Cracker Barrel — Dec 9, 2025 release

  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 new Cracker Barrel stores (no change vs. previous outlook)   1 Adjusted net income (loss), adjusted EBITDA, and adjusted earnings (loss) 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 Operat