Cracker Barrel — Dec 9, 2025 release

  · The Company ended the first quarter with a consolidated total leverage ratio 3 of 2.8x and available liquidity 3 of $485 million.   · The Company announced that its Board of Directors declared a quarterly dividend of $0.25 per share of the Company’s common stock. The quarterly dividend is payable on February 11, 2026 to shareholders of record as of January 16, 2026.   Fiscal 2026 Outlook   The Company provided the following updated outlook for fiscal 2026:   · Total revenue of $3.2 billion to $3.3 billion (vs. previous outlook of $3.35 billion to $3.45 billion)   · Adjusted EBITDA 1 of $70 million to $110 million 2 (vs. previous outlook of $150 million to $190 million 2 )   o The above amount contemplates $20 million to $25 million in annualized savings in general and administrative expenses, primarily driven by a restructuring of the corporate support center   o The above amount also includes an aggregate advertising expense reduction of $12 million to $16 million for the fiscal second quarter through the fiscal fourth quarter compared to the same period in the prior year   · Commodity inflation of 2.5% to 3.5% (no change vs. previous outlook)   · Hourly wage inflation of 3.0% to 4.0% (no change vs. previous outlook)   · Capital expenditures of $110 million to $125 million (vs. previous outlook of $135 million to $150 million)   · 2