Cracker Barrel Declares $0.25 Quarterly Dividend Amid Revenue Decline
Cracker Barrel Old Country Store, a restaurant and retail chain operator, announced a $0.25 per share quarterly dividend payable in May. The dividend comes as the company reported a 7.9% revenue decline in its second fiscal quarter.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), a restaurant and retail chain operator, announced its board of directors declared a quarterly dividend of $0.25 per share. The dividend will be paid on May 13, 2026 to shareholders of record as of April 10, 2026. Read more dividend announcements.
The dividend declaration comes alongside the company's second quarter fiscal 2026 results, which showed total revenue of $874.8 million, down 7.9% from the prior year quarter. Comparable store restaurant sales declined 7.1% while comparable store retail sales fell 9.2%.
| Dividend Details | Information |
|---|---|
| Amount | $0.25 per share |
| Record Date | April 10, 2026 |
| Payment Date | May 13, 2026 |
| Type | Quarterly cash dividend |
Second Quarter Financial Performance
The company reported GAAP earnings of $0.06 per diluted share for the second quarter ended January 30, 2026, compared to $0.99 per diluted share in the prior year quarter. Adjusted earnings per diluted share were $0.25, down from $1.38 in the year-ago period.
GAAP net income totaled $1.3 million, a sharp decline from $22.2 million in the prior year quarter. Adjusted EBITDA came in at $38.2 million versus $74.6 million in the comparable period last year.
Balance Sheet and Capital Position
Cracker Barrel ended the second quarter with total debt of $531.5 million and a consolidated senior leverage ratio of 0.3x. The company expects to record a net cash benefit of approximately $46 million during its third quarter following settlement of certain litigation matters.
Updated Fiscal 2026 Outlook
The company narrowed its fiscal 2026 revenue guidance to a range of $3.24 billion to $3.27 billion, compared to previous guidance of $3.2 billion to $3.3 billion. Adjusted EBITDA guidance was tightened to $85 million to $100 million from a prior range of $70 million to $110 million.
Cracker Barrel lowered its commodity inflation forecast to 2.0% to 2.5% from 2.5% to 3.5%, and reduced hourly wage inflation expectations to 2.5% to 3.0% from 3% to 4%. Capital expenditures are now expected between $105 million and $115 million, down from $110 million to $125 million. The company maintains plans to open two new stores during fiscal 2026.