A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
CRACKER BARREL OLD COUNTRY STORE, INC
CBRL
$1.2B
Mkt Cap
$53.71
+3.65%
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a 5-year average return on invested capital (ROIC) of 15.0%. This indicates strong capital allocation and a potential competitive advantage.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) pays a dividend with a trailing twelve-month yield of 1.93%.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a net profit margin of 1.3%. This is a modest margin.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) generated $60 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ITEM 1. BUSINESS Cracker Barrel Old Country Store, Inc. is principally engaged in the operation and development of the Cracker Barrel Old Country Store® concept (“Cracker Barrel”). Originally founded in 1969, we are headquartered in Lebanon, Tennessee and are organized under the laws of the State of Tennessee. We maintain a website at crackerbarrel.com. We make available free of charge through our website our periodic and other reports filed with or furnished to the SEC pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as soon as reasonably practicable after we file such material with, or furnish it to, the SEC. Information on our website is not deemed to be incorporated by reference into this Annual Report on Form 10-K or any other filings that we make from time to time with the SEC. As of September 12, 2025, we operated 657 Cracker Barrel stores in 43 states and 68 Maple Street Biscuit Company stores in 10 states.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.4B | 3.5B | 3.5B | 3.4B | 3.3B | 2.8B |
| Net Income | -4.0M | 46M | 41M | 99M | 132M | 255M |
| EPS | $-0.18 | $2.06 | $1.83 | $4.45 | $5.67 | $10.71 |
| Free Cash Flow | -21M | 60M | 41M | 123M | 107M | 230M |
| ROIC | -1.1% | 6.1% | 5.1% | 13.1% | 16.2% | 34.6% |
| Gross Margin | - | 69.0% | 68.7% | 67.2% | 67.9% | 69.3% |
| Debt/Equity | 1.25 | 1.05 | 1.08 | 0.86 | 0.83 | 0.49 |
| Dividends/Share | $1.04 | $1.00 | $4.15 | $5.20 | $5.20 | $1.00 |
| Operating Income | -13M | 55M | 45M | 121M | 153M | 367M |
| Operating Margin | -0.4% | 1.6% | 1.3% | 3.5% | 4.7% | 13.0% |
| ROE | -0.9% | 10.3% | 8.9% | 19.9% | 22.4% | 47.0% |
| Shares Outstanding | 22M | 23M | 22M | 22M | 23M | 24M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.7B | 2.8B | 2.9B | 2.9B | 3.0B | 3.1B | 2.5B | 2.8B | 3.3B | 3.4B | 3.5B | 3.5B | 3.4B |
| Gross Margin | 67.5% | 67.5% | 68.1% | 69.5% | 69.1% | 69.7% | 69.1% | 69.3% | 67.9% | 67.2% | 68.7% | 69.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 129M | 148M | 143M | 141M | 144M | 153M | 147M | 148M | 157M | 174M | 207M | 218M | 192M |
| EBIT | 208M | 255M | 280M | 313M | 294M | 283M | 104M | 367M | 153M | 121M | 45M | 55M | -13M |
| Op. Margin | 7.8% | 9.0% | 9.6% | 10.7% | 9.7% | 9.2% | 4.1% | 13.0% | 4.7% | 3.5% | 1.3% | 1.6% | -0.4% |
| Net Income | 132M | 164M | 189M | 202M | 248M | 223M | -32M | 255M | 132M | 99M | 41M | 46M | -4.0M |
