Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported financial results for the third quarter of fiscal 2026 after the market close on Tuesday. Here’s a rundown of the report.
- Cracker Barrel Old stock is among today’s top performers. Why is CBRL stock surging?
Cracker Barrel Delivers Double Beat In Q3
Cracker Barrel reported third-quarter revenue of $797.37 million, beating analyst estimates of $776.69 million. The restaurant operator reported adjusted earnings of 29 cents per share, beating estimates for a loss of 45 cents per share, according to Benzinga Pro.
Total revenue was down 2.9% year-over-year as comparable store restaurant sales fell 2.6% and comparable store retail sales decreased 1.8%.
“Our initiatives to improve operations, deepen guest connection and enhance profitability continue to gain traction, with strong execution from our teams driving third quarter results that exceeded expectations,” said Julie Masino, president and CEO of Cracker Barrel.
Cracker Barrel's board declared a quarterly dividend of 25 cents per share, payable on Aug. 12, to shareholders of record as of July 17.
Cracker Barrel raised its fiscal 2026 revenue guidance from a range of $3.24 billion to $3.27 billion to a new range of $3.27 billion to $3.30 billion, versus estimates of $3.25 billion.
CBRL Shares Surge After The Close
CBRL Price Action: Cracker Barrel shares were up 12.49% in after-hours, trading at $40.83 at the time of publication on Tuesday, according to Benzinga Pro.
Image: Shutterstock.com
Login to comment