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Cracker Barrel OLD Country Store, Inc (CBRL) stock

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NASDAQ: CBRL Nasdaq Restaurants Next results ~December 9, 2026

C Fundamentals grade

Cracker Barrel OLD Country Store, Inc is a US-listed company in the restaurants industry. Its financial year ends in July.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$24

Cash-flow model

Base case. Range ~$15–$37 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 64% below it.

Price used: $67.51, November 3, 2026

Cracker Barrel OLD Country Store, Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cracker Barrel OLD Country Store files

Where Cracker Barrel OLD Country Store stands after its latest 10-K

Revenue for the twelve months to July 2026 was $3.32bn, down 4.7% on a year earlier, about the same pace as a quarter earlier. That puts it 24 of 25 for growth among the restaurants companies we cover. Free-cash-flow margin held at 2.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 5 financial-health checks. Our cash-flow model value is $23.64 a share, against a share price of $68.14. At that price, our model says the market is pricing in about 16.2% a year of cash-flow growth for five years, faster than the 3.3% a year revenue growth it has delivered.

Source: 10-K filed September 25, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 9, 2026 (estimated)

Cracker Barrel OLD Country Store, Inc's trailing-twelve-month revenue fell 4.7% year on year, with a free-cash-flow margin of 2.7%. Where it stands out: stock pay as % of revenue of 0.3% ranks 5 of 40 restaurants companies we cover. Where it lags: revenue growth of -4.7% ranks 39 of 44 restaurants companies we cover.

Our discounted-cash-flow model values the business at ~$24 per share in the base case (~$15–$37 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 48.0% while net income fell 31.7%: a 80pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 31.0% over 90 days.

Things to watch

  • Priced above our value. The share price of $69.75 is 65% above our value per share of $24.
  • Revenue shrinking. Revenue fell 4.7% over the last 12 months.
  • Loss-making. Operating margin is -0.4%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 0.4 against the S&P 500.
  • Insiders selling. 6 insiders sold $17M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 29.1% of the shares available to trade are sold short (4.7 days of average volume to cover).

Latest results: FY2026 Q4

Filed September 25, 2026
Earnings per share
$0.99 against an average estimate of $0.18: beat by 453.4%
Revenue
$849m, down 2.2% on a year earlier
Share reaction
+14.0% in the first session after the results on September 23, 2026, against -0.8% for the S&P 500
Guidance given
total revenue $3.33bn to $3.4bn (fiscal 2027); comparable store restaurant sales growth growth 3% to 5% (fiscal 2027)
Next report
December 9, 2026; average EPS estimate -$0.11

Cracker Barrel OLD Country Store's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.2%
  • 1 week-1.0%
  • 1 month+21.5%
  • This year+181.2%
  • 1 year+114.5%
  • 5 years-42.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.3B
Operating margin
-0.4%
Net margin
1.0%
EPS (TTM, diluted)
$1.41

Growth

Revenue growth
−4.7%
Change in growth rate
+0.2 pts
Share count change
+0.4%

Cash

Free cash flow (TTM)
$88.4M
FCF margin
2.7%
Stock pay % of revenue
0.3%

Earnings

Last results
September 23, 2026
Next results (est.)
December 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership
  4. Restructuring

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cracker Barrel OLD Country Store, Inc valuation models and calculator

What the price is pricing in

The share price implies about 15.6% a year of cash-flow growth for five years.That is faster than the 3.3% a year revenue growth Cracker Barrel OLD Country Store has delivered.

