Cracker Barrel Q3 Profit Surges, Boosts FY26 Outlook

(CBRL) reported a significant increase in third-quarter net income, reaching $42.8 million or $1.90 per share, primarily due to a $47.4 million litigation settlement, while simultaneously raising its fiscal 2026 revenue and adjusted EBITDA guidance. Net income surged from $12.6 million ($0.56 per share) in the prior-year period.

However, adjusted net income, which excludes the one-time benefit, declined to $6.5 million or $0.29 per share from $13.1 million or $0.58 per share a year ago. Quarterly revenue decreased 2.9% to $797.4 million from $821.1 million last year, with comparable-store restaurant sales falling 2.6% and comparable-store retail sales dropping 1.8%.

For fiscal 2026, Cracker Barrel raised its revenue guidance to $3.27 billion - $3.30 billion from the prior range of $3.24 billion - $3.27 billion. The company also increased its adjusted EBITDA outlook to $120 million - $125 million, compared with its previous forecast of $85 million - $100 million, as reported by RTTNews Staff Writer.