CRACKER BARREL REPORTS THIRD QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK

Company increases revenue and adjusted EBITDA 1,2 guidance LEBANON, Tenn. , June 9, 2026 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2026 ended May 1, 2026. Cracker Barrel President and Chief Executive Officer Julie Masino said, "Our initiatives to improve operations, deepen guest connection, and enhance profitability continue to gain traction, with strong execution from our teams driving third quarter results that exceeded expectations. We remain focused on serving delicious food and delivering experiences guests love and believe we are well-positioned to sustain this new momentum." Third Quarter Fiscal 2026 Highlights Total revenue was $797.4 million. Compared to the prior year quarter, total revenue decreased 2.9%. Compared to the prior year quarter, comparable store restaurant sales decreased 2.6%, and comparable store retail sales decreased 1.8%. GAAP earnings per diluted share were $1.90, and adjusted 1 earnings per diluted share were $0.29. GAAP net income was $42.8 million compared to the prior year quarter GAAP net income of $12.6 million. The current year GAAP net income results include a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation. Adjusted EBITDA 1 was $40.3 million compared to the prior year quarter adjusted EBITDA 1 of $48.1 million. Third Quarter Ended (In thousands, except per share amounts) 5/1/26 5/2/25 Revenue $797,367 $821,147 GAAP net income $42,811 $12,574 Adjusted net income 1 $6,533 $13,123 Adjusted EBITDA 1 $40,305 $48,117 GAAP earnings per share – diluted $1.90 $0.56 Adjusted 1 earnings per share – diluted $0.29 $0.58 Balance Sheet & Capital Allocation During the third quarter, the Company received $47.4 million, net of legal fees, pursuant to a settlement agree