| Net Margin | 4.9% | 5.8% | 6.5% | 6.9% | 8.2% | 7.3% | -1.3% | 9.0% | 4.0% | 2.9% | 1.2% | 1.3% | -0.1% |
| Non-Recurring | -5.2M | -6.9M | -7.1M | -5.6M | -7.1M | -10M | 17M | -4.1M | -5.6M | 5.1M | -4.5M | 9.8M | 9.8M |
| Returns on Capital | |||||||||||||
| ROIC | 18.4% | 24.1% | 27.5% | 27.1% | 31.6% | 25.9% | 10.9% | 34.6% | 16.2% | 13.1% | 5.1% | 6.1% | -1.1% |
| ROE | 26.1% | 30.7% | 35.6% | 37.7% | 44.0% | 37.7% | -6.3% | 47.0% | 22.4% | 19.9% | 8.9% | 10.3% | -0.9% |
| ROA | 9.4% | 10.9% | 12.3% | 13.4% | 16.2% | 14.4% | -1.6% | 10.3% | 5.6% | 4.4% | 1.9% | 2.1% | -0.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 178M | 334M | 271M | 321M | 331M | 363M | 161M | 302M | 205M | 250M | 169M | 219M | 123M |
| Free Cash Flow | 86M | 243M | 157M | 210M | 178M | 225M | -136M | 230M | 107M | 123M | 41M | 60M | -21M |
| Owner Earnings | 101M | 245M | 180M | 226M | 230M | 247M | 36M | 185M | 93M | 137M | 47M | 85M | -6.4M |
| CapEx | 92M | 91M | 114M | 111M | 152M | 138M | 297M | 71M | 98M | 127M | 128M | 159M | 144M |
| Maint. CapEx | 68M | 73M | 78M | 86M | 94M | 108M | 118M | 109M | 104M | 104M | 112M | 122M | 124M |
| Growth CapEx | 23M | 18M | 36M | 24M | 59M | 31M | 179M | 0 | 0 | 23M | 17M | 37M | 21M |
| D&A | 68M | 73M | 78M | 86M | 94M | 108M | 118M | 109M | 104M | 104M | 112M | 122M | 124M |
| CapEx/OCF | 51.6% | 27.2% | 42.0% | 34.5% | 46.0% | 38.1% | 184.7% | 23.7% | 47.9% | 50.7% | 75.9% | 72.7% | 117.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 71M | 96M | 256M | 197M | 207M | 193M | 95M | 32M | 115M | 116M | 116M | 23M | 23M |
| Dividend Yield | 4.9% | 5.0% | 11.2% | 7.6% | 7.5% | 6.5% | 3.7% | 1.1% | 4.8% | 5.7% | 8.4% | 2.1% | 1.9% |
| Share Buybacks | 12M | 0 | 15M | 0 | 15M | 0 | 55M | 35M | 132M | 17M | 0 | 0 | 0 |
| Buyback Yield | 0.9% | N/A | 0.6% | N/A | 0.6% | N/A | 2.6% | 1.3% | 6.8% | 0.9% | N/A | N/A | 0.0% |
| Stock-Based Comp | 7.9M | 16M | 13M | 8.5M | 7.0M | 8.2M | 6.4M | 8.7M | 8.2M | 9.0M | 10M | 12M | 5.9M |
| Debt Repayment | 1K | 406M | 0 | 0 | 0 | 400M | 252M | 925M | 185M | 190M | 347M | 729M | 729M |
| Balance Sheet | |||||||||||||
| Net Debt | 281M | 135M | 249M | 239M | 285M | 363M | 512M | 183M | 378M | 390M | 465M | 445M | 523M |
| Cash & Equiv. | 119M | 265M | 151M | 161M | 115M | 37M | 437M | 145M | 45M | 25M | 12M | 40M | 8.6M |
| Long-Term Debt | 375M | 400M | 400M | 400M | 400M | 400M | 910M | 327M | 423M | 415M | 477M | 335M | 382M |
| Debt/Equity | 0.76 | 0.74 | 0.76 | 0.73 | 0.69 | 0.66 | 2.27 | 0.49 | 0.83 | 0.86 | 1.08 | 1.05 | 1.25 |
| Interest Coverage | 11.9 | 15.3 | 20.0 | 21.9 | 19.4 | 17.2 | 113.5 | 672.8 | 246.0 | 157.9 | 2654.1 | 72.4 | 72.4 |
| Equity | 529M | 538M | 526M | 545M | 582M | 605M | 418M | 664M | 511M | 484M | 440M | 462M | 426M |
| Total Assets | 1.4B | 1.6B | 1.5B | 1.5B | 1.5B | 1.6B | 2.5B | 2.4B | 2.3B | 2.2B | 2.2B | 2.2B | 2.1B |
| Total Liabilities | 904M | 1.0B | 971M | 977M | 946M | 977M | 2.1B | 1.7B | 1.8B | 1.7B | 1.7B | 1.7B | -1.2M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 0 | 21M | 21M | 21M | 23M | 24M | 24M | 24M |