  • Priced in15.6%
  • Last 12 months-4.7%
  • 3 years a year-1.2%
  • 5 years a year3.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($67.59, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$24
Price used
$67.59close November 3, 2026
Implied change
▼ 64%
Uncertainty
High

How we got here: a discounted-cash-flow model of Cracker Barrel OLD Country Store, Inc's free cash flow after stock-based pay with after-tax interest added back ($50.8M, FY2026 Q4 TTM), growing 1.7% and 2.1% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$15–~$37 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cracker Barrel OLD Country Store, Inc's free cash flow after stock-based pay ( $50.8M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cracker Barrel OLD Country Store, Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$24 ~$15–$37 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$36 ~$32–$64 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$31 ~$25–$39 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$34 ~$31–$39 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$30 ~$24–$36 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cracker Barrel OLD Country Store, Inc with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −32%
  • Revenue growth 5 points higher ▲ +42%
  • Free-cash-flow margin 1 point lower ▼ −47%
  • Last year's free-cash-flow margin change, if it persists ▲ +81%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $19$31$47$67$94$128
8.5% $12$20$31$46$65$90
10% $7$14$22$33$48$67

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$104.30$108.50$107.28$133.15$88.10$110.55$80.78$83.75$40.00$57.28$56.18
Market value$2.5bn$2.6bn$2.6bn$3.2bn$2.1bn$2.6bn$1.9bn$1.9bn$893m$1.3bn$1.3bn
+ Net debt (− = net cash)$249m$239m$285m$363m$512m$183m−$45m$390m$465m$445m$301m
Enterprise value$2.8bn$2.9bn$2.9bn$3.6bn$2.6bn$2.8bn$1.8bn$2.3bn$1.4bn$1.7bn$1.6bn
Multiples
Price / sales 0.9x0.9x0.9x1.0x0.8x0.9x0.6x0.5x0.3x0.4x0.4x
Price / earnings 13.3x13.0x10.4x14.4x—10.3x14.2x18.8x21.8x27.7x40.0x
Price / free cash flow 16.0x12.5x14.5x14.3x—11.4x17.6x15.1x21.9x21.5x14.3x
EV / EBITDA 7.7x7.1x7.4x9.1x11.8x5.9x7.1x10.0x8.7x9.8x14.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

55 /100

Moderate moat

How hard Cracker Barrel OLD Country Store's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Net income has been a median 5.1% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 69.1%, moving by 0.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.4%; its worst year was -0.4%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 3.4% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 5.1% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 9, 2026, before the open. Analysts expect revenue of $815m and EPS of −$0.11 (range −$0.40 to $0.26) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.97 +147% $3.4bn +2%
Next $2.20 +12% $3.5bn +2%

Next year's EPS estimate has moved +31.0% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +79.1% on 90 days ago. In the last 30 days, 6 analysts raised Cracker Barrel OLD Country Store, Inc's forecast and 0 cut it.

Consensus EPS forecast Cracker Barrel OLD Country Store, Inc, last 90 days
$1.00 $1.50 $2.00 $2.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.10 Current fiscal year, 60 days ago: $1.10 Current fiscal year, 30 days ago: $2.05 Current fiscal year, 7 days ago: $1.97 Current fiscal year, Now: $1.97 $1.97 Next fiscal year, 90 days ago: $1.68 Next fiscal year, 60 days ago: $1.68 Next fiscal year, 30 days ago: $1.96 Next fiscal year, 7 days ago: $2.20 Next fiscal year, Now: $2.20 $2.20

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.10$1.68
60 days ago $1.10$1.68
30 days ago $2.05$1.96
7 days ago $1.97$2.20
Now $1.97$2.20

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.18 $0.99 +453.4%
Apr 2026 −$0.48 $0.29 +160.3%
Jan 2026 −$0.30 $0.25 +183.4%
Oct 2025 −$0.73 −$0.74 −1.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 23, 2026
  • Total revenue fiscal 2027 $3.325bn to $3.4bn New
    “Total revenue of $3.325 billion to $3.4 billion including comparable store restaurant sales growth of 3% to 5% and no new store openings” source
  • Comparable store restaurant sales growth fiscal 2027 3% growth to 5% growth New
    “Total revenue of $3.325 billion to $3.4 billion including comparable store restaurant sales growth of 3% to 5% and no new store openings” source
  • Adjusted EBITDA fiscal 2027 $180m to $200m Non-GAAP New
    “Adjusted EBITDA 1 of $180 million to $200 million 2” source
  • Commodity inflation fiscal 2027 about 3% New
    “Commodity inflation of approximately 3.0%” source
  • Hourly wage inflation fiscal 2027 2.5% to 3% New
    “Hourly wage inflation of 2.5% to 3.0%” source
  • Capital expenditures fiscal 2027 $110m to $125m New
    “Capital expenditures of $110 million to $125 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Cracker Barrel OLD Country Store, Inc's revenue by +1.7% next year and +2.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.7%, weight 53%) , management guidance (+1.3%, weight 20%) and the company's own record (+2.0%, weight 27%) . How the weights are set.

