Cracker Barrel Old Country Store, Inc. has seen its stock surge 78.1% over the past six months, outperforming the Zacks Retail - Restaurants industry's 9.5% decline, and the company's recovery efforts are gaining traction. The rally is supported by stronger guest metrics, improved menu and loyalty strategies, and disciplined cost management, which led management to raise its fiscal 2026 revenue and adjusted EBITDA guidance. In the third quarter of fiscal 2026, total revenues were $797.4 million, with comparable restaurant sales down 2.6% but average check up 4.3%. The company also reported that its loyalty program has grown to nearly 12 million members, with member-tracked sales exceeding 40% of sales. Cost control remains central, with restructuring expected to generate $20-$25 million in annualized G&A savings, and the company ended the quarter with $541.3 million in available credit capacity. Despite these positives, risks remain from persistent traffic weakness and negative comparable restaurant sales, and the stock trades at a forward P/S multiple of 0.35, well below the industry average of 3.33. CBRL currently holds a Zacks Rank #1 (Strong Buy).
Cracker Barrel Old Country StoreCompany raised fiscal 2026 guidance and reported improved metrics, driving stock rally.
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