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Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company’s restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. Its gift shops offer various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, food, cookware, and various other gift items, as well as various candies, preserves, and other food items. Cracker Barrel Old Country Store, Inc. was incorporated in 1969 and is headquartered in Lebanon, Tennessee.
The restaurant chain sold 35 Maple Street locations and will close 16 others while raising $77 million through a property deal to help pay down debt.
CBRL is streamlining its business through asset sales, debt reduction and a sharper focus on the core brand to support long-term growth.
The AI trade is mounting a comeback as investors shrug off fears about a slew of cheap Chinese large-language models.
Cracker Barrel said it expects to meet or exceed the high end of its full-year revenue outlook as a result of the strategic actions.
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) shares are trading higher in Monday's after-hours session after the company announced strategic actions and updated its fiscal 2026 outlook.