Analyst recommendations

9 analysts, Nov 2026
Buy222%
Hold444%
Sell333%

Monthly trend

  1. Nov 202624219
  2. Oct 202624219

Counts of recommendations published by analysts covering Cracker Barrel OLD Country Store, Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
29.1%
of tradable shares
Days to cover
4.69
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.6%
of shares
Employees
74,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +112.0%

$32.90 on October 31, 2025 to $69.75

ThenNowEffect
Revenue (last 12 months) $3.5bn $3.3bn −4.7%
Net margin 1.3% 1.0% −28.3%
P/E multiple 15.9x 49.6x +211.5%
Share count 22m 23m −0.4%

Biggest factor: p/e multiple.

Last 3 years +11.6%

$62.49 on November 3, 2023 to $69.75

ThenNowEffect
Revenue (last 12 months) $3.4bn $3.3bn −3.6%
Net margin 2.9% 1.0% −66.8%
P/E multiple 14.0x 49.6x +253.4%
Share count 22m 23m −1.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CBRL−1%−23%−14%−28%−51%+181%
Industry peers (median)+16%−15%+16%+0%−8%+2%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CBRL42%42%50%50%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CBRL−32%−38%−46%−55%−65%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 83% from April 12, 2021 to December 30, 2025. Getting back needed a 488% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$24.43 – $72.45
From 52-week high
−3.7%
vs 50-day average
+22.5%
vs 200-day average
+63.9%
Volatility (1 year)
57%
Beta vs S&P 500
0.40

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±9.0%
After a week
6 up, 6 down
typical move ±10.8%
After a month
7 up, 5 down
typical move ±19.6%
Results releasedNext dayS&P 500 next day5 days21 days
September 23, 2026 +14.0% −0.8% +15.7% +48.6%
June 9, 2026 +30.0% −1.9% +27.9% +47.4%
March 4, 2026 +1.2% +0.1% −9.3% −5.9%
December 9, 2025 +5.0% +0.6% −2.4% +12.7%
September 17, 2025 −10.6% +0.3% −14.5% −21.3%
June 5, 2025 −4.1% +0.5% −4.7% +14.9%
March 6, 2025 +6.3% −1.2% +1.4% −7.6%
December 4, 2024 −8.3% +0.5% −6.4% +6.1%
November 14, 2024 +7.8% −1.9% +5.2% +17.5%
September 19, 2024 0.0% +1.5% +10.6% +22.1%
May 30, 2024 +7.5% +0.2% +12.1% −10.1%
May 16, 2024 −13.4% −0.1% −19.3% −20.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Cracker Barrel OLD Country Store, Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.09× the last 60 days’ realised volatility .
  • Calls are priced 4 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CBRL Cracker Barrel OLD Country Store, Inc Grade C $69.24

Own 100 shares, sell the $80.00 call expiring December 18, 2026 (45 days) for $1.95 a share — $195 per contract.

Bid $1.95, ask $2.40, quoted Tue 3 Nov, 14:20 New York time with CBRL at $69.24. Option prices move with the shares: check the live chain at your broker before trading.

