | |
| 2019 | Sep 27, 2019 | |
| 2017 | Sep 22, 2017 | |
| 2016 | Sep 26, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.