The earnings call reflected strong revenue growth and enhanced profitability, driven by successful strategic initiatives and operational improvements. However, challenges such as retail revenue decline, negative traffic trends, and external macroeconomic pressures were noted. Despite these challenges, the company's confidence in its transformation strategy and ability to raise guidance for fiscal 2025 suggests a generally positive outlook.

Company Guidance

During the Cracker Barrel's second-quarter fiscal 2025 results call, the company reported total revenue of $949.4 million, with a comparable store restaurant sales growth of 4.7% and adjusted EBITDA of $74.6 million. The quarter saw a strategic focus on improving profitability, particularly in the catering and heat and serve channels, which contributed to the EBITDA exceeding expectations. This strong performance led to an increase in fiscal year 2025 EBITDA guidance. The company reported a 2.7% increase in restaurant revenue to $750.5 million, while retail revenue decreased by 2.8% to $199 million. Key metrics included a 6% increase in pricing, with off-premise sales comprising 23.2% of restaurant sales. Cost of goods sold decreased to 32.6% of total revenue, driven by menu pricing and reduced commodity inflation, while labor expenses improved by 70 basis points when adjusted for prior-year benefits. The company expects total fiscal 2025 revenue between $3.45 billion and $3.5 billion, with adjusted EBITDA projected between $210 million and $220 million.

Strong Revenue Growth

Second quarter total revenue reached $949.4 million, with a 2.7% increase in restaurant revenue to $750.5 million and a 4.7% growth in comparable store restaurant sales.

Improvement in Profitability

Adjusted EBITDA was $74.6 million or 7.9% of total revenue, compared to $62.4 million or 6.7% in the prior year quarter. This improvement was largely driven by off-premise and catering channels.

Positive Comparable Retail Sales

The company reported positive comparable store retail sales for the first time since the second quarter of fiscal 2023.

Operational and Guest Metrics Improvement

Key operational and guest metrics saw year-over-year improvements, including a 19 percentage point improvement in turnover and a 7% increase in value scores.

Strategic Transformation Progress

The company is making progress on its strategic transformation, with positive impacts from menu innovations and marketing efforts.

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Cracker Barrel (CBRL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CBRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 10, 2025	2025 (Q3)	0.26 / -	0.88	―	―	―
Mar 06, 2025	2025 (Q2)	1.08 / 1.38	1.37	0.73% (<+0.01)	―
Dec 04, 2024	2025 (Q1)	0.37 / 0.45	0.51	-11.76% (-0.06)	―
Sep 19, 2024	2024 (Q4)	1.10 / 0.98	1.79	-45.25% (-0.81)	―
May 30, 2024	2024 (Q3)	0.66 / 0.88	1.21	-27.27% (-0.33)	―
Feb 27, 2024	2024 (Q2)	1.36 / 1.37	1.48	-7.43% (-0.11)	―
Nov 30, 2023	2024 (Q1)	0.74 / 0.51	0.99	-48.48% (-0.48)	―
Sep 13, 2023	2023 (Q4)	1.61 / 1.79	1.57	14.01% (+0.22)	―
Jun 06, 2023	2023 (Q3)	1.34 / 1.21	1.188	1.85% (+0.02)	―
Feb 28, 2023	2023 (Q2)	1.36 / 1.48	1.71	-13.45% (-0.23)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CBRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 06, 2025	$40.29	$43.34	+7.57%
Dec 04, 2024	$55.46	$54.49	-1.75%
Sep 19, 2024	$41.17	$40.72	-1.09%
May 30, 2024	$44.68	$47.40	+6.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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