Cracker Barrel OLD Country Store (CBRL) Q4 FY2026 earnings: revenue $849 million, down 2.2% on the year

Cracker Barrel OLD Country Store, Inc. (CBRL) reported revenue of $849 million for Q4 FY2026, the quarter ended 31 July 2026, down 2.2% on the same quarter a year earlier. Net income was $12 million, up 80.7% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-K it filed with the SEC on 25 September 2026.

Revenue$849 milliondown 2.2%

Net income$12 millionup 80.7%

Diluted EPS$0.54

QuarterQ4 FY2026ended 31 July 2026

What management said

Guidance figures: 5 new.

Gross margin improved significantly: Cost of goods sold as percentage of revenue declined to 28.8% in Q4 from 30.5% in prior year quarter, demonstrating improved commodity cost management and pricing realization.
Total debt reduced substantially: Total debt declined from $484.6 million at end of fiscal 2025 to $337.2 million at end of fiscal 2026, representing 30% reduction. Debt composition shifted to only 1.75% convertible senior notes due 2030 with no revolver borrowings.
Sale-leaseback executed successfully: Q4 sale-leaseback transaction of 26 company-owned Cracker Barrel locations generated approximately $77 million in proceeds, which were deployed to debt reduction. Transaction was tax-efficient utilizing expiring capital loss carryforwards.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Revenue	849	797	868	-2.2%
Cost of revenue	244	241	265	-7.9%
Gross profit	605	556	603	+0.4%
Gross margin	71.2%	69.8%	69.5%
Operating income	13.1	6.7	4.0	+230.4%
Operating margin	1.5%	0.8%	0.5%
Pre-tax income	10.2	50.5	2.5	+314.4%
Income tax	-2.0	7.7	-4.3	n/a
Effective tax rate	-19.8%	15.2%	-174.7%
Net income	12.2	42.8	6.8	+80.7%
Net margin	1.4%	5.4%	0.8%
Diluted EPS	$0.54	$1.90	$0.30	+80.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Operating cash flow	114	94.7	102	+11.2%
Capital expenditure	27.7	27.8	45.5	-39.1%
Free cash flow	86.0	66.9	56.8	+51.5%
Free cash flow margin	10.1%	8.4%	6.5%
Cash from investing	52.4	-26.1	-45.3	n/a
Cash from financing	-156	-51.1	-27.1	n/a
Depreciation and amortisation	31.3	31.0	31.9	-1.6%
Share-based compensation	6.3	2.5	3.7	+69.9%
Dividends paid	5.6	5.6	5.6	+0.0%
Dividend per share	n/a	$0.25	n/a	n/a
Diluted shares, weighted	23m	23m	23m	+0.4%
Shares outstanding at period end	22m	22m	22m	+0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Shareholders' equity	478	465	462	+3.6%
Debt	337	337	335	+0.5%
Operating lease liabilities	650	608	644	+1.0%
Other liabilities	557	678	721	-22.7%
Total liabilities and equity	2,022	2,088	2,162	-6.5%
Fixed assets	886	956	967	-8.4%
Intangible assets	3.4	24.3	24.4	-86.2%
Cash and equivalents	36.5	26.1	39.6	-7.8%
Receivables	36.9	34.7	35.1	+5.3%
Inventory	164	180	181	-9.3%
Other assets	896	867	915	-2.1%
Total assets	2,022	2,088	2,162	-6.5%

Questions

What was Cracker Barrel OLD Country Store's revenue in Q4 FY2026?

Cracker Barrel OLD Country Store (CBRL) reported revenue of $849 million for Q4 FY2026, the quarter ended 31 July 2026, down 2.2% on the same quarter a year earlier.

How much did Cracker Barrel OLD Country Store earn in Q4 FY2026?

Net income for Q4 FY2026 was $12 million, up 80.7% on the year, and diluted earnings per share $0.54.

When did Cracker Barrel OLD Country Store report Q4 FY2026 results?

Cracker Barrel OLD Country Store filed its 10-K for the year that ended with the quarter on 25 September 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	824	935	817	894	845	949	821	868	797	875	797	849
Cost of revenue	256	315	245	272	259	310	247	265	248	293	241	244
Gross profit	568	621	572	622	586	640	574	603	549	582	556	605
Gross margin	69%	66%	70%	70%	69%	67%	70%	69%	69%	67%	70%	71%
Operating income	11.4	30.8	-19.3	22.2	7.1	29.1	14.9	4.0	-32.8	0.5	6.7	13.1
Operating margin	1%	3%	-2%	2%	1%	3%	2%	0%	-4%	0%	1%	2%
Pre-tax income	n/a	n/a	n/a	n/a	1.2	24.1	9.9	2.5	-36.5	-3.6	50.5	10.2
Tax rate	n/a	n/a	n/a	n/a	-288%	8%	-27%	-175%	n/a	n/a	15%	-20%
Net income	5.5	26.5	-9.2	18.1	4.8	22.2	12.6	6.8	-24.6	1.3	42.8	12.2
Net margin	1%	3%	-1%	2%	1%	2%	2%	1%	-3%	0%	5%	1%
Diluted EPS	$0.25	$1.19	-$0.41	$0.81	$0.22	$0.99	$0.56	$0.30	-$1.10	$0.06	$1.90	$0.54
Operating cash flow	-15.8	77.7	37.6	69.5	-4.4	98.1	23.0	102	-53.4	51.3	94.7	114
Capital expenditure	24.7	26.7	29.4	47.5	39.0	38.1	36.6	45.5	35.5	26.8	27.8	27.7
Free cash flow	-40.5	50.9	8.2	22.1	-43.3	60.0	-13.6	56.8	-88.9	24.5	66.9	86.0
Buybacks	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	29.3	29.0	28.9	28.9	6.1	5.8	5.6	5.6	6.3	5.7	5.6	5.6
Shares outstanding	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 July 2026, filed 25 September 2026, accession 0001104659-26-110772: the filing on EDGAR. All of Cracker Barrel OLD Country Store, Inc.'s filings: EDGAR company page.

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