Cracker Barrel — Mar 6, 2025 release

  Fiscal 2025 Outlook   The Company updated its outlook and expects the following for fiscal 2025 :   · Total revenue of $3.45 billion to $3.50 billion (vs. previous outlook of $3.4 billion to $3.5 billion)   · Adjusted EBITDA 1 of $210 million to $220 million 2 (vs. previous outlook of $200 million to $215 million 2 )   · Commodity inflation of 2% to 3% compared to the prior year (no change vs. previous outlook)   · Hourly wage inflation of approximately 3% compared to the prior year (vs. previous outlook of 3% to 4%)   · Capital expenditures of $160 million to $180 million (no change vs. previous outlook)   · 1 to 2 new Cracker Barrel stores (vs. previous outlook of 2), which includes 1 store opened fiscal year-to-date   · 4 new Maple Street Biscuit Company units (vs. previous outlook of 3 to 4), which includes 3 units opened fiscal year-to-date   The Company reminds investors that its outlook reflects a number of assumptions, many of which are outside the Company’s control. In particular, uncertainties created by macroeconomic conditions, such as ongoing inflation, low consumer confidence and high interest rates may adversely affect consumer behavior and cause actual results to differ materially from those expected.   1 Adjusted net income, adjusted EBITDA, and adjusted earnings per diluted share are non-GAAP financial measures. For definitions of these non-GAAP measures and reconc