Cracker Barrel Old Country Store, Inc. reported its financial results for the fourth quarter of fiscal 2026, which ended July 31, 2026. The company announced that total revenue for the quarter was $849.3 million, a decrease of 2.2% compared to the prior year quarter. Comparable store restaurant sales decreased by 2.1%, while comparable store retail sales increased by 0.7%.
GAAP earnings per diluted share were $0.54, while adjusted earnings per diluted share were $0.99. GAAP net income for the quarter was $12.2 million, compared to $6.8 million in the prior year. Adjusted EBITDA was $62.1 million, which included a benefit of approximately $9.1 million related to tariff refunds.
The company ended fiscal 2026 with total debt of $337.2 million, a reduction from $484.6 million at the end of fiscal 2025. The company also reported a consolidated total leverage ratio of 1.7x and a consolidated senior leverage ratio of 0.0x. During the quarter, the company repaid $150 million of short-term debt and completed a sale-leaseback transaction for 26 company-owned locations, generating net proceeds of approximately $77 million.
Cracker Barrel provided an outlook for fiscal 2027, projecting total revenue between $3.325 billion and $3.4 billion. The company anticipates comparable store restaurant sales growth of 3% to 5% and adjusted EBITDA of $180 million to $200 million. The company also forecasted commodity inflation of approximately 3.0% and hourly wage inflation of 2.5% to 3.0%.
