Cracker Barrel Old Country Store, Inc. (CBRL) Income Statement

30Y historyFree accessUpdated daily

After an anomalous 69.8% gross margin in 2026Q3, CBRL's gross margin normalized to a modest 10.0% in 2026Q4 alongside a 2.2% year-over-year revenue decline, indicating core profitability remains under pressure.

Annual statement

CBRL Income Statement

Cracker Barrel Old Country Store, Inc. (CBRL) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Aug'25	Jul'24	Jul'23	Jul'22	Jul'21	Jul'20	Jul'19	Jul'18	Jul'17	Jul'16	Jul'15	Jul'14	Jul'13	Jul'12	Jul'11	Jul'10	Jul'09	Jul'08	Jul'07	Jul'06	Jul'05	Jul'04	Jul'03	Jul'02	Jul'01	Jul'00	Jul'99	Jul'98	Jul'97	Jul'96

Sales/Revenue	3.32B	3.48B	3.47B	3.44B	3.27B	2.82B	2.52B	3.07B	3.03B	2.93B	2.91B	2.84B	2.68B	2.64B	2.58B	2.43B	2.4B	2.37B	2.38B	2.35B	2.64B	2.57B	2.38B	2.2B	2.07B	1.96B	1.77B	1.53B	1.32B	1.12B	943.3M
Revenue Growth %	-4.74%	0.37%	0.81%	5.36%	15.82%	11.84%	-17.88%	1.37%	3.56%	0.48%	2.47%	5.91%	1.48%	2.5%	5.99%	1.24%	1.57%	-0.72%	1.4%	-11.03%	2.94%	7.84%	8.31%	6.35%	5.26%	10.77%	15.74%	16.29%	17.19%	19.15%	20.46%
Cost of Goods Sold	2.38B	2.34B	2.36B	2.34B	2.2B	1.85B	1.7B	2.01B	1.99B	1.91B	1.93B	1.92B	1.84B	1.82B	1.78B	772.47M	745.82M	764.91M	773.76M	744.27M	845.64M	847.04M	785.7M	703.91M	677.74M	664.33M	553.25M	486.5M	406.7M	352M	293.5M
COGS % of Revenue	-	67.05%	67.97%	67.86%	67.29%	65.51%	67.58%	65.43%	65.71%	65.22%	66.42%	67.43%	68.54%	68.71%	68.95%	31.73%	31.02%	32.31%	32.45%	31.65%	32%	32.99%	33%	32.02%	32.79%	33.83%	31.21%	31.76%	30.88%	31.32%	31.11%
Gross Profit	938.09M	1.15B	1.11B	1.11B	1.07B	973.06M	817.86M	1.06B	1.04B	1.02B	977.99M	925.73M	844.33M	827.39M	801.28M	1.66B	1.66B	1.6B	1.61B	1.61B	1.8B	1.72B	1.6B	1.49B	1.39B	1.3B	1.22B	1.05B	910.4M	771.9M	649.8M
Gross Margin %	28.27%	32.95%	32.03%	32.14%	32.71%	34.49%	32.42%	34.57%	34.29%	34.78%	33.58%	32.57%	31.46%	31.29%	31.05%	68.27%	68.98%	67.69%	67.55%	68.35%	68%	67.01%	67%	67.98%	67.21%	66.17%	68.79%	68.24%	69.12%	68.68%	68.89%
Gross Profit Growth %	-	3.28%	0.46%	3.53%	9.84%	18.98%	-23%	2.2%	2.1%	4.08%	5.64%	9.64%	2.05%	3.26%	-51.79%	0.2%	3.51%	-0.52%	0.22%	-10.57%	4.47%	7.85%	6.76%	7.57%	6.91%	6.55%	16.68%	14.8%	17.94%	18.79%	19.3%
Operating Expenses	943.18M	1.09B	1.07B	985.9M	915.82M	606.4M	761.71M	779.28M	745.64M	704.71M	697.52M	670.85M	635.92M	625.86M	610.3M	1.5B	1.49B	1.72B	1.46B	1.44B	1.77B	1.52B	1.41B	1.32B	1.24B	1.2B	1.1B	922.2M	745.5M	634.3M	549.1M
OpEx % of Revenue	-	31.37%	30.73%	28.64%	28.03%	21.49%	30.19%	25.37%	24.61%	24.08%	23.95%	23.6%	23.7%	23.67%	23.65%	61.43%	62.02%	72.77%	61.23%	61.2%	66.86%	59.14%	59.22%	60.06%	59.99%	61.25%	62.08%	60.21%	56.6%	56.44%	58.21%
Selling, General & Admin	210.58M	217.51M	207.06M	174.09M	157.43M	147.82M	146.97M	152.83M	143.76M	141.41M	142.98M	147.54M	129.39M	143.26M	146.17M	1.5B	1.49B	1.72B	1.46B	1.44B	1.6B	1.52B	1.41B	1.32B	1.24B	1.19B	1.04B	868.4M	702.1M	598.6M	517.7M