  • If CBRL ends below $80.00: you keep your shares and the $195 — 2.8% extra on the position, 22.8% a year at that pace.
  • If it ends above $80.00: your shares are sold at $80.00, a total return of 18.4% including the premium — at or above our value of ~$24.
$1.3k $0 −$1.3k Break-even $67.29 Price $69.24 ← Our value ~$24
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$195
Annualised
22.8%
Break-even
$67.29
Max gain
$1,271.5
Chance of selling
~29%

Results are expected around December 8, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $60.00 put and sell the $80.00 call, both expiring December 18, 2026 (45 days).

  • Net cost of $0.05 a share ($5.00 per contract of 100 shares).
  • Worst case at expiry: -13.4%, if the shares fall below $60.00 (-13.3% from today).
  • Best case at expiry: +15.5%, if the shares rise above $80.00 (+15.5%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $24.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cracker Barrel OLD Country Store, Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cracker Barrel OLD Country Store, Inc
$3.3B $3.4B $3.4B $3.5B $3.5B $3.6B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $3.4B Revenue (TTM), FY24 Q2: $3.4B Revenue (TTM), FY24 Q3: $3.4B Revenue (TTM), FY24 Q4: $3.5B Revenue (TTM), FY25 Q1: $3.5B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.5B Revenue (TTM), FY25 Q4: $3.5B Revenue (TTM), FY26 Q1: $3.4B Revenue (TTM), FY26 Q2: $3.4B Revenue (TTM), FY26 Q3: $3.3B Revenue (TTM), FY26 Q4: $3.3B $3.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $3.4B
FY24 Q2 $3.4B
FY24 Q3 $3.4B
FY24 Q4 $3.5B
FY25 Q1 $3.5B
FY25 Q2 $3.5B
FY25 Q3 $3.5B
FY25 Q4 $3.5B
FY26 Q1 $3.4B
FY26 Q2 $3.4B
FY26 Q3 $3.3B
FY26 Q4 $3.3B
Revenue growth, TTM YoY Cracker Barrel OLD Country Store, Inc
-5% 0% 5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 3.2% Revenue growth, TTM YoY, FY24 Q2: 1.0% Revenue growth, TTM YoY, FY24 Q3: -0.7% Revenue growth, TTM YoY, FY24 Q4: 0.8% Revenue growth, TTM YoY, FY25 Q1: 1.9% Revenue growth, TTM YoY, FY25 Q2: 2.3% Revenue growth, TTM YoY, FY25 Q3: 2.8% Revenue growth, TTM YoY, FY25 Q4: 0.4% Revenue growth, TTM YoY, FY26 Q1: -1.6% Revenue growth, TTM YoY, FY26 Q2: -4.1% Revenue growth, TTM YoY, FY26 Q3: -4.9% Revenue growth, TTM YoY, FY26 Q4: -4.7% -4.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 3.2%
FY24 Q2 1.0%
FY24 Q3 -0.7%
FY24 Q4 0.8%
FY25 Q1 1.9%
FY25 Q2 2.3%
FY25 Q3 2.8%
FY25 Q4 0.4%
FY26 Q1 -1.6%
FY26 Q2 -4.1%
FY26 Q3 -4.9%
FY26 Q4 -4.7%
Operating margin (TTM) Cracker Barrel OLD Country Store, Inc
-1% 0% 1% 2% 3% 4% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 3.2% Operating margin (TTM), FY24 Q2: 2.9% Operating margin (TTM), FY24 Q3: 1.9% Operating margin (TTM), FY24 Q4: 1.3% Operating margin (TTM), FY25 Q1: 1.2% Operating margin (TTM), FY25 Q2: 1.1% Operating margin (TTM), FY25 Q3: 2.1% Operating margin (TTM), FY25 Q4: 1.6% Operating margin (TTM), FY26 Q1: 0.4% Operating margin (TTM), FY26 Q2: -0.4% Operating margin (TTM), FY26 Q3: -0.6% Operating margin (TTM), FY26 Q4: -0.4% -0.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 3.2%
FY24 Q2 2.9%
FY24 Q3 1.9%
FY24 Q4 1.3%
FY25 Q1 1.2%
FY25 Q2 1.1%
FY25 Q3 2.1%
FY25 Q4 1.6%
FY26 Q1 0.4%
FY26 Q2 -0.4%
FY26 Q3 -0.6%
FY26 Q4 -0.4%
FCF margin (TTM) Cracker Barrel OLD Country Store, Inc
