NasdaqGS:CBRLHospitality
Cracker Barrel’s Portfolio Exit And Sale-Leaseback Moves Might Change The Case For Investing In CBRL
Cracker Barrel Old Country Store has completed the sale of its Maple Street Biscuit Company business and a $77 million sale-leaseback of 26 restaurants, using the proceeds primarily to reduce debt and sharpen its focus on the core brand.
At the same time, the company has raised its fiscal 2026 revenue and adjusted EBITDA outlook, signaling management’s confidence that these portfolio and real estate moves will improve profitability despite near-term non-cash charges.
Now we’ll examine how...