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After a controvery-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. <\/p>\n
As of midday trading on Wednesday, shares were surging nearly 30%, hitting levels not seen since September 2025.<\/p>\n
The Southern 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<\/a> Barron\u2019s<\/em>.<\/p>\n Comparable store restaurant sales decreased 2.6% and comparable store retail sales decreased 1.8%. Net income reached $42.8 million, triple last year’s amount.<\/p>\n While analysts anticipated seeing a loss per share, Cracker Barrel actually saw a profit. GAAP earnings per diluted share were $1.90. The adjusted earnings per diluted share were 29 cents.<\/p>\n 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. <\/p>\n The results are noteworthy after a tough year. <\/p>\n In August 2025, Cracker Barrel received significant backlash over an attempted rebrand. It announced that its classic logo\u2014featuring an “Old Timer” sitting in a chair leaning against a barrel\u2014would change to a more modern-looking symbol with only the brand name.<\/p>\n 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.<\/p>\n 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.<\/p>\n