CBRL
Cracker Barrel Old Country Store, Inc.
CBRL's fundamentals are weak and it looks expensive: trading at 46x earnings, more than twice its usual 21x. Analysts expect earnings to recover and profitability to improve.
CBRL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Stable |
CBRL's cash flow is currently healthy, and its revenue, profitability and balance sheet are stable.
CBRL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $21.10 | -67% |
| Fair | 21x | $29.24 | -55% |
| Forward | 31x | $64.86 | — |
| Expensive | 39x | $54.48 | -16% |
| Current | 46x | $64.86 | — |
Historical ranges are pointers, not guarantees.
CBRL's PE is in its expensive range at 46x. If earnings grow as analysts expect, today's price would be 31x next year's earnings.
CBRL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect CBRL to return to profit, with revenue holding steady.
CBRL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.10 | +50% |
| Q3 2026 | $1.40 | -32% |
| Q2 2026 | $1.15 | -55% |
| Q1 2026 | -$0.19 | -112% |
| Q4 2025 | $0.74 | -59% |
| Q3 2025 | $2.06 | +13% |
| Q2 2025 | $2.57 | -5.2% |
| Q1 2025 | $1.60 | -57% |
| Q4 2024 | $1.80 | -54% |
CBRL's earnings per share have fallen from their peak: $1.40 over the past year, against $10.71 in mid-2021.
CBRL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $849.3M | -2.2% |
| Q2 2026 | $797.4M | -2.9% |
| Q1 2026 | $874.8M | -7.9% |
| Q4 2025 | $797.2M | -5.7% |
| Q3 2025 | $868M | -2.9% |
| Q2 2025 | $821.1M | +0.5% |
| Q1 2025 | $949.4M | +1.5% |
| Q4 2024 | $845.1M | +2.6% |
CBRL's revenue is shrinking: $849M last quarter, down 2.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.6% | +1.1 points |
| Q2 2026 | 0.8% | -1 points |
| Q1 2026 | 0.1% | -3 points |
| Q4 2025 | -4.1% | -5 points |
| Q3 2025 | 0.5% | -2 points |
| Q2 2025 | 1.8% | +4.2 points |
| Q1 2025 | 3.1% | -0.2 points |
| Q4 2024 | 0.8% | -0.5 points |
CBRL's operating margin was 1.6% last quarter, up 1.1 points from the same quarter a year ago.
CBRL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $86M | +52% |
| Q2 2026 | $66.9M | +$80.5M |
| Q1 2026 | $24.5M | -59% |
| Q4 2025 | -$88.9M | -$45.6M |
| Q3 2025 | $56.8M | +157% |
| Q2 2025 | -$13.6M | -266% |
| Q1 2025 | $60M | +18% |
| Q4 2024 | -$43.3M | -$2.8M |
CBRL still generates free cash flow, though less than at its 2020 peak: $88M over the past year.
CBRL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +45K shares |
| 1 year | +0.4% | +81.2K shares |
| 3 years | +1.3% | +280K shares |
| 5 years | -5.1% | -1.2M shares |
| Available history | -6.5% | -1.6M shares |
CBRL has 23M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $5M |
| Q4 2022 | $12.4M |
| Q3 2022 | $58.1M |
CBRL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 4.5x | High |
| Q1 2026 | 4.8x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 3.0x | Moderate |
| Q4 2024 | 3.3x | Elevated |
CBRL's net debt is about 2.7 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
CBRL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.9 | Neutral |
| Stochastic | 77.0 | Neutral |
CBRL's weekly RSI is 64 (neutral) and its Stochastic is 77 (neutral).
CBRL PE vs Consumer Cyclical Sector
| Metric | CBRL | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 18x | 157% above |
| PE % | 88 | 47 | 41 pts above |
CBRL is trading at 46x earnings, a 157% premium to the Consumer Cyclical sector's median of 18x.
CBRL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $62.7 | 3.5% above |
| 20 week MA | $57.4 | 13% above |
| 50 week MA | $42.1 | 54% above |
| 100 week MA | $45.8 | 41% above |
| 200 week MA | $59.2 | 9.5% above |
CBRL has climbed back above all five of its weekly moving averages, and it's now 9.5% above its 200-week average.
CBRL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $154.8 | $135.1 | -13% |
| 2021 | $135.1 | $128.1 | -5.2% |
| 2022 | $128.1 | $97.1 | -24% |
| 2023 | $97.1 | $77.1 | -21% |
| 2024 | $77.1 | $56.4 | -27% |
| 2025 | $56.4 | $26.0 | -54% |
| 2026 YTD | $26.0 | $64.9 | +150% |
CBRL has finished every year since 2020 lower, and it's up 150% so far in 2026.