Cracker Barrel Old Country Store, Inc. (CBRL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	-$0.48	$0.29	+160.4%	—	—	—
Q4 26	-$0.3	$0.25	+183.3%	—	—	—
Q3 26	-$0.73	-$0.74	-1.4%	—	—	—
Q2 26	$0.77	$0.74	-3.9%	—	—	—
Q1 26	$0.21	$0.58	+176.2%	—	—	—
Q4 25	$1.09	$1.38	+26.6%	—	—	—
Q3 25	$0.41	$0.45	+9.8%	—	—	—
Q2 25	$1.1	$0.98	-10.9%	—	—	—
Q1 25	$0.66	$0.88	+33.3%	—	—	—
Q4 24	$1.36	$1.37	+0.7%	—	—	—
Q3 24	$0.76	$0.51	-32.9%	—	—	—
Q2 24	$1.61	$1.79	+11.2%	—	—	—
Q1 24	$1.34	$1.21	-9.7%	—	—	—
Q4 23	$1.36	$1.48	+8.8%	—	—	—
Q3 23	$1.22	$0.99	-18.9%	—	—	—
Q2 23	$1.38	$1.57	+13.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.08	—	—	$3.5B	—
FY24	—	$1.84	—	—	$3.5B	—
FY23	—	$4.47	—	—	$3.4B	—
FY22	—	$5.69	—	—	$3.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.9B	$2.9B	$3B	$3.1B	$2.5B	$2.8B	$3.3B	$3.4B	$3.5B	$3.5B
YoY change	+2.47%	+0.48%	+3.56%	+1.37%	-17.9%	+11.8%	+15.8%	+5.36%	+0.81%	+0.37%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.9B	2.9B	3B	3.1B	2.5B	2.8B	3.3B	3.4B	3.5B	3.5B
Cost of revenue	1.9B	1.9B	2B	2B	1.7B	1.8B	2.2B	2.3B	2.4B	2.3B
Gross profit	978M	1B	1B	1.1B	817.9M	973.1M	1.1B	1.1B	1.1B	1.1B
Gross margin	33.6%	34.8%	34.3%	34.6%	32.4%	34.5%	32.7%	32.1%	32%	33%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	143M	141.4M	143.8M	152.8M	147M	147.8M	157.4M	174.1M	207.1M	217.5M
Operating expenses	697.5M	704.7M	745.6M	779.3M	761.7M	824.1M	915.8M	971.9M	1B	1.1B
Operating income	280.5M	313.2M	293.6M	282.8M	56.2M	148.9M	153M	134.6M	72.8M	75.1M
Operating margin	9.63%	10.7%	9.69%	9.21%	2.23%	5.28%	4.68%	3.91%	2.1%	2.16%
Non-operating income, net	—	—	—	—	47.5M	217.7M	—	-14M	-27.6M	-16.9M
Pretax income	266.4M	298.9M	278.4M	266.4M	81.3M	310.6M	143.4M	103.6M	24.2M	37.7M
Income tax	77.1M	97M	30.8M	43M	-28.7M	56M	11.5M	4.6M	-16.7M	-8.7M
Net income	189.3M	201.9M	247.6M	223.4M	-32.5M	254.5M	131.9M	99M	40.9M	46.4M
Net margin	6.5%	6.9%	8.17%	7.27%	-1.29%	9.02%	4.04%	2.88%	1.18%	1.33%
EBITDA	358.7M	399.5M	387.3M	390.4M	174.3M	270.3M	269.3M	251.8M	197.2M	210.1M
EPS	7.91	8.4	10.3	9.29	-1.36	10.7	5.69	4.47	1.84	2.08
Diluted EPS	7.86	8.37	10.3	9.27	-1.36	10.7	5.67	4.45	1.83	2.06

