Cracker Barrel — Jun 5, 2025 release

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 prior to the impact of depreciation (given the expected increase in investments and the resulting higher expected depreciation expense), taxes, impairment charges, and other items that management believes are not reflective of the Company’s current operations. The Company is not able to reconcile the forward-looking estimate of adjusted EBITDA set forth above to