-1% 0% 1% 2% 3% 4% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 3.1% FCF margin (TTM), FY24 Q2: 2.4% FCF margin (TTM), FY24 Q3: 2.3% FCF margin (TTM), FY24 Q4: 1.2% FCF margin (TTM), FY25 Q1: 1.1% FCF margin (TTM), FY25 Q2: 1.3% FCF margin (TTM), FY25 Q3: 0.7% FCF margin (TTM), FY25 Q4: 1.7% FCF margin (TTM), FY26 Q1: 0.4% FCF margin (TTM), FY26 Q2: -0.6% FCF margin (TTM), FY26 Q3: 1.8% FCF margin (TTM), FY26 Q4: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 3.1%
FY24 Q2 2.4%
FY24 Q3 2.3%
FY24 Q4 1.2%
FY25 Q1 1.1%
FY25 Q2 1.3%
FY25 Q3 0.7%
FY25 Q4 1.7%
FY26 Q1 0.4%
FY26 Q2 -0.6%
FY26 Q3 1.8%
FY26 Q4 2.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Aug 2012 2013 Aug 2013 2014 Aug 2014 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Aug 2018 2019 Aug 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Aug 2024 2025 Aug 2025 2026 Jul 2026
Income
Revenue 2,405 2,434 2,580 2,645 2,684 2,842 2,912 2,926 3,030 3,072 2,523 2,821 3,268 3,443 3,471 3,484 3,319
Gross profit 1,659 1,662 1,753 1,790 1,811 1,918 1,984 2,035 2,095 2,141 1,743 1,956 2,218 2,315 2,383 2,403 2,292
EBITDA 226 230 255 268 277 328 359 399 387 390 222 475 257 225 157 177 111
Operating income 165 167 191 202 208 255 280 313 294 283 104 367 153 121 45 55 −12
Net income 85 85 103 117 132 164 189 202 248 223 −32 255 132 99 41 46 32
Diluted EPS $3.62 $3.61 $4.40 $4.90 $5.51 $6.82 $7.86 $8.37 $10.29 $9.27 −$1.36 $10.71 $5.67 $4.45 $1.83 $2.06 $1.40
Growth (year on year)
Revenue +1.6% +1.2% +6.0% +2.5% +1.5% +5.9% +2.5% +0.5% +3.6% +1.4% −17.9% +11.8% +15.8% +5.4% +0.8% +0.4% −4.7%
EBITDA +12.0% +1.9% +11.1% +4.8% +3.4% +18.4% +9.4% +11.4% −3.1% +0.8% −43.2% +114.3% −46.0% −12.3% −30.3% +13.0% −37.6%
Operating income +15.8% +1.5% +14.2% +5.5% +3.4% +22.3% +10.0% +11.7% −6.2% −3.7% −63.4% +253.9% −58.3% −21.2% −62.6% — —
Net income +29.3% −0.1% +21.0% +13.8% +12.7% +24.0% +15.5% +6.7% +22.6% −9.8% −114.5% — −48.2% −24.9% −58.7% — —
Diluted EPS +25.3% −0.3% +21.9% +11.4% +12.4% +23.8% +15.2% +6.5% +22.9% −9.9% −114.7% — −47.1% −21.5% −58.9% — —
Margins
Gross margin 69.0% 68.3% 67.9% 67.7% 67.5% 67.5% 68.1% 69.5% 69.1% 69.7% 69.1% 69.3% 67.9% 67.2% 68.7% 69.0% 69.1%
EBITDA margin 9.4% 9.4% 9.9% 10.1% 10.3% 11.5% 12.3% 13.7% 12.8% 12.7% 8.8% 16.8% 7.9% 6.5% 4.5% 5.1% 3.3%
Operating margin 6.8% 6.9% 7.4% 7.6% 7.8% 9.0% 9.6% 10.7% 9.7% 9.2% 4.1% 13.0% 4.7% 3.5% 1.3% 1.6% −0.4%
Net margin 3.5% 3.5% 4.0% 4.4% 4.9% 5.8% 6.5% 6.9% 8.2% 7.3% −1.3% 9.0% 4.0% 2.9% 1.2% 1.3% 1.0%
Free-cash-flow margin 5.9% 2.5% 5.4% 5.1% 3.2% 8.6% 5.4% 7.2% 5.9% 7.3% −5.4% 8.2% 3.3% 3.6% 1.2% 1.7% 2.7%
Cash flow
Cash from operations 212 138 220 208 178 334 271 321 331 363 161 302 205 250 169 219 206
Capital spending 70 78 81 74 92 91 114 111 152 138 297 71 98 127 128 159 118
Free cash flow 142 60 139 134 86 243 157 210 178 225 −136 230 107 123 41 60 88
Stock-based pay 13 10 14 18 8 16 13 8 7 8 6 9 8 9 10 12 9
Free cash flow after stock pay 129 50 124 116 78 227 144 202 171 216 −143 222 99 114 30 48 79
Balance sheet
Cash 48 52 152 122 119 265 151 161 115 37 437 145 45 25 12 40 37
Total debt 581 550 525 400 400 400 400 400 400 400 949 327 — 415 477 485 337
Net debt (negative = net cash) 533 498 373 278 281 135 249 239 285 363 512 183 −45 390 465 445 301
Diluted shares 24m 24m 23m 24m 24m 24m 24m 24m 24m 24m 24m 24m 23m 22m 22m 22m 23m
Returned to shareholders
Dividends 19 20 22 45 71 96 256 197 207 193 95 32 115 116 116 23 23
Buybacks 62 34 15 4 12 0 15 0 15 0 55 35 132 17 — — —
Total returned 81 53 37 49 84 96 270 197 222 193 150 67 246 134 116 23 23