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	836.7M	823.8M	935.4M	817.1M	894.4M	845.1M	949.4M	821.1M	868M	797.2M	874.8M	797.4M
Cost of revenue	562.4M	560M	638M	553.9M	607.3M	566.1M	636.2M	552.1M	581.3M	549.7M	608.4M	543.1M
Gross profit	274.3M	263.8M	297.4M	263.3M	287.1M	279M	313.3M	269.1M	286.7M	247.5M	266.4M	254.3M
Gross margin	32.8%	32%	31.8%	32.2%	32.1%	33%	33%	32.8%	33%	31%	30.5%	31.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	37.6M	48.7M	52.5M	54.5M	51.3M	59.6M	61.7M	46M	50.2M	48M	48M	49.4M
Operating expenses	232.9M	252.4M	266.6M	254.9M	264.9M	271.2M	281.7M	253.5M	266.5M	276.8M	265.6M	247.6M
Operating income	41.3M	11.4M	30.8M	8.4M	22.2M	7.8M	31.6M	15.6M	20.2M	-29.3M	881K	6.7M
Operating margin	4.94%	1.39%	3.29%	1.02%	2.48%	0.92%	3.33%	1.9%	2.32%	-3.68%	0.1%	0.84%
Non-operating income, net	-109K	—	—	-27.6M	0	-700K	-2.5M	-718K	-13M	-3.5M	-418K	47.4M
Pretax income	36.7M	6.5M	25.7M	-24.5M	16.5M	1.2M	24.1M	9.9M	2.5M	-36.5M	-3.6M	50.5M
Income tax	-755K	1M	-839K	-15.3M	-1.7M	-3.6M	1.9M	-2.7M	-4.3M	-11.9M	-4.9M	7.7M
Net income	37.5M	5.5M	26.5M	-9.2M	18.1M	4.8M	22.2M	12.6M	6.8M	-24.6M	1.3M	42.8M
Net margin	4.48%	0.66%	2.84%	-1.13%	2.03%	0.57%	2.34%	1.53%	0.78%	-3.09%	0.15%	5.37%
EBITDA	72.2M	41.3M	61.7M	39.9M	54.4M	40.1M	65M	49.7M	55.2M	4.1M	34.6M	40.9M
EPS	1.69	0.25	1.2	-0.41	0.82	0.22	1	0.56	0.3	-1.1	0.06	1.92
Diluted EPS	1.68	0.25	1.19	-0.41	0.81	0.22	0.99	0.56	0.3	-1.1	0.06	1.9