SG&A % of Revenue	-	6.24%	5.97%	5.06%	4.82%	5.24%	5.83%	4.97%	4.74%	4.83%	4.91%	5.19%	4.82%	5.42%	5.67%	61.43%	62.02%	72.77%	61.19%	61.2%	60.5%	59.14%	59.22%	60.06%	59.99%	60.51%	58.4%	56.7%	53.31%	53.26%	54.88%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2M	875.45M	859.39M	811.81M	758.39M	458.58M	614.73M	626.45M	601.89M	563.3M	554.53M	523.31M	506.53M	482.6M	464.13M	0	0	0	877K	0	168.07M	0	0	0	0	14.37M	65.22M	53.8M	43.4M	35.7M	31.4M
Operating Income	-5.09M	55.03M	45.12M	120.62M	153M	366.66M	56.15M	282.84M	293.59M	313.16M	280.47M	254.88M	208.41M	201.52M	190.97M	167.18M	164.67M	142.24M	150.78M	168.15M	22.3M	202.16M	185.14M	174.08M	149.3M	96.7M	118.97M	122.9M	164.9M	137.6M	100.7M
Operating Margin %	-0.15%	1.58%	1.3%	3.5%	4.68%	13%	2.23%	9.21%	9.69%	10.7%	9.63%	8.97%	7.77%	7.62%	7.4%	6.87%	6.85%	6.01%	6.32%	7.15%	0.84%	7.87%	7.78%	7.92%	7.22%	4.92%	6.71%	8.02%	12.52%	12.24%	10.68%
Operating Income Growth %	-	21.96%	-62.59%	-21.17%	-58.27%	552.96%	-80.15%	-3.66%	-6.25%	11.65%	10.04%	22.3%	3.42%	5.52%	14.23%	1.53%	15.77%	-5.66%	-10.33%	654.08%	-88.97%	9.2%	6.35%	16.6%	54.4%	-18.72%	-3.2%	-25.47%	19.84%	36.64%	-1.95%
EBITDA	184.31M	190M	169.6M	237.84M	269.31M	488M	237.77M	390.38M	387.28M	399.48M	358.69M	327.83M	276.8M	267.64M	255.44M	229.97M	225.69M	201.53M	208.46M	225.05M	94.58M	269.48M	249M	238.46M	212.06M	161.6M	184.19M	176.7M	208.3M	173.3M	132.1M
EBITDA Margin %	5.55%	5.45%	4.89%	6.91%	8.24%	17.3%	9.43%	12.71%	12.78%	13.65%	12.32%	11.53%	10.31%	10.12%	9.9%	9.45%	9.39%	8.51%	8.74%	9.57%	3.58%	10.5%	10.46%	10.85%	10.26%	8.23%	10.39%	11.54%	15.82%	15.42%	14%
EBITDA Growth %	-2.99%	12.03%	-28.69%	-11.69%	-44.81%	105.24%	-39.09%	0.8%	-3.05%	11.37%	9.41%	18.44%	3.42%	4.78%	11.08%	1.9%	11.99%	-3.33%	-7.37%	137.96%	-64.9%	8.22%	4.42%	12.45%	31.23%	-12.26%	4.24%	-15.17%	20.2%	31.19%	2.32%
D&A (Non-Cash Add-back)	95.25M	134.97M	124.48M	117.22M	116.3M	121.34M	181.62M	107.54M	93.69M	86.32M	78.22M	72.95M	68.39M	66.12M	64.47M	62.79M	61.02M	59.29M	57.69M	56.91M	72.28M	67.32M	63.87M	64.38M	62.76M	64.9M	65.22M	53.8M	43.4M	35.7M	31.4M
EBIT	88.64M	58.22M	45.12M	120.62M	153M	366.66M	102.45M	282.84M	296.99M	309M	275.08M	254.88M	200.34M	180.75M	190.97M	167.18M	164.67M	142.24M	150.96M	168.15M	161.8M	202.26M	182.99M	171.88M	149.3M	96.7M	118.97M	122.9M	164.9M	137.6M	100.7M
Net Interest Income	-14.38M	-20.49M	-20.93M	-17.01M	-9.62M	-56.11M	-22.33M	-16.49M	-15.17M	-14.27M	-14.05M	-16.68M	-17.56M	-35.74M	-44.69M	-51.49M	-48.96M	-52.18M	-57.26M	0	0	0	-8.44M	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	185K	0	0	0	5K	0	0	0	0	0	0	0	0
Interest Expense	14.38M	20.49M	20.93M	17.01M	9.62M	56.11M	22.33M	16.49M	15.17M	14.27M	14.05M	16.68M	17.56M	35.74M	44.69M	51.49M	48.96M	52.18M	57.89M	0	0	8.6M	8.44M	8.82M	6.77M	12.23M	24.26M	10M	0	0	0
Other Income/Expense	25.66M	-17.3M	-20.93M	-17.01M	-9.62M	-56.11M	25.13M	-16.49M	-15.17M	-14.27M	-14.05M	-16.68M	-17.56M	-35.74M	-44.69M	-50.87M	-51.76M	-54.27M	-57.26M	-51.66M	-21.44M	-8.6M	-6.29M	-8.82M	-6.77M	-12.23M	-24.26M	-10M	-200K	-100K	1.7M
Pretax Income	20.57M	37.73M	24.19M	103.61M	143.38M	310.55M	81.28M	266.36M	278.42M	298.89M	266.42M	238.2M	190.85M	165.78M	146.29M	115.69M	115.71M	90.06M	93.52M	116.48M	168.05M	193.56M	176.7M	165.26M	142.53M	84.46M	94.7M	112.9M	164.7M	137.5M	102.4M
