Core Insights - Cracker Barrel Old Country Store (CBRL) reported first-quarter fiscal 2026 results with adjusted loss per share narrower than expectations, but revenues fell short of estimates [1][3][8] Financial Performance - For Q1 fiscal 2026, CBRL reported an adjusted loss per share of 74 cents, better than the Zacks Consensus Estimate of a loss of 78 cents, compared to an adjusted EPS of 45 cents in the same quarter last year [3][8] - Quarterly revenues were $797.2 million, missing the consensus mark of $801 million, and decreased by 5.7% year over year [3][8] Comparable Sales - Comparable-store restaurant sales decreased by 4.7% year over year, while comparable-store retail sales fell by 8.5% [4][8] Operational Challenges - The company faced a difficult macro and industry backdrop, leading to softer traffic patterns and operational challenges that affected food initiatives [2][8] - Adjusted net loss for the quarter was $16.4 million, compared to adjusted net income of $10.2 million in the prior year [6] Cost and Expenses - Cost of goods sold (excluding depreciation and rent) was $248.4 million, down 4% year over year, but as a percentage of total revenues, it increased by 60 basis points to 31.2% [5] - General and administrative expenses totaled $48 million, down 20% year over year [5] Balance Sheet - As of October 31, 2025, cash and cash equivalents were $8.9 million, down from $11.5 million a year earlier, while inventory increased by 3.6% to $209.1 million [7] - Long-term debt decreased to $400.9 million from $527 million a year ago [7] Fiscal 2026 Guidance - CBRL revised its fiscal 2026 revenue guidance to a range of $3.2-$3.3 billion, down from $3.35-$3.45 billion, and adjusted EBITDA expectations to $70 million to $110 million, down from $150 million to $190 million [9][10] - The company anticipates commodity inflation in the range of 2.5-3.5% and hourly wage inflation of 3% to 4% [9]

Core Insights - Cracker Barrel's turnaround is progressing slower than anticipated due to recent controversies and an attempted rebrand that upset consumers [1][2] - The company's first-quarter results fell short of expectations, attributed to ongoing challenges, indicating that recovery will require more time [1] - CEO Julie Masino emphasized the need to regain customer trust and confidence, acknowledging that while some guests appreciate improvements, many are still hesitant to return [2] Financial Performance - First-quarter results were described as "below expectations," highlighting the impact of unique headwinds on performance [1] - The company is executing a recovery plan with the goal of returning to the growth trajectory seen in fiscal year 2025 [2] Customer Experience - Cracker Barrel is focused on enhancing food quality and guest experience, although it recognizes that more work is needed to win back all customers [2] - The company has a workforce of approximately 70,000 team members, indicating a significant operational scale [2]

Core Insights - Cracker Barrel is focused on rebuilding customer trust following a logo controversy that contributed to a decline in sales over the past quarter [1][4] Financial Performance - For the financial quarter from August 1 to October 31, Cracker Barrel reported a revenue decrease of 5.7% compared to the same quarter the previous year [2] Brand Reputation Issues - The company is currently facing a brand reputation issue, which CEO Julie Felss Masino described as requiring a process of rebuilding trust with customers [4] - The backlash stemmed from a rebranding effort that included a new logo, which was later reversed after customer complaints [3][8] Menu and Staff Initiatives - Cracker Barrel is returning to its roots by reintroducing popular menu items such as Campfire Meals and Uncle Herschel's breakfast, and retraining staff on classic recipes [5] - The company sees this as an opportunity for both brand rebuilding and sales growth [6]

Core Message - Cracker Barrel Old Country Store is promoting special holiday offerings to enhance family gatherings and celebrations during the festive season, including free toys with kids' meals and convenient meal solutions for hosting [1][2][5]. Group 1: Holiday Promotions - From December 10 to December 24, every dine-in kid's meal comes with a free toy valued at $5 or less, aimed at providing joy to families during the holiday season [1][2]. - The company is offering a "Meals for Two" promotion available Monday through Friday, starting at $19.99, which includes a shareable starter or dessert and two full-sized entrées [4][8]. - Holiday Heat & Serve meals are available for pre-order, designed to simplify hosting with fully prepared meals ready in three hours or less, available for pickup between December 21 and 28 [5][6]. Group 2: Product Offerings - The Holiday Heat & Serve meals include options such as a Holiday Ham Heat & Serve Feast serving 8-10 people, a Holiday Ham Heat & Serve Family Dinner serving 4-6 people, and a Prime Rib Heat & Serve Family Dinner also serving 4-6 people [6]. - Seasonal pies are offered in flavors like Apple Streusel, Pecan, Chocolate Pecan, and Cinnamon Roll, enhancing the holiday dining experience [6]. Group 3: Company Background - Cracker Barrel Old Country Store, Inc. has been serving homestyle food since 1969 and operates approximately 660 locations across 43 states, emphasizing a legacy of warmth and tradition [9].

U.S. stock futures were slightly higher this morning, with the S&P 500 futures gaining around 0.1% on Wednesday.Shares of Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY26 sales guidance below estimates.Cracker Barrel reported first-quarter revenue of $797.19 million, missing analyst estimates of $802.22 million. The restaurant operator reported a first-quarter adjusted loss of ...

U.S. stock futures were slightly higher this morning, with the S&P 500 futures gaining around 0.1% on Wednesday.Shares of Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY26 sales guidance below estimates.Cracker Barrel reported first-quarter revenue of $797.19 million, missing analyst estimates of $802.22 million. The restaurant operator reported a first-quarter adjusted loss of ...

