Cracker Barrel Old Country Store, Inc. has reported its financial results for the fourth quarter and full year fiscal 2025, ended August 1, 2025. The company's president and CEO, Julie Masino, expressed gratitude to the guests for their feedback, which has led to strategic changes such as reverting to the "old timer" logo, pausing remodels, and emphasizing improvements in the kitchen and guest experience.
In the fourth quarter of fiscal 2025, total revenue was $868.0 million, representing a 2.9% decrease compared to the previous year, excluding the benefit related to the 53rd week in the prior fiscal year. Adjusting for this impact, the current year quarter revenue increased by 4.4%. Comparable store restaurant sales increased by 5.4%, while comparable store retail sales decreased by 0.8%.
The GAAP earnings per diluted share were $0.30, and adjusted earnings per diluted share were $0.74. GAAP net income for the quarter was $6.8 million, down 46.6% from the prior year quarter. Adjusted EBITDA was $55.7 million, an 8.0% increase from the prior year quarter when adjusting for the impact of the 53rd week.
For the full fiscal year 2025, total revenue was $3.48 billion, reflecting a 0.4% increase compared to the previous year, excluding the benefit related to the 53rd week. Adjusting for this impact, the current year revenue increased by 2.2%. GAAP net income for the year was $46.4 million, reflecting a 30.9% increase from the prior year when adjusting for the impact of the 53rd week. Adjusted EBITDA for the year was $224.3 million, showing a 9.0% increase when adjusting for the impact of the 53rd week.
The company invested $158.6 million in capital expenditures during fiscal 2025, with a focus on store maintenance, remodels, technology, and new stores. The company also completed the issuance and sale of $345 million aggregate principal amount of 1.75% convertible senior notes due in 2030 during the fourth quarter of fiscal 2025.
Looking ahead to fiscal 2026, the company provided an outlook that includes total revenue of $3.35 billion to $3.45 billion, adjusted EBITDA of $150 million to $190 million, commodity inflation of 2.5% to 3.5%, hourly wage inflation of 3.0% to 4.0%, and capital expenditures of $135 million to $150 million, among other factors.
The company ended fiscal 2025 with a consolidated total leverage ratio of 2.0x and available liquidity of $555.6 million. Additionally, the board of directors declared a quarterly dividend of $0.25 per share of the company’s common stock and authorized a new share repurchase program of up to $100 million of its outstanding common stock.
Following these announcements, the company's shares moved -3.16%, and are now trading at a price of $49.59. Check out the company's full 8-K submission here.
