Cracker Barrel — Sep 17, 2025 release

The quarterly dividend is payable on November 12, 2025 to shareholders of record as of October 17, 2025.   · The Company also today announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $100 million of its outstanding common stock.   Outlook   The Company provided the following outlook for fiscal 2026, which reflects current business trends as of the date of this release and replaces all previous guidance or projections, including with respect to fiscal 2027 :   · Total revenue of $3.35 billion to $3.45 billion, which assumes a comparable store traffic decline of 4% to 7%   · Adjusted EBITDA 1 of $150 million to $190 million 2   · Commodity inflation of 2.5% to 3.5%   · Hourly wage inflation of 3.0% to 4.0%   · Capital expenditures of $135 million to $150 million, the majority of which is related to maintenance and includes no spending on new remodels   · 2 new Cracker Barrel stores   · The closure of 14 Maple Street units   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 T