Key Highlights

  • Cracker Barrel declared a quarterly dividend of $0.25 per share, payable November 12, 2026, to holders of record October 16.
  • Fiscal 2026 revenue was $3.319 billion, down from $3.484 billion, with GAAP net income of $31.7 million.
  • Fiscal 2027 guidance is revenue of $3.325 billion to $3.4 billion and adjusted EBITDA of $180 million to $200 million.
  • David Deno was appointed chief executive officer effective August 10, 2026, and Maple Street Biscuit Company was divested.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend of $0.25 per share, payable on November 12, 2026, to shareholders of record on October 16. The announcement came in the company’s fiscal 2026 results, which reported net cash from operating activities of $206.2 million and common dividends paid of $23.149 million for the year ended July 31, 2026.

Dividend Program and Shareholder Returns

The board declared a quarterly dividend of $0.25 per share of common stock. It is payable on November 12, 2026, to shareholders of record as of October 16, 2026, which is also the ex-dividend date.

The company’s fiscal 2026 cash flow statement shows dividends on common stock of $23.149 million for the twelve months ended July 31, 2026. The company ended the fiscal year with total debt of $337.2 million.

The fiscal 2027 outlook includes capital expenditures of $110 million to $125 million.

About the Company

Cracker Barrel Old Country Store, Inc. is principally engaged in the operation and development of the Cracker Barrel Old Country Store concept. Founded in 1969 and headquartered in Lebanon, Tennessee, it operated 655 Cracker Barrel stores in 43 states as of September 11, 2026. Its shares trade on Nasdaq.

Financial Performance Behind the Payout

Fourth-quarter revenue was $849.3 million, down 2.2% from the prior-year quarter. GAAP net income was $12.2 million, or $0.54 per diluted share, compared with $6.8 million, or $0.30 per diluted share. Comparable store restaurant sales decreased 2.1%, and comparable store retail sales increased 0.7%.

For fiscal 2026, revenue was $3.319 billion, compared with $3.484 billion. GAAP net income was $31.7 million, or $1.40 per diluted share, compared with $46.4 million, or $2.06. Adjusted net income, a non-GAAP measure, was $18.0 million, or $0.80 per diluted share, compared with $70.9 million, or $3.16.

Net cash from operating activities for the year was $206.2 million.

A Year of Portfolio Changes and a New Chief Executive

Several one-time items shaped fiscal 2026. The company recorded a benefit of approximately $47 million related to a litigation settlement in the third quarter. On July 20, 2026, it divested Maple Street Biscuit Company, selling 35 locations and closing the remaining 16, and recorded a fourth-quarter loss on the sale of business assets of $27.0 million.

Cracker Barrel also completed a sale-leaseback transaction covering 26 company-owned stores, with net proceeds of approximately $77 million that went toward debt reduction.

David Deno was appointed chief executive officer, effective August 10, 2026.

Outlook

Cracker Barrel’s fiscal 2027 guidance is total revenue of $3.325 billion to $3.4 billion, including comparable store restaurant sales growth of 3% to 5%. Adjusted EBITDA, a non-GAAP measure, is guided at $180 million to $200 million, and capital expenditures at $110 million to $125 million. The outlook includes commodity inflation of approximately 3.0% and hourly wage inflation of 2.5% to 3.0%, and no new store openings are planned.

Comparable store sales, operating cash flow, total debt and capital expenditures are the relevant factors for the dividend. The board declares each quarterly dividend separately.