---
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"
generated_at: "2026-06-01T18:51:01.489680+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cracker Barrel slashes dividend to $0.25/share, warns Q3/Q4 results below expectations

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-062546
- JSON: https://secwatch.observer/filing/0001104659-24-062546.json
- Plain text: https://secwatch.observer/filing/0001104659-24-062546.txt

## Key facts
- Earnings Releases
  CRACKER BARREL OLD COUNTRY STORE, INC updated its third and fourth quarter fiscal 2024 guidance (lowered).
  - Period: third and fourth quarter fiscal 2024
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/0001104659-24-062546-index.htm
- Earnings Releases
  CRACKER BARREL OLD COUNTRY STORE, INC reported fiscal 2027 results: revenue $3.8 billion to $3.9 billion. Guidance initiated.
  - Period: fiscal 2027
  - Revenue: $3.8 billion to $3.9 billion
  - Guidance: initiated
  - Result: guidance update
  source text: The Company provided a long-term outlook and expects fiscal 2027 sales of approximately $3.8 billion to $3.9 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1067294/000110465924062546/0001104659-24-062546-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.