Cracker Barrel — Sep 23, 2026 release

· During the fourth quarter, the Company completed a sale-leaseback transaction for 26 Company-owned Cracker Barrel store locations, generating net proceeds of approximately $77 million that were deployed towards debt reduction. The tax-efficient transaction enabled the Company to utilize capital loss carryforwards that otherwise would have expired. · 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 November 12, 2026 to shareholders of record as of October 16, 2026. Fiscal 2027 Outlook The Company provided the following outlook for fiscal 2027: · Total revenue of $3.325 billion to $3.4 billion including comparable store restaurant sales growth of 3% to 5% and no new store openings · Adjusted EBITDA 1 of $180 million to $200 million 2 · Commodity inflation of approximately 3.0% · Hourly wage inflation of 2.5% to 3.0% · Capital expenditures of $110 million to $125 million 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 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. For purposes of calculating debt covenant leverage ratios presented in this release, adjusted EBITDA is calculated as defined under our revolving credit facility. 2 The Company has determined to provide guidance focused on adjusted EBITDA 1 because the Company believes i