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · July 31, 2026
What it owns · $2.0bn
Short-term assets $276mLonger-term assets $1.7bn
What it owes, and who funded it · $954m
Short-term liabilities $476mShareholders' equity $478m
  • Short-term assets cover short-term liabilities $276m of assets due within a year against $476m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $37m of cash against $337m of debt.
  • Debt below 40% of shareholders' equity Debt is 71% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 54% to 71% over five years.
  • A year's operating cash flow covers at least 20% of debt $206m of operating cash flow against $337m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Cracker Barrel OLD Country Store, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$23.1M
Diluted share count
+0.4%
year over year
Total shareholder yield
1.5%
dividends 1.5% + buybacks 0.0% of market value
Dividend payout ratio
73%
of net income paid out
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated CBRL BLMN CAKE ARCO WEN DPZ Median
Revenue, last 12 months $3.3bn $4.0bn $4.0bn $4.7bn $2.2bn $5.1bn $1.4bn
Revenue growth, last 12 months −4.7% 1.2% 7.9% 4.7% −1.0% 4.5% 4.6%
Revenue growth, 3-year average −1.2% 0.7% 5.0% 5.1% 0.7% 4.3% 5.1%
Revenue growth, latest quarter −2.2% 1.3% 13.9% — 1.7% 3.4% 4.5%
Gross margin 69.1% 70.1% 75.9% 98.1% 63.0% 40.0% 68.6%
Operating margin −0.4% 1.2% 6.0% 7.8% 13.6% 19.7% 4.9%
Operating margin, 3-year average 0.8% 3.1% 5.1% 7.1% 15.8% 19.1% 6.9%
Net margin 1.0% 0.7% 5.2% 4.5% 5.7% 12.0% 2.5%
Cash from operations / revenue 6.2% 8.0% 9.7% 6.3% 16.3% 15.0% 11.9%
Free-cash-flow margin 2.7% 3.9% 5.5% 0.3% 12.0% 12.5% 3.4%
Free-cash-flow margin, 3-year average 1.9% 2.5% 3.9% 2.7% 11.8% 12.1% 2.8%
Stock pay / revenue 0.3% 0.3% 0.7% 0.0% 0.5% 0.9% 0.8%
Change in share count 0.4% 1.4% 0.6% 0.0% −4.9% −2.6% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth -4.7% 4.7% 39 of 44
Change in growth rate Growth +0.2pp +0.3pp 24 of 44
Gross margin Profitability 69.1% 63.0% 6 of 15
Operating margin Profitability -0.4% 5.2% 33 of 42
Net margin Profitability 1.0% 2.6% 31 of 44
Free-cash-flow margin Cash generation 2.7% 3.6% 24 of 44
Stock pay as % of revenue Cash generation 0.3% 0.8% 5 of 40
Long-term debt as % of assets Balance sheet 16.7% 29.0% 15 of 36
Change in share count Balance sheet 0.4% 0.3% 24 of 42
Days sales outstanding Balance sheet 4 days 6 days 7 of 25

