Cracker Barrel (CBRL) Fiscal Q4 2026 Earnings Call: EBITDA Rises, FY2027 Outlook
Source Tradingkey
Key Takeaways
- Fiscal Q4 2026 revenue was $849.3 million. Comparable-store restaurant sales declined 2.1%, as a 6.1% traffic decrease was partly offset by a 4.2% increase in average check.
- Adjusted EBITDA rose 11.4% year over year to $62.1 million, or 7.3% of revenue. Results included a $9.1 million net tariff refund benefit after reinvestment.
- Comparable-store retail sales increased 0.7%, the strongest growth since fiscal Q2 2023, supported by higher average unit selling prices, more units per transaction and an earlier Halloween assortment.
- Management expects fiscal 2027 revenue of $3.325 billion to $3.4 billion and adjusted EBITDA of $180 million to $200 million. The outlook assumes comparable-store restaurant sales growth of approximately 3% to 5%.
- New CEO David Deno identified food, guest experience and employees as the company’s main priorities. Dinner represents the largest food opportunity, with planned upgrades to chicken, hamburger and steak offerings.
- Total debt ended the quarter at $337.2 million, down $147.4 million year over year. Available liquidity was $541.3 million, with no revolver borrowings at quarter-end.
Key Financial Data
| Metric | Fiscal Q4 2026 | Change / Commentary |
|---|---|---|
| Total revenue | $849.3 million | Restaurant revenue of $698.5 million and retail revenue of $150.8 million |
| Comparable-store restaurant sales | -2.1% | Traffic fell 6.1%; average check rose 4.2% |
| Menu pricing | +4.4% | Menu mix was slightly negative |
| Comparable-store retail sales | +0.7% | Higher selling prices and units per transaction partly offset lower traffic |
| Adjusted EBITDA | $62.1 million | Up 11.4% from $55.7 million; 7.3% of revenue |
| GAAP diluted EPS | $0.54 | Includes items excluded from adjusted EBITDA |
| Adjusted diluted EPS | $0.99 | Non-GAAP measure |
| Restaurant cost of goods sold | 26.0% of restaurant sales | Down 30 basis points year over year |
| Labor and related expenses | 37.5% of revenue | Up 100 basis points, mainly due to sales deleverage, reversal of a prior kitchen labor initiative and higher store bonuses |
| Capital expenditures | $27.4 million | Fiscal Q4 spending |
| Total debt | $337.2 million | Down $147.4 million year over year |
| Available liquidity | $541.3 million | Revolver undrawn at quarter-end |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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