Cracker Barrel Reports Second Quarter Fiscal 2025 Results and Increases Guidance

Company now expects fiscal 2025 adjusted EBITDA1 of $210 million to $220 million

Second Quarter Fiscal 2025 Highlights

• Second quarter total revenue was $949.4 million. Compared to the prior year second quarter, total revenue increased 1.5%.
  • Comparable store restaurant sales increased 4.7% over the prior year quarter, and comparable store retail sales increased 0.2%.
• GAAP earnings per diluted share were $0.99, and adjusted1 earnings per diluted share were $1.38.
• GAAP net income for the second quarter was $22.2 million, a 16.3% decrease compared to the prior year quarter GAAP net income of $26.5 million. Adjusted EBITDA1 was $74.6 million, a 19.6% increase compared to the prior year quarter adjusted EBITDA1 of $62.4 million.

Commenting on the second quarter results, Cracker Barrel President and Chief Executive Officer Julie Masino said, "Outstanding execution by our teams, coupled with our actions to improve the profitability of our off-premise channels during the high-volume holiday season, delivered strong second quarter results that exceeded our expectations. Despite some recent industry-wide softness, these results, together with the continued improvements in key guest and operational metrics and the initiatives we have planned for our important fourth quarter, make us confident in raising our financial outlook for the remainder of the year."

Click HERE to read the full release.