Cracker Barrel shares fell sharply on Wednesday after the Tennessee-based restaurant-and-retail chain cut its annual revenue forecast and posted weaker-than-expected quarterly results, weighed down by... ...

Core Insights - Braze Inc (NYSE:BRZE) shares increased significantly in pre-market trading after the company raised its FY2026 adjusted EPS and sales guidance due to better-than-expected third-quarter revenue [1] - The company reported quarterly adjusted earnings of $0.06 per share, meeting analyst estimates, while quarterly revenue reached $190.84 million, surpassing the Street estimate of $184.08 million [1] - Following these announcements, Braze shares jumped 14.2% to $35.00 in pre-market trading [1] Company Performance - Braze's quarterly adjusted earnings were $0.06 per share, aligning with analyst expectations [1] - The reported quarterly revenue of $190.84 million exceeded the anticipated $184.08 million [1] - The positive financial results led to a 14.2% increase in share price during pre-market trading [1]

Market Overview - U.S. stocks showed mixed performance as traders prepared for the Federal Reserve meeting, with major indexes consolidating near recent highs after a strong year-end run for value stocks [1] - The Dow Jones Industrial Average decreased by almost 0.4% to 47,560.29, while the S&P 500 fell 0.09% to 6,840.51, and the Nasdaq increased by 0.1% to 23,576.48 [1] GameStop Corp. (NYSE:GME) - GameStop's stock declined by 1.03% to close at $23.11, with intraday trading between a high of $24.00 and a low of $23.10, remaining within its 52-week range of $19.93 to $35.81 [2] - The company reported third-quarter revenue of $821 million, missing estimates and down 4.5% year-over-year, while adjusted earnings of 24 cents exceeded expectations [3] - Hardware and software sales decreased, but collectibles sales increased, and operating income improved to $41.3 million from a loss in the previous year [3] - GameStop ended the quarter with $8.8 billion in cash and securities, including $519.4 million in Bitcoin, and did not hold an earnings call [3] JPMorgan Chase & Co. (NYSE:JPM) - JPMorgan's shares fell by 4.67% to $300.51, with intraday trading between a high of $318.80 and a low of $300.02, remaining below its recent 52-week high of $322.25 [4] - Investors are analyzing how the upcoming rate decision could influence the bank's growth phase, particularly regarding net interest margins and fee-driven businesses [5] AeroVironment - AeroVironment's stock eased by 0.37% to finish at $281.42, with intraday trading between a high of $291.50 and a low of $278.50, significantly above its 52-week low of $102.25 [6] - The company reported second-quarter revenue of $472.5 million, surpassing estimates, but adjusted EPS was 44 cents, below the expected 78 cents [7] - AeroVironment lowered its fiscal 2026 EPS outlook while slightly raising revenue guidance, leading to a decline in shares during extended trading [7] GE Vernova Inc. (NYSE:GEV) - GE Vernova's shares increased by 0.55% to close at $625.30, with intraday trading between $636.88 and $613.20, close to the upper end of its 52-week range of $252.25 to $677.29 [8] - The stock was positively influenced by a multi-year investor update, where the company doubled its dividend and set ambitious revenue targets through 2028 [9] - GE Vernova's 2025 revenue outlook is projected at $36–$37 billion, with 2026 guidance of $41–$42 billion, and an expected 2028 revenue of $52 billion, up from a previous forecast of $45 billion [10] - The company reported 18 GW of gas turbine contracts this quarter and anticipates its backlog to grow from $135 billion to $200 billion by 2028, while raising its cumulative free cash flow outlook to at least $22 billion [10] Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) - Cracker Barrel's stock rose by 1.43% to end at $27, with intraday trading between a high of $28.21 and a low of $26.82, trading just above its 52-week low of $25.62 [11] - The company reported first-quarter revenue of $797.19 million and an adjusted loss of 74 cents per share, both missing expectations, with sales down 5.7% from last year [12][13] - Cracker Barrel reduced its fiscal 2026 revenue outlook to $3.2–$3.3 billion and declared a 25-cent quarterly dividend, while the CEO indicated ongoing operational changes to stabilize traffic and margins [12][13]

Market Overview - US stock futures remained stable as investors awaited the Federal Reserve's final policy decision of the year, with Dow Jones, S&P 500, and Nasdaq 100 futures all falling below the flatline [1] - Investors are cautious, with a nearly 90% chance priced in for a third consecutive quarter-point rate cut by the Federal Reserve [2] Federal Reserve Insights - FOMC members are divided on the need for easier policy, with some advocating for support of a cooling labor market while others warn of potential inflation risks [3] - The post-meeting statement and Chair Jerome Powell's press conference are highly anticipated for insights on future policy direction [3] Company Performance - GameStop (GME) stock fell 6% after missing quarterly revenue estimates, reporting $821 million in revenue compared to $860.3 million in the same quarter last year, and analysts had expected $987 million [9] - GE Vernova (GEV) shares rose 6% after the company doubled its dividend, indicating strong demand for natural gas-fired power [11] - Cracker Barrel (CBRL) stock dropped 8% after reporting lower-than-expected sales and trimming its revenue forecast for the fiscal first quarter [5][6] Commodity Market - Global bond yields reached their highest levels since 2009, indicating investor concerns about the end of interest-rate cutting cycles in the US [4] - Silver prices surged past $60 an ounce, driven by supply tightness and expectations of further monetary easing by the Federal Reserve [4][12]