Cracker Barrel — Jun 5, 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 (no change vs. previous outlook)   · Adjusted EBITDA 1 of $215 million to $225 million 2 (vs. previous outlook of $210 million to $220 million 2 )   · Commodity inflation in the mid 2% range compared to the prior year (vs. previous outlook of 2% to 3%)   · Hourly wage inflation in the mid 2% range compared to the prior year (vs. previous outlook of approximately 3%)   · Capital expenditures of $160 million to $170 million (vs. previous outlook of $160 million to $180 million)   · 1 new Cracker Barrel store, which has already opened (vs. previous outlook of 1 to 2)   · 4 new Maple Street Biscuit Company units, which have already opened (no change vs. previous outlook)   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 reconciliations of these non-GAAP measures to the most directly comparable GAAP measures, please refer to the Reconciliation of GAAP-Basis Operating Results to Non-GAAP Operating Results section of this release.   2 The Company has determined to provide guidance focused on adjusted EBITDA because the Company believes it will be more useful to investors to evaluate the Company’s performance p