Cracker Barrel Stock Climbs On Strong Q3 Earnings Result

Cracker Barrel Old Country Store (CBRL) reported better-than-expected Q3 earnings with revenue of $797.37 million beating estimates and adjusted EPS of 29 cents versus expected loss of 45 cents. The company raised FY26 revenue guidance to $3.27-$3.30 billion and adjusted EBITDA outlook to $120-$125 million. Wells Fargo upgraded the stock from Equal-Weight to Overweight with a price target of $50. Shares surged 29.74% following the announcement.