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Family-dining restaurant chain paired with a country-store gift shop, located mainly off US interstate highways.
Family-dining restaurant chain paired with a country-store gift shop, located mainly off US interstate highways.
Earns most of its sales from the dining room, with the attached shop acting as a second line that sells gifts, candy and seasonal goods to diners waiting for tables or leaving. Stores sit beside interstate exits, so sales swing with road-travel traffic, holiday periods, and food and labor costs.
Moat: narrow (brand, distribution). Distinctive highway-exit real estate positions and a nostalgic brand are hard for rivals to replicate.
Headquarters: Lebanon, Tennessee, US · Founded: 1969 · Employees: 74,500
Size Cracker Barrel Old Country Store (CBRL) is a United States Consumer Discretionary company (Restaurants) with a market value of $1.45B, the 2021st largest of 3,117 United States companies the cockpit tracks. Shares closed at $64.81 on 6 Nov 2026.
Performance Over six months the shares gained 105.8%, against +22.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 4.7% over the last twelve months (peer median +6.7%); the operating margin is -0.1% (peer median 6.7%).
Valuation It trades at 30.3× forward earnings against a peer median of 21.0× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.7 points below its cost of capital (8.6% WACC).
Credit Cracker Barrel Old Country Store has 1 bond outstanding ($345M).
Short interest Short interest is 24.6% of the free float (15 Oct 2026).
Next results Next results expected around 27 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $3.32B | $3.32B | $3.48B | $3.47B | $3.44B |
| Revenue growth | — | -5% | 0% | +1% | — |
| Gross profit | $209M | $209M | $293M | $280M | $309M |
| EBITDA | $121M | $121M | $197M | $184M | $299M |
| Net income | $31.7M | $31.7M | $46.4M | $40.9M | $99.0M |
| Free cash flow | $88.4M | $88.4M | $59.8M | $40.7M | $123M |
| Capital expenditure | $118M | $118M | $159M | $128M | $127M |
| Total debt | $1.04B | $1.04B | $1.18B | $1.20B | $1.16B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CBRL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.1% | +1.9% | 4th highest of 21 |
| 6-month return | +105.8% | +22.4% | highest of 21 |
| Distance from 52-week high | -12.0% | -12.8% | 10th highest of 21 |
| Revenue growth (TTM) | -4.7% | +6.7% | 2nd lowest of 21 |
| Operating margin | -0.1% | 6.7% | 2nd lowest of 21 |
| Forward P/E | 30.3× | 21.0× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 14.0% | 9.5% | 6th most demanding of 20 |
| Growth delivered (Del g) | +3.3% | +12.4% | 2nd lowest of 20 |
| Hurdle (Req g minus delivered) | +10.7 pp | -2.2 pp | 5th most demanding of 20 |
| ROIC minus cost of capital | -8.7 pp | +1.3 pp | 3rd lowest of 21 |
| Net debt / EBITDA | 8.2× | 3.3× | most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cracker Barrel Old Country Store CBRL | United States | $1.45B | +106% | -5% | 0% | 30.3× | 14.0% | +3.3% |
| Arcos Dorados ARCO | United States | $1.45B | -23% | +11% | 6% | 9.1× | -3.5% | +18.7% |
| Sweetgreen SG | United States | $1.43B | +72% | -1% | -18% | n/a | n/a | n/a |
| Domino's Pizza Enterprises DMP.AX | Australia | $1.48B | +48% | -11% | 5% | 16.9× | 17.9% | -1.4% |
| Monogatari 3097.T | Japan | $1.50B | +43% | +22% | 8% | 25.4× | 2.0% | +18.8% |
| Colowide 7616.T | Japan | $1.51B | +21% | +16% | 4% | n/a | 13.6% | +12.3% |
| Wendy's WEN | United States | $1.55B | +12% | -1% | 13% | 17.9× | 2.4% | +4.7% |
| J D Wetherspoon JDW.L | United Kingdom | $1.33B | +69% | +5% | 5% | 19.6× | 7.7% | +23.7% |
| Guangzhou Restaurant 603043.SS | China | $1.31B | 0% | +9% | 11% | 17.3× | -3.5% | +10.4% |
| Travel Food Services TRAVELFOOD.NS | India | $1.63B | -6% | -2% | 30% | 31.7× | 13.0% | +15.6% |
| Devyani International DEVYANI.NS | India | $1.68B | +8% | +14% | 4% | 323.9× | 52.1% | +37.6% |
| Domino's Pizza DOM.L | United Kingdom | $1.19B | +24% | +6% | 15% | 13.1× | 9.5% | +6.3% |
| BJ's Restaurants BJRI | United States | $1.18B | +30% | +4% | 3% | 22.5× | 26.8% | +12.4% |
| Xiaocaiyuan International 0999.HK | Hong Kong | $1.17B | +16% | +3% | 15% | 13.1× | -9.6% | +15.8% |
| Guzman y Gomez GYG.AX | Australia | $1.82B | +55% | +19% | 17% | 51.0× | 32.7% | +34.2% |
| Yoshinoya 9861.T | Japan | $1.84B | +42% | +10% | 4% | 45.5× | 11.2% | +5.8% |
| SSP SSPG.L | United Kingdom | $1.87B | +17% | +5% | 7% | 13.9× | 2.6% | +20.5% |
| Ohsho Food Service 9936.T | Japan | $1.11B | -1% | 0% | 7% | 27.5× | 4.2% | +7.7% |
| Westlife Foodworld WESTLIFE.NS | India | $1.08B | +31% | +10% | 5% | 343.5× | 49.0% | +21.7% |
| Ichibanya 7630.T | Japan | $1.06B | +21% | +8% | 6% | 57.3× | 12.2% | +8.2% |
| Doutor Nichires 3087.T | Japan | $1.03B | +33% | +8% | 7% | 16.3× | -4.7% | +10.6% |
Cracker Barrel Old Country Store has 1 bond outstanding with $345M face value.