Cracker Barrel Old Country Store shares rise sharply after the company reports results for its 2026 fiscal third quarter and lifts its outlook for the year. In Wednesday trading, the stock is up sharply—nearly 30% in one report—after earnings that include a turnaround to profitability. The company reports total revenue of $797.4 million, which declines year over year but tops the consensus estimate cited by Barron’s. Comparable store restaurant sales and comparable store retail sales both fall, while net income reaches $42.8 million, tripling from the prior year. Cracker Barrel also reports GAAP earnings of $1.90 per diluted share, versus expectations of a loss per share, alongside adjusted earnings of 29 cents per diluted share. The company increases its fiscal 2026 revenue outlook to as much as $3.30 billion, up from a prior estimate of as much as $3.27 billion. The stock movement comes after a logo-related backlash in 2025, when the company attempted to modernize its classic logo, drew criticism from conservatives, and later abandoned the change after about a week. One outlet links the surge to investor perception that the logo issue is fading.
Cracker Barrel shares jump after upbeat 2026 outlook, following prior logo controversy
Cracker Barrel Old Country Store shares rise sharply after the company reports results for its 2026 fiscal third quarter and lifts its outlook for the year. In Wednesday trading, the stock is up sharp...
- Cracker Barrel reports 2026 fiscal third-quarter results with revenue of $797.4 million, slightly above Wall Street’s consensus estimate.
- The company reports profitability for the quarter, with GAAP earnings per diluted share of $1.90 and adjusted earnings per diluted share of 29 cents.
- Cracker Barrel increases its fiscal 2026 revenue outlook to as much as $3.30 billion (from $3.27 billion).
- Shares surge in Wednesday trading, with gains reported around the high-20% range.
- The recent market move follows earlier backlash over a proposed logo change in 2025, which the company reversed after public criticism.
Visits to Cracker Barrel stores had taken a hit right after the company drew criticism from conservatives, including President Trump, for its decision to change its decades-old logo of "Uncle Herschel."
9 hours agoAfter a controversy-filled year, Cracker Barrel Old Country Store is getting a significant stock market boost on Wednesday following a positive earnings report for its 2026 fiscal third quarter. As of midday trading on Wednesday, shares were surging nearly 30%, hitting levels not seen since September 2025. The Southern country-themed restaurant chain reported a total revenue decrease of 2.9%, hitting $797.4 million. However, this topped a Wall Street consensus estimate of $776.7 million, as cited by Barron’s. Comparable store restaurant sales decreased 2.6%, and comparable store retail sales decreased 1.8%. Net income reached $42.8 million, tripling last year’s amount. While analysts anticipated seeing a loss per share, Cracker Barrel actually saw a profit. Generally accepted accounting principles (GAAP) earnings per diluted share were $1.90. The adjusted earnings per diluted share were 29 cents. Perhaps most exciting to investors, Cracker Barrel increased its outlook for fiscal 2026, saying it now expects revenue of up to $3.30 billion, versus an earlier estimate of up to $3.27 billion. The results are noteworthy after a tough year. In August 2025, Cracker Barrel received significant backlash over an attempted rebrand. It announced that its classic logo—featuring an “Old Timer” sitting in a chair leaning against a barrel—would change to a more modern-looking symbol with only the brand name. Following the backlash and protracted calls (driven by conservative influencers) for the brand to embrace its nostalgic roots, the new logo was scrapped after about a week. Tuesday’s earnings report may indicate that Cracker Barrel has finally put the incident behind it. With today’s increase in shares, Cracker Barrel stock (Nasdaq: CBRL) is up more than 67% year to date.
12 hours ago
Commvault (CVLT) faces multiple securities class actions over alleged disclosure violations
Commvault Systems, Inc. (NASDAQ: CVLT) is facing securities class action lawsuits filed on behalf of investors. Multiple...
PureCycle announces $395M capital raise through stock and convertible note offerings
PureCycle announces a $395 million capital raise, combining new stock issuance and debt securities (including notes), ac...
SpaceX IPO to create thousands of employee millionaires ahead of Nasdaq trading
Multiple reports say SpaceX’s planned initial public offering (IPO) is expected to create thousands of employee milliona...