Cracker Barrel (CBRL) is set to report its quarterly results Wednesday after market close.
The stock has faced a turbulent month as investors responded to backlash against its new logo and redesigns.
The company has since reverted to its previous logo and paused restaurant redesigns. Now, investors are eager to hear more about how its the logo-related ‘hubbub’ drove near-term traffic to the country restaurant.
Based on Bloomberg consensus estimates, Wall Street expects Cracker Barrel’s fourth quarter revenue for its 2025 fiscal year to fall 4% from a year ago to roughly $855 million and adjusted earnings per share to fall 22% to $0.76 from $0.98. Its fourth quarter ended August 1, prior to the unveiling of the company’s new logo on Aug 19.
Despite the recent noise, same-store sales for the quarter are expected to rise 3.49% compared to the 0.45% decline it saw in the same time period last year.
For the full year, Cracker Barrel previously said it expected fiscal 2025 revenue to come in between $3.45 billion and $3.5 billion.
Investors are also eyeing the company’s long-term outlook. Cracker Barrel previously said it projects 2027 sales between $3.8 billion and $3.9 billion.
At the time of that multiyear guidance, the company said it was in the “process of testing [restaurant] remodel prototypes” and expected “to complete 25 to 30 remodels in fiscal 2025.”
But those remodels have been suspended, and Cracker Barrel has said it will instead invest in its existing restaurants “to make sure that they are in good shape” and meet customers’ expectations.
The stock is down roughly 4% year-to-date, compared to the S&P 500’s (^GSPC) 12% gain.