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.8B	3.7B	3.5B	4.2B	2.6B	3.2B	2.2B	2.1B	1B	1.4B	1.2B
Enterprise value	4B	4B	3.8B	4.5B	3.8B	4.2B	3.4B	3.2B	2.2B	2.5B	2.2B
Shares outstanding	23.9M	24M	24M	24M	23.9M	23.7M	23.2M	22.2M	22.2M	22.3M	22.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.9	18.5	14.2	18.7	—	12.7	16.7	20.9	24.8	29.7	37
P/S	1.29	1.28	1.16	1.36	1.05	1.14	0.67	0.6	0.29	0.4	0.35
P/B	7.16	6.86	6.05	6.9	6.3	4.86	4.31	4.27	2.31	2.99	2.49
EV/EBITDA	11.2	9.95	9.82	11.6	21.9	15.6	12.5	12.7	11.2	12	17.8
EV/Sales	1.38	1.36	1.25	1.48	1.52	1.49	1.03	0.93	0.64	0.72	0.65
Earnings yield	5.02%	5.4%	7.04%	5.35%	—	7.89%	5.99%	4.79%	4.02%	3.36%	2.7%
FCF yield	4.17%	5.63%	5.07%	5.38%	-5.17%	7.14%	4.85%	5.98%	4%	4.33%	3.63%
PEG	—	—	—	—	—	—	—	—	—	—	0.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33.6%	34.8%	34.3%	34.6%	32.4%	34.5%	32.7%	32.1%	32%	33%	31.9%
Operating margin	9.63%	10.7%	9.69%	9.21%	2.23%	5.28%	4.68%	3.91%	2.1%	2.16%	2.37%
Net margin	6.5%	6.9%	8.17%	7.27%	-1.29%	9.02%	4.04%	2.88%	1.18%	1.33%	0.95%
ROE	36%	37.1%	42.6%	36.9%	-7.76%	38.4%	25.8%	20.5%	9.3%	10%	6.74%
ROA	12.6%	13.3%	16.2%	14.1%	-1.28%	10.6%	5.75%	4.47%	1.89%	2.15%	-0.05%
ROIC	25.7%	27%	30.1%	24.5%	3.5%	7.42%	8.44%	7.93%	4.46%	4.69%	-0.1%
Return on tangible assets	12.6%	13.3%	16.2%	14.1%	-1.3%	10.9%	5.88%	4.58%	1.94%	2.19%	1.29%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.96	0.95	0.84	0.62	1.43	0.76	0.63	0.58	0.61	0.5	0.58
Quick ratio	0.55	0.54	0.41	0.22	1.12	0.46	0.21	0.19	0.21	0.21	0.19
Debt / equity	0.76	0.73	0.69	0.66	3.88	1.7	2.35	2.41	2.73	2.55	2.17
Debt / assets	0.27	0.26	0.26	0.25	0.64	0.47	0.52	0.52	0.56	0.55	0.52
Net debt / EBITDA	0.69	0.6	0.74	0.93	6.81	3.63	4.29	4.52	6.04	5.43	7.93
Interest coverage	20	21.9	19.4	17.2	4.64	6.53	15.9	7.09	2.16	2.84	1.8
Effective tax rate	28.9%	32.4%	11.1%	16.1%	0%	18%	8.02%	4.4%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	121.6	121.8	126.2	127.8	105.7	119.1	141.1	155.3	156.4	156.6	148.6
EPS (basic)	7.91	8.4	10.3	9.29	-1.36	10.7	5.69	4.47	1.84	2.08	2.08
EPS (diluted)	7.86	8.37	10.3	9.27	-1.36	10.7	5.67	4.45	1.83	2.06	1.4
Book value per share	22	22.7	24.2	25.2	17.5	28	22.1	21.8	19.8	20.7	20.8
FCF per share	6.57	8.75	7.43	9.34	-5.71	9.73	4.62	5.57	1.83	2.69	2.63
Cash per share	6.3	6.7	4.78	1.53	18.3	6.1	1.95	1.13	0.54	1.78	1.63
Capex per share	4.73	4.58	6.32	5.75	3.77	3.32	4.24	5.68	5.64	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.89%	3.76%	5.01%	4.5%	3.57%	2.78%	3.01%	3.66%	3.61%	—	—
Capex / operating cash flow	42.1%	34.4%	46.9%	39.1%	43.3%	15.6%	51.6%	47.6%	92.1%	—	—
Payout ratio	135%	97.5%	83.7%	86.6%	-291.1%	12.4%	87.1%	117.2%	283.6%	49.8%	71.4%
Dividend yield	6.78%	5.27%	5.89%	4.63%	3.59%	0.98%	5.21%	5.62%	11.4%	1.67%	1.86%

Yield

1.86%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jul 17, 2026

Payout ratio

71%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 17, 2026	$0.25
Apr 10, 2026	$0.25
Jan 16, 2026	$0.25

