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The chain also completed a sale-leaseback deal involving 26 company-owned locations.
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.
Completes Sale-Leaseback Transaction for 26 Cracker Barrel Stores and Divests Maple Street Biscuit Company Company Raises Profitability Outlook for Fiscal 2026 LEBANON, Tenn., July 20, 2026 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today announced two strategic actions.
Cracker Barrel Old Country Store (CBRL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CBRL crossed above the 20-day moving average, suggesting a short-term bullish trend.
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