| Retained Earnings | 493M | 486M | 488M | 493M | 533M | 562M | 438M | 663M | 511M | 480M | 427M | 451M | 416M |
| Working Capital | -15M | 11M | -13M | -17M | -58M | -150M | 192M | -112M | -185M | -207M | -176M | -312M | -297M |
| Current Assets | 330M | 457M | 356M | 359M | 307M | 242M | 643M | 354M | 317M | 282M | 278M | 313M | 284M |
| Current Liabilities | 344M | 446M | 369M | 376M | 365M | 392M | 451M | 465M | 502M | 489M | 454M | 626M | 581M |
| Per Share Data | |||||||||||||
| EPS | 5.51 | 6.82 | 7.86 | 8.37 | 10.29 | 9.27 | -1.36 | 10.71 | 5.67 | 4.45 | 1.83 | 2.06 | -0.18 |
| Owner EPS | 4.22 | 10.19 | 7.47 | 9.37 | 9.56 | 10.25 | 1.53 | 7.77 | 4.02 | 6.15 | 2.10 | 3.77 | -0.29 |
| Book Value | 22.05 | 22.40 | 21.86 | 22.57 | 24.18 | 25.09 | 17.52 | 27.93 | 21.99 | 21.74 | 19.68 | 20.51 | 19.05 |
| Cash Flow/Share | 7.41 | 13.90 | 11.27 | 13.30 | 13.74 | 15.05 | 6.74 | 12.70 | 8.82 | 11.25 | 7.56 | 9.72 | 5.35 |
| Dividends/Share | 3.25 | 3.98 | 7.70 | 8.15 | 8.60 | 8.05 | 3.90 | 1.00 | 5.20 | 5.20 | 4.15 | 1.00 | 1.04 |
| Shares Out. | 24.0M | 24.0M | 24.1M | 24.1M | 24.1M | 24.1M | 23.9M | 23.8M | 23.3M | 22.3M | 22.4M | 22.5M | 22.4M |
| Valuation | |||||||||||||
| P/E Ratio | 10.8 | 13.9 | 13.5 | 13.2 | 10.7 | 14.7 | N/A | 10.6 | 14.7 | 19.1 | 23.1 | 30.6 | -302.7 |
| P/FCF | 16.6 | 9.4 | 16.3 | 12.7 | 14.8 | 14.6 | N/A | 11.7 | 18.2 | 15.4 | 23.2 | 23.7 | N/A |
| EV/EBIT | 7.7 | 8.4 | 9.5 | 8.8 | 9.6 | 12.7 | 21.3 | 7.5 | 14.9 | 18.7 | 31.0 | 35.9 | N/A |
| Price/Book | 2.7 | 4.2 | 4.9 | 4.9 | 4.5 | 5.4 | 5.0 | 4.1 | 3.8 | 3.9 | 2.1 | 3.1 | 2.8 |
| Price/Sales | 0.5 | 0.7 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 0.7 | 0.6 | 0.4 | 0.3 | 0.4 |
| FCF Yield | 6.0% | 10.7% | 6.2% | 7.9% | 6.7% | 6.8% | -6.5% | 8.5% | 5.5% | 6.5% | 4.3% | 4.2% | -1.8% |
| Market Cap | 1.4B | 2.3B | 2.6B | 2.7B | 2.6B | 3.3B | 2.1B | 2.7B | 1.9B | 1.9B | 946M | 1.4B | 1.2B |
| Avg. Price | 60.85 | 80.28 | 94.39 | 107.30 | 114.14 | 123.24 | 108.01 | 116.65 | 101.94 | 92.16 | 62.01 | 48.47 | 53.71 |
| Year-End Price | 59.46 | 94.88 | 106.23 | 110.37 | 109.99 | 136.03 | 87.78 | 113.78 | 83.47 | 85.20 | 42.28 | 63.00 | 53.71 |
CRACKER BARREL OLD COUNTRY STORE, INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 15.0% with a gross margin of 68.4%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is -14.2%.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a debt-to-equity ratio of 1.05. This indicates moderate leverage.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) reported earnings per share (EPS) of $2.06 in its most recent fiscal year.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a return on equity (ROE) of 10.3%. This indicates moderate shareholder returns.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a 5-year average gross margin of 68.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for CRACKER BARREL OLD COUNTRY STORE, INC (CBRL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) has a book value per share of $20.51, based on its most recent annual SEC filing.