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$836.7M	$823.8M	$935.4M	$817.1M	$894.4M	$845.1M	$949.4M	$821.1M	$868M	$797.2M	$874.8M	$797.4M
YoY change	+0.76%	-1.87%	+0.16%	-1.87%	+6.89%	+2.58%	+1.5%	+0.49%	-2.95%	-5.67%	-7.86%	-2.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	151M	161M	114.7M	36.9M	437M	144.6M	45.1M	25.1M	12M	39.6M
Receivables	19.4M	18.1M	19.5M	22.8M	20.2M	27.4M	32.2M	30.4M	39.2M	35.1M
Inventory	152.3M	156.4M	156.3M	155M	139.1M	138.3M	213.2M	189.4M	181M	180.6M
Total current assets	355.7M	358.9M	306.8M	242.4M	643M	353.6M	317.3M	282.3M	278.2M	313.1M
Property, plant & equipment	838.6M	864.7M	946.2M	1B	1.7B	2B	1.1B	1.1B	987.1M	924.4M
Goodwill & intangibles	—	—	—	0	51.3M	52M	51.8M	56.2M	48.9M	48.7M
Total assets	1.5B	1.5B	1.5B	1.6B	2.5B	2.4B	2.3B	2.2B	2.2B	2.2B
Accounts payable	132.5M	118.4M	122.3M	132.2M	103.5M	135.2M	169.9M	165.5M	162.3M	169.8M
Short-term debt	—	—	—	—	81.7M	50.6M	54.7M	46.4M	49.9M	200.1M
Total current liabilities	368.8M	375.8M	364.6M	392.5M	451.1M	465.3M	502.3M	489M	454.2M	625.6M
Long-term debt	400M	400M	400M	400M	1.5B	1.1B	1.1B	1.1B	1.2B	979.5M
Total liabilities	971.2M	977.4M	945.6M	976.5M	2.1B	1.7B	1.8B	1.7B	1.7B	1.7B
Shareholders' equity	526.4M	544.5M	581.8M	604.7M	418.4M	663.6M	511.5M	483.8M	440.1M	461.7M
Total debt	400M	400M	400M	400M	1.6B	1.1B	1.2B	1.2B	1.2B	1.2B
Net debt	249M	239M	285.3M	363.1M	1.2B	981.5M	1.2B	1.1B	1.2B	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	25.1M	13.9M	12.6M	11.9M	12M	11.5M	10.3M	9.8M	39.6M	8.9M	8.6M	26.1M
Receivables	30.4M	32.2M	41.5M	34.8M	39.2M	39.9M	38M	37.4M	35.1M	31.3M	35.4M	34.7M
Inventory	189.4M	207.3M	172.7M	175.3M	181M	201.9M	173M	168.7M	180.6M	209.1M	180.3M	179.9M
Total current assets	282.3M	287.7M	267.8M	279M	278.2M	310.4M	280.3M	276.8M	313.1M	305.6M	283.7M	290.6M
Property, plant & equipment	1.1B	1.9B	1.8B	1.8B	987.1M	1.8B	1.8B	1.8B	924.4M	1.8B	1.7B	1.7B
Goodwill & intangibles	56.2M	58.4M	58.4M	49M	48.9M	48.8M	48.8M	48.7M	48.7M	48.7M	48.6M	48.6M
Total assets	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.1B	2.1B	2.2B	2.2B	2.1B	2.1B
Accounts payable	165.5M	143.3M	136.4M	137.7M	162.3M	159.6M	143.2M	121.1M	169.8M	157.4M	126.3M	131M
Short-term debt	46.4M	—	—	—	49.9M	—	—	—	200.1M	149.4M	149.6M	149.8M
Total current liabilities	489M	461.9M	458.8M	446.2M	454.2M	448.1M	454.2M	423M	625.6M	593.9M	581M	580.1M
Long-term debt	1.1B	1.2B	1.1B	1.2B	1.2B	1.2B	1.1B	1.1B	979.5M	1B	1B	944.8M
Total liabilities	1.7B	1.8B	1.7B	1.7B	1.7B	1.8B	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B