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 31, 2026
Products and services
Line of business Revenue Share YoY
Restaurant $2.7B 81.4% ▼ 4.6%
Retail $617M 18.6% ▼ 5.4%

From Cracker Barrel OLD Country Store, Inc's 10-K filed September 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
269
Shares held vs prior quarter
▲ 12.1%
Positions opened / closed
59 / 32

Top buyers and sellers, Q2 2026: 145 institutions bought and 101 sold ; the biggest buyer was D. E. Shaw & Co., Inc (+1.4M shares) and the biggest seller Gmt Capital Corp (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $189M 3.6M 15.9% ▲ 5.2%
D. E. Shaw & Co., Inc. $76.6M 1.4M 6.4% ▲ 2047.9%
American Century Companies Inc $56.2M 1.1M 4.7% ▲ 8.4%
Allianz Asset Management Gmbh $55.5M 1.0M 4.7% ▼ 3.0%
Vanguard Capital Management LLC $52.8M 991K 4.4% ▲ 1.2%
Two Sigma Investments, LP $52.2M 980K 4.4% ▲ 43.4%
State Street Corp $48M 900K 4.0% ▲ 5.0%
Charles Schwab Investment Management Inc $36.4M 682K 3.0% ▲ 5.5%
Federated Hermes, Inc. $32M 599K 2.7% ▲ 922.9%
Geode Capital Management, LLC $31.8M 596K 2.7% ▲ 6.8%
Vanguard Portfolio Management LLC $30.4M 570K 2.5% ▲ 4.8%
Gmt Capital Corp $29.1M 545K 2.4% ▼ 65.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cracker Barrel OLD Country Store, Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $17.5M 15 trades by 6 insiders · 0% under pre-set plans
Net ▼ $17.5M net selling
Insider Date Trade Shares Price Value
Roberts Donna SVP, Chief HR Officer October 1, 2026 Sell 3,500 $52.08 $182,280
Bay Resource Partners Offshore Master Fund, L.P. 10% owner January 5, 2026 Sell 42,400 $27.10 $1.1M
Claugus Thomas E 10% owner December 29, 2025 Sell 42,400 $25.56 $1.1M
Bay Ii Resource Partners Lp 10% owner December 23, 2025 Sell 42,400 $26.03 $1.1M
Bay Resource Partners Lp 10% owner December 19, 2025 Sell 42,400 $26.37 $1.1M
Bay Resource Partners Offshore Master Fund, L.P. 10% owner December 17, 2025 Sell 42,400 $26.85 $1.1M
Bay Resource Partners Offshore Master Fund, L.P. 10% owner December 16, 2025 Sell 42,400 $26.13 $1.1M
Gmt Capital Corp 10% owner December 11, 2025 Sell 42,400 $28.79 $1.2M
Gmt Capital Corp 10% owner December 10, 2025 Sell 42,400 $26.13 $1.1M
Bay Ii Resource Partners Lp 10% owner December 9, 2025 Sell 42,400 $27.61 $1.2M
Bay Ii Resource Partners Lp 10% owner December 8, 2025 Sell 42,400 $26.89 $1.1M
Bay Resource Partners Lp 10% owner December 5, 2025 Sell 42,400 $27.73 $1.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 11 trades and filings

