After a controversy-filled yr, Cracker Barrel Outdated Nation Retailer is getting a big inventory market increase on Wednesday following a optimistic earnings report for its 2026 fiscal third quarter.
As of noon buying and selling on Wednesday, shares had been surging practically 30%, hitting ranges not seen since September 2025.
The Southern country-themed restaurant chain reported a complete income lower of two.9%, hitting $797.4 million. Nevertheless, this topped a Wall Road consensus estimate of $776.7 million, as cited by Barron’s.
Comparable retailer restaurant gross sales decreased 2.6%, and comparable retailer retail gross sales decreased 1.8%. Internet earnings reached $42.8 million, tripling final yr’s quantity.
Whereas analysts anticipated seeing a loss per share, Cracker Barrel really noticed a revenue. Usually accepted accounting rules (GAAP) earnings per diluted share had been $1.90. The adjusted earnings per diluted share had been 29 cents.
Maybe most fun to buyers, Cracker Barrel elevated its outlook for fiscal 2026, saying it now expects income of as much as $3.3 billion, versus an earlier estimate of as much as $3.27 billion.
The outcomes are noteworthy after a troublesome yr.
In August 2025, Cracker Barrel received significant backlash over an tried rebrand. It introduced that its traditional emblem—that includes an “Outdated Timer” sitting in a chair and leaning in opposition to a barrel—would change to a extra modern-looking image with solely the model title.
Following the backlash and protracted calls (pushed by conservative influencers) for the model to embrace its nostalgic roots, the brand new emblem was scrapped after a few week.
Tuesday’s earnings report might point out that Cracker Barrel has lastly put the incident behind it. With in the present day’s enhance in shares, Cracker Barrel inventory (Nasdaq: CBRL) is up greater than 67% yr thus far.