Shareholders' equity	483.8M	460.3M	462M	426.6M	440.1M	440.7M	460.9M	469.3M	461.7M	428.8M	425.8M	465.5M
Total debt	1.2B	1.2B	1.1B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.2B	1.1B
Net debt	1.1B	1.2B	1.1B	1.1B	1.2B	1.2B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	189.3M	201.9M	247.6M	223.4M	-32.5M	254.5M	131.9M	99M	40.9M	46.4M
Depreciation & amortization	78.2M	86.3M	93.7M	107.5M	118.2M	121.3M	116.3M	117.2M	124.5M	135M
Stock-based compensation	13.2M	8.5M	7M	8.2M	6.4M	8.7M	8.2M	9M	10.3M	11.7M
Change in working capital	-12M	23.3M	-24.6M	14.3M	-90M	61M	-126.4M	-22.2M	-101M	-59.9M
Operating cash flow	268.8M	319.9M	323.7M	353.4M	207.9M	502.2M	190.2M	264.6M	136M	218.9M
Capital expenditure	-113.2M	-110.1M	-151.8M	-138.1M	-90.1M	78.6M	-98.2M	-125.9M	-125.2M	—
Investing cash flow	-112.5M	-109.6M	-151.2M	-241.6M	-157.2M	78.3M	-98.5M	-124.3M	-124.3M	497K
Dividends paid	-255.5M	-196.9M	-207.2M	-193.5M	-94.5M	-31.7M	-114.8M	-116.1M	-116.1M	-23.1M
Share repurchases	-14.7M	0	-14.8M	0	-55M	-35M	-131.5M	-17.4M	0	0
Financing cash flow	-267.6M	-194.2M	-221.9M	-199M	396.3M	-704.3M	-206.2M	-146.1M	-57.8M	-34.6M
Net change in cash	-111.3M	16.1M	-49.5M	-87.2M	447.1M	-123.8M	-114.5M	-5.8M	-46.1M	184.8M
Free cash flow	157.4M	210.2M	178.4M	224.5M	-136.3M	230.5M	106.9M	123.5M	40.7M	59.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	37.5M	5.5M	26.5M	-9.2M	18.1M	4.8M	22.2M	12.6M	6.8M	-24.6M	1.3M	42.8M
Depreciation & amortization	30.9M	29.9M	30.9M	31.5M	32.2M	32.3M	33.4M	34.2M	35M	33.4M	33.7M	34.2M
Stock-based compensation	1.5M	1.6M	4.6M	2.9M	1.1M	2.6M	3.9M	1.6M	3.7M	-921K	1.6M	2.5M
Change in working capital	14.2M	-70M	11.4M	-26M	11.3M	-62.6M	2.6M	-43.6M	26.4M	-54.3M	-28.7M	-1.6M
Operating cash flow	99.4M	-17.4M	88.9M	14.6M	77.7M	-7.4M	78M	20.3M	102.2M	-53.4M	51.3M	94.7M
Capital expenditure	-38.5M	-24.7M	-26.7M	-29.3M	-44.5M	-38.8M	-37.4M	-35.7M	—	—	—	—
Investing cash flow	-37.7M	-24.6M	-26.4M	-29M	-44.4M	-38.8M	-37.3M	-35.3M	39K	1.3M	207K	651K
Dividends paid	-28.7M	-29.3M	-29M	-28.9M	-28.9M	-6.1M	-5.8M	-5.6M	-5.6M	-6.3M	-5.7M	-5.6M
Share repurchases	0	0	0	0	0	—	—	—	—	—	—	—
Financing cash flow	-58.9M	29.2M	-52.6M	-9.4M	-25M	42.6M	-61.9M	11.8M	-27.1M	56.8M	-25.2M	-51.1M
Net change in cash	2.9M	-12.9M	9.9M	-23.7M	8.3M	-3.5M	-21.3M	-3.3M	75.2M	4.7M	26.3M	44.2M
Free cash flow	59.9M	-40.5M	50.9M	8.2M	22.1M	-43.3M	60M	-13.6M	56.8M	-88.9M	24.5M	66.9M

Date	Ratio
Mar 22, 1993	3:2
Mar 23, 1992	3:2
Mar 25, 1991	3:2
Apr 3, 1990	3:2
Feb 14, 1989	3:2
Mar 27, 1987	3:2
Jul 1, 1983	3:2

Cracker Barrel Old Country Store, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history