In the last 12 months, 1 member of Congress disclosed 5 purchases and 4 sales of Cracker Barrel OLD Country Store, Inc shares.

  • Tim Moore(R-NC 14):Sale (full), $15,001 - $50,000, traded April 1, 2026, filed April 28, 2026
  • Tim Moore(R-NC 14):Purchase, $15,001 - $50,000, traded March 23, 2026, filed March 24, 2026
  • Tim Moore(R-NC 14):Sale (full), $50,001 - $100,000, traded January 5, 2026, filed January 24, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 8, 2026 estimated from the company's past filing pattern, not announced

  • September 23, 2026
  • June 9, 2026
  • March 4, 2026
  • December 9, 2025
  • September 17, 2025
  • June 5, 2025

Recent SEC filings

Data status

When each part of this page on Cracker Barrel OLD Country Store, Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cracker Barrel OLD Country Store, Inc in brief

What does Cracker Barrel OLD Country Store, Inc do?
Cracker Barrel OLD Country Store, Inc is a US-listed company in the restaurants industry. Its financial year ends in July.
What is Cracker Barrel OLD Country Store, Inc's stock ticker?
Cracker Barrel OLD Country Store, Inc trades under the ticker CBRL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cracker Barrel OLD Country Store, Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cracker Barrel OLD Country Store, Inc reported revenue of $3.3B, 4.7% lower than a year earlier, according to its SEC filings.
What is Cracker Barrel OLD Country Store, Inc's free cash flow?
Cracker Barrel OLD Country Store, Inc's free-cash-flow margin is 2.7% of revenue over the trailing twelve months, ranking 24 of the 44 restaurants companies we cover.
What is Cracker Barrel OLD Country Store, Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cracker Barrel OLD Country Store, Inc's free cash flow after stock-based pay gives ~$24 per share in the base case, and ~$15–$37 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cracker Barrel OLD Country Store, Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., D. E. Shaw & Co., Inc. and American Century Companies Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Cracker Barrel OLD Country Store, Inc's market cap?
On July 31, 2026, Cracker Barrel OLD Country Store, Inc's market capitalisation was about $1.3B, with a price-to-earnings ratio of 40.0 and net debt of $301M. Market figures come from third-party market data and may be delayed.
Does Cracker Barrel OLD Country Store, Inc pay a dividend?
Yes: Cracker Barrel OLD Country Store, Inc paid $23.1M in dividends over the trailing twelve months, a dividend yield of 1.48% and a payout ratio of 73.1%.
How much debt does Cracker Barrel OLD Country Store, Inc have?
Cracker Barrel OLD Country Store, Inc's debt-to-equity ratio is 70.5%, from its latest balance sheet (54.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cracker Barrel OLD Country Store, Inc's competitors?
In our Restaurants peer group, the companies closest to Cracker Barrel OLD Country Store, Inc are Bloomin' Brands, Inc., Cheesecake Factory Inc, Arcos Dorados Holdings Inc., Wendy's Co and Domino's. The side-by-side comparison below sets their revenue, margins and growth against Cracker Barrel OLD Country Store, Inc's.
Are insiders buying or selling Cracker Barrel OLD Country Store, Inc stock?
Over the last 12 months, Cracker Barrel OLD Country Store, Inc's directors and officers reported 0 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is Cracker Barrel OLD Country Store, Inc's next earnings date?
Around December 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cracker Barrel OLD Country Store, Inc announces its own schedule.