{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-062546","form_type":"8-K","ticker":"CBRL","cik":"0001067294","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.155731+00:00","generated_at":"2026-06-01T18:51:01.489680+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cracker Barrel slashes dividend to $0.25/share, warns Q3/Q4 results below expectations","bullets":["Declared quarterly dividend of $0.25/share (payable Aug 6, 2024; record Jul 19); reduction from prior level to support increased investment.","Fiscal 2027 targets: sales $3.8B-$3.9B, adjusted EBITDA $375M-$425M.","Fiscal 2024 Q3 and Q4 results expected below prior expectations due to weaker-than-anticipated traffic; store closures and impairment charges in Q3.","Fiscal 2025 adjusted EBITDA expected relatively in line with or slightly lower than FY2024; capital expenditures $160M-$180M.","Three-year capex plan (FY2025-2027) of approximately $600M-$700M, with store remodel acceleration after test of 25-30 stores in FY2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-062546","json":"https://secwatch.observer/filing/0001104659-24-062546.json","markdown":"https://secwatch.observer/filing/0001104659-24-062546.md","text":"https://secwatch.observer/filing/0001104659-24-062546.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/0001104659-24-062546-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/tm2414611d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T18:51:01.489680+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55710a91e7b57945b89f853c4b13a155348f4446","claim":"CRACKER BARREL OLD COUNTRY STORE, INC updated its third and fourth quarter fiscal 2024 guidance (lowered).","evidence_excerpt":"The Company expects its third and fourth quarter fiscal 2024 financial results will be below its previous expectations, primarily due to weaker than anticipated traffic.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/0001104659-24-062546-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third and fourth quarter fiscal 2024"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"76076bc3830ab4c73467a042c2f17714296189c0","claim":"CRACKER BARREL OLD COUNTRY STORE, INC reported fiscal 2027 results: revenue $3.8 billion to $3.9 billion. Guidance initiated.","evidence_excerpt":"The Company provided a long-term outlook and expects fiscal 2027 sales of approximately $3.8 billion to $3.9 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/0001104659-24-062546-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2027"},{"label":"Revenue","value":"$3.8 billion to $3.9 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}