Cracker Barrel raises fiscal 2026 revenue and adjusted EBITDA guidance
Cracker Barrel Old Country Store reported third quarter fiscal 2026 results ended May 1, 2026, and increased its full-year fiscal 2026 outlook. The company reported third quarter net income of $42.8 million, boosted by a litigation settlement benefit of approximately $47 million. On an adjusted basis (excluding the settlement and other non-recurring items), adjusted net income was $6.5 million. The company raised its full-year revenue and adjusted EBITDA guidance, citing strong execution and operational improvements that exceeded expectations.
Key facts
- Third quarter ended May 1, 2026
- Net income $42,811 thousand
- Litigation settlement income benefit approximately $47 million
- Adjusted net income $6,533 thousand
- Adjusted EBITDA guidance increased for fiscal 2026
- Revenue guidance increased for fiscal 2026
- CEO Julie Masino stated initiatives 'continue to gain traction'
- Approximately 660 company-owned Cracker Barrel locations in 43 states
- Ownership of Maple Street Biscuit Company
Why it matters
The raised full-year guidance reflects the company's confidence in sustained operational improvements and positions it for higher profitability than previously expected, though the third quarter results were substantially influenced by a non-recurring litigation settlement.
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Derived from 8-K filed 2026-06-09. Not investment advice. View the source filing on SEC.gov →