Pretax Margin %	0.62%	1.08%	0.7%	3.01%	4.39%	11.01%	3.22%	8.67%	9.19%	10.21%	9.15%	8.38%	7.11%	6.27%	5.67%	4.75%	4.81%	3.8%	3.92%	4.95%	6.36%	7.54%	7.42%	7.52%	6.9%	4.3%	5.34%	7.37%	12.5%	12.23%	10.86%
Income Tax	-11.1M	-8.65M	-16.74M	4.56M	11.5M	56.04M	-28.68M	42.95M	30.8M	96.99M	77.12M	74.3M	58.72M	48.52M	43.21M	30.48M	30.45M	24.11M	28.21M	40.5M	51.76M	66.92M	63.44M	58.73M	50.74M	35.28M	35.71M	42.7M	60.6M	50.9M	38.9M
Effective Tax Rate %	-53.96%	-22.94%	-69.23%	4.4%	8.02%	18.04%	-35.29%	16.13%	11.06%	32.45%	28.95%	31.19%	30.77%	29.27%	29.54%	26.35%	26.32%	26.76%	30.17%	34.77%	30.8%	34.57%	35.9%	35.54%	35.6%	41.77%	37.7%	37.82%	36.79%	37.02%	37.99%
Net Income	31.68M	46.38M	40.93M	99.05M	131.88M	254.51M	-32.48M	223.4M	247.62M	201.9M	189.3M	163.9M	132.13M	117.27M	103.08M	85.21M	85.26M	65.93M	65.55M	162.06M	116.29M	126.64M	113.26M	106.53M	91.79M	49.18M	59M	70.2M	104.1M	86.6M	63.5M
Net Margin %	0.95%	1.33%	1.18%	2.88%	4.04%	9.02%	-1.29%	7.27%	8.17%	6.9%	6.5%	5.77%	4.92%	4.43%	4%	3.5%	3.55%	2.78%	2.75%	6.89%	4.4%	4.93%	4.76%	4.85%	4.44%	2.5%	3.33%	4.58%	7.9%	7.71%	6.73%
Net Income Growth %	-31.7%	13.31%	-58.68%	-24.89%	-48.18%	883.72%	-114.54%	-9.78%	22.65%	6.66%	15.49%	24.05%	12.67%	13.76%	20.98%	-0.06%	29.32%	0.57%	-59.55%	39.36%	-8.17%	11.81%	6.32%	16.06%	86.64%	-16.64%	-15.96%	-32.56%	20.21%	36.38%	-3.79%
Net Income (Continuing)	31.67M	46.38M	40.93M	99.05M	131.88M	254.51M	-32.48M	223.4M	247.62M	201.9M	189.3M	163.9M	132.13M	117.27M	103.08M	85.21M	85.26M	65.96M	65.3M	75.98M	95.5M	126.64M	111.89M	105.11M	91.79M	49.18M	59M	70.2M	104.1M	86.6M	63.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20.79M	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.40	2.06	1.83	4.45	5.67	10.71	-1.36	9.27	10.29	8.37	7.86	6.82	5.51	4.90	4.40	3.61	3.62	2.89	2.80	5.23	2.50	2.45	2.12	1.97	1.64	0.87	1.02	1.16	1.65	1.41	1.04
EPS Growth %	-32.51%	12.57%	-58.88%	-21.52%	-47.06%	887.5%	-114.67%	-9.91%	22.94%	6.49%	15.25%	23.77%	12.45%	11.36%	21.88%	-0.28%	25.26%	3.21%	-46.46%	109.2%	2.04%	15.57%	7.61%	20.12%	88.51%	-14.71%	-12.07%	-29.7%	17.02%	35.58%	-4.59%
EPS (Basic)	-	2.08	1.84	4.47	5.69	10.74	-1.36	9.29	10.31	8.40	7.91	6.85	5.55	4.95	4.47	3.70	3.71	2.94	2.88	5.86	2.71	2.65	2.29	2.13	1.69	0.88	1.02	1.16	1.68	1.42	1.05
Diluted Shares Outstanding	22.64M	22.46M	22.32M	22.27M	23.25M	23.77M	23.87M	24.1M	24.08M	24.12M	24.07M	24.05M	23.97M	23.95M	23.41M	23.63M	23.58M	22.79M	23.41M	31.76M	48.04M	53.38M	54.95M	55.58M	56.09M	59.8M	58.04M	58.63M	63.09M	61.42M	61.06M
Basic Shares Outstanding	22.35M	22.51M	22.19M	22.17M	23.16M	23.69M	23.87M	24.04M	24.01M	24.03M	23.95M	23.92M	23.82M	23.71M	23.07M	23M	23.01M	22.46M	22.78M	27.64M	42.92M	47.79M	48.88M	49.27M	54.2M	56.13M	57.96M	58.63M	61.96M	60.99M	60.48M
Dividend Payout Ratio	-	49.8%	283.61%	117.19%	87.07%	12.44%	-	86.6%	83.66%	97.51%	135%	58.39%	54.1%	38.72%	21.7%	23.29%	21.75%	26.71%	24.02%	9.63%	20.65%	17.98%	14.3%	0.98%	1.27%	2.41%	1.08%	1.42%	1.25%	1.73%	1.89%

