---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-085071"
form_type: "8-K"
ticker: "CBRL"
cik: "0001067294"
company_name: "CRACKER BARREL OLD COUNTRY STORE, INC"
filed_at: "2026-07-20T20:12:11+00:00"
generated_at: "2026-07-20T20:13:16.899156+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Cracker Barrel completes $77M sale-leaseback of 26 stores and divests Maple Street Biscuit Company, raises outlook

## Summary
- Sale-leaseback of 26 Cracker Barrel stores generated net proceeds of approximately $77 million, to be used for debt repayment.
- Divestiture of Maple Street Biscuit Company assets to Biscuit Belly, LLC; 35 locations sold and 16 remaining to be closed.
- Expected non-cash charges of $37M-$39M and cash exit costs of $6M-$8M related to MSBC divestiture.
- Company raises fiscal 2026 outlook, expects to exceed high end of revenue range and exceed adjusted EBITDA guidance of $120M-$125M.
- Comparable store restaurant sales decreased ~2.5% and retail sales increased ~0.5% in first 11 weeks of Q4.

## SEC filing metadata
- accession: 0001104659-26-085071
- form_type: 8-K
- ticker: CBRL
- cik: 0001067294
- company_name: CRACKER BARREL OLD COUNTRY STORE, INC
- filed_at: 2026-07-20T20:12:11+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.03, 8.01, 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1067294/000110465926085071/0001104659-26-085071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1067294/000110465926085071/tm2620848d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-085071
- JSON: https://secwatch.observer/filing/0001104659-26-085071.json
- Plain text: https://secwatch.observer/filing/0001104659-26-085071.txt

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