Cracker Barrel — Mar 4, 2026 release

      Second Quarter Ended   (In thousands, except per share amounts)   1/30/26     1/31/25   Revenue   $ 874,817     $ 949,439   GAAP net income   $ 1,282     $ 22,207   Adjusted net income 1   $ 5,580     $ 30,921   Adjusted EBITDA 1   $ 38,162     $ 74,628   GAAP earnings per share – diluted   $ 0.06     $ 0.99   Adjusted 1 earnings per share – diluted   $ 0.25     $ 1.38     - MORE - Page 2   Balance Sheet & Capital Allocation   · The Company ended the second quarter with total debt of $531.5 million and a consolidated senior leverage ratio 3 of 0.3x.   · During the Company’s third quarter the Company expects to record a net cash benefit of approximately $46 million following the Company’s settlement of certain litigation matters.   · 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 May 13, 2026 to shareholders of record as of April 10, 2026.   Fiscal 2026 Outlook   The Company provided the following updated outlook for fiscal 2026 :   · Total revenue of $3.24 billion to $3.27 billion (vs. previous outlook of $3.2 billion to $3.3 billion)   · Adjusted EBITDA 1 of $85 million to $100 million 2 (vs. previous outlook of $70 million to $110 million 2 )   · Commodity inflation of 2.0% to 2.5% (vs. previous outlook of 2.5% to 3.5)%   · Hourly wage inflation of 2.5% to 3.0% (vs. previous outlook of 3% to 4)%   · Capital expenditures of $105 million to $115 million (vs. previous outlook of $110 million to $125 million)   · 2 new Cracker Barrel stores (no change vs. previous outlook)   1 EBITDA, adjusted net income, adjusted EBITDA, and adjusted earnings per diluted share are non-GAAP financial measures. For definitions of these non-GAAP measures and reconciliat