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00:02Cracker Barrel shares rose in After Hours Trading Monday after the company announced asset sales
00:08and raised its fiscal 2026 outlook, according to Benzinga. The restaurant chain generated
00:14about $77 million from a sale-leaseback deal involving 26 stores and plans to use the proceeds
00:21to reduce debt. Cracker Barrel also sold the Maple Street Biscuit Company trademark
00:26and 35 locations to Biscuit Belly. It will close the remaining 16 locations and expects up to $47
00:33million in related fourth-quarter charges. Comparable restaurant sales fell about 2.5%
00:38during the first 11 weeks of the quarter, while retail sales rose about 0.5%.
00:44Cracker Barrel now expects revenue at or above the high end of its previous range
00:49and adjusted EBITDA above prior guidance. For all things money, visit Benzinga.com.
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