Cracker Barrel reported financial results for the first quarter of fiscal 2026, ending October 31, 2025.
Total revenue decreased by 5.7% compared to the prior year first quarter.
Adjusted operational initiatives and cost-saving actions are in place to improve financial performance.
Total Revenue Decrease
Total revenue was $797.2 million, a 5.7% decrease from the prior year first quarter.
Adjusted EBITDA Decline
Adjusted EBITDA was $7.2 million, a significant drop from $45.8 million in the prior year quarter.
Debt and Liquidity
The Company ended the first quarter with a total debt of $550.3 million and available liquidity of $485 million.
Dividend Announcement
The Board declared a quarterly dividend of $0.25 per share, payable on February 11, 2026.
2026 Outlook Update
Adjusted EBITDA outlook revised to $70 million to $110 million, with cost-saving initiatives and reduced advertising expenses.
- Cracker Barrel faced challenges with revenue decline and operational adjustments.
- The Company's focus on cost savings and menu enhancements aims to drive future growth.
Cracker Barrel aims to regain momentum by implementing strategic changes and cost-saving measures amidst challenging market conditions.