Key Metrics

Growth RegimeContracting

ProfitabilityStrained

Balance SheetStrained

Cash FlowMixed

Top Statement Risk

Margin Volatility and Revenue Decline

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q4)

Sustained Revenue Decline

As reported in the quarterly financial statements, CBRL has experienced a deceleration in revenue growth, with the most recent quarter showing a 2.2% decline year-over-year, marking the third consecutive period of negative growth according to the data.

The persistent negative revenue trend suggests underlying demand weakness in the casual dining segment, potentially driven by competitive pressures or shifting consumer preferences. This contraction, if continued, could limit the company's ability to achieve economies of scale and recover profitability.

Extreme Gross Margin Volatility

According to the reported financial figures, CBRL's gross margins have swung dramatically from lows of 5.6% to highs of 69.8% within the past ten quarters, a pattern that suggests significant instability in the company's core profitability metrics.

This extreme volatility indicates potential issues with cost control, inventory management, or revenue recognition practices, making it challenging to assess sustainable profitability. The lack of a stable margin structure may reflect operational inefficiencies or one-time adjustments that obscure the true earnings power.

Anomalous Margin Spike in 2026Q3

The most significant inflection point in CBRL's income statement history is the 69.8% gross margin in 2026Q3, which, as per the data, represents an extreme deviation from the norm and may be linked to one-time adjustments.

This inflection does not appear to be driven by operational improvements, as subsequent margins reverted to lower levels, suggesting it was a temporary anomaly. Investors should scrutinize the causes, such as potential inventory write-downs or promotional activities, to determine if it signals any lasting impact on the business model.

Skepticism on Margin Sustainability

Short-sellers would focus on CBRL's unpredictable gross margins and declining revenue trend, which according to the reported data, suggest that the company's financial performance is unstable and may not be sustainable in the long term.

The inconsistency in margin performance raises concerns about the quality of earnings and management's ability to control costs effectively. Furthermore, the negative revenue growth implies that top-line recovery is not imminent, compounding risks to future profitability and potentially leading to further financial strain.

CBRL — Frequently Asked Questions

Quick answers to the most common questions about buying CBRL stock.

What was Cracker Barrel Old Country Store, Inc.'s (CBRL) revenue in 2025?

For fiscal year 2025, Cracker Barrel Old Country Store, Inc. (CBRL) reported total revenue of $3.48B. This represents a 269.3% increase compared to $943.3M in 1996.

Is Cracker Barrel Old Country Store, Inc. (CBRL) profitable?

Cracker Barrel Old Country Store, Inc. (CBRL) is profitable, generating $46.4M in net income for the fiscal year ending 2025 with a net profit margin of 1.3%.

What is Cracker Barrel Old Country Store, Inc.'s operating profit margin?

Cracker Barrel Old Country Store, Inc. (CBRL) reported an operating income of $55.0M, resulting in an operating profit margin of 1.6%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Cracker Barrel Old Country Store, Inc.'s gross profit and gross margin?

Cracker Barrel Old Country Store, Inc. (CBRL) generated $1.15B in gross profit for the year, representing a gross profit margin of 33.0%. This demonstrates the company's core pricing power and production efficiency.