Short answer
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) filed its fiscal 2026 10-K annual report with the SEC on Sep 25, 2026. It reported revenue of $3.3B (−4.7% year over year) and net income of $32M.
- Top risk flagged: Regulatory risk from compliance with Fair Labor Standards Act, Affordable Care Act, and evolving wage/benefit laws increasing labor costs across many states
FY2026 key financial metrics · XBRL
- Revenue
- $3.3B
- −4.7% YoY
- Net income
- $32M
- −31.7% YoY
- Operating margin
- -0.4%
- −2.0 pp YoY
- EPS (diluted)
- $1.40
- −32.0% YoY
- ROE
- 6.6%
- −3.4 pp YoY
- Operating cash flow
- $206M
- −5.8% YoY
Source: XBRL data from the CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) FY2026 10-K on SEC EDGAR. USD.
CRACKER BARREL OLD COUNTRY STORE, INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Operates Cracker Barrel stores combining full-service country-style restaurants and nostalgic retail shops
- Discontinued modernized logo and test store remodels after negative publicity, reverting to former logo and rustic store design in early 2026
- Closed all Maple Street Biscuit Company fast casual locations, exiting that segment during 2026
- Employee base approx. 74,500 with 3,400 in-store managers; average restaurant check grew 3.7% to $15.58 in 2026
- Opened 2 stores, closed 4 stores in 2026; plans no new store openings in 2027
Management Discussion & Analysis
- Revenue $3.32B, down 4.7% YoY ($3.48B in 2025); restaurant $2.70B (-4.6%), retail $616.9M (-5.5%)
- Operating loss (0.4% margin) vs operating income 1.6% margin in 2025; net income $31.7M (1.0% margin) vs $46.4M (1.3%)
- Best perf. segment: restaurant with $2.7B revenue, worst: retail down 5.2% comp. sales with 50.2% COGS margin
- Operating cash flow $206.2M vs $218.9M; capex $115.3M vs $158.6M; $47.4M litigation settlement gain; no share buybacks, dividends $1.00/share
- Outlook: expects 3.0% commodity inflation, capex $110M-$125M in 2027; risks include macroeconomic inflation, negative publicity impact, geopolitical uncertainty
Risk Factors
- Regulatory risk from compliance with Fair Labor Standards Act, Affordable Care Act, and evolving wage/benefit laws increasing labor costs across many states
- Macroeconomic exposure to inflationary pressures on food, labor, utilities and transportation costs impacting 2027 operating margins
- Supply chain vulnerability due to reliance on single retail distribution and decorative fixture warehouse in Lebanon, Tennessee
- Competitive risk from supermarket industry convergence and growth of home meal kits and third-party delivery platforms like DoorDash® and Uber Eats
- Leverage risk from indebtedness tied to 2030 Notes requiring cash repurchases upon fundamental change, potentially impairing liquidity and refinancing options
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