Cracker Barrel Old Country Store continued to post lower sales in the fourth quarter, as a modest uplift in retail sales was more than offset by a decline in restaurant sales.

The company’s revenue slid 2.2 per cent to $849.3 million during the quarter ended July 31, following a 2.9 per cent drop in the third quarter.

Comparable store restaurant sales decreased 2.1 per cent, while comparable store retail sales increased 0.7 per cent.

Management noted that the results included Maple Street Biscuit Company’s numbers up to its divestiture on July 20.

On the bottom line, GAAP net income nearly doubled to $12.2 million.

“The company is focused on the right areas and has a strong plan, as demonstrated by the continued improvements in the underlying traffic trend, key guest metrics, and EBITDA results,” commented David Deno, who took over as CEO last month.

“I am excited about the opportunity ahead and confident that our strategic priorities around food, experience, and people will sustain this momentum and drive long-term value creation.” 

For the full FY26, revenue decreased 4.7 per cent to $3.31 billion.

The company expects revenue of $3.325 billion to $3.4 billion in FY27, including comparable store restaurant sales growth of 3-5 per cent and no new store openings