MarketPR
A $77 million sale-leaseback on 26 owned restaurant locations and the exit from Maple Street Biscuit Company have shifted the balance sheet picture at Cracker Barrel Old Country Store (CBRL), which now expects to meet or exceed the high end of its fiscal 2026 revenue guidance and surpass its adjusted EBITDA forecast.
The Tennessee chain sold most of Maple Street to Biscuit Belly and is closing the remaining 16 Maple Street locations.
Restaurant-level sales are still running slightly below last year, which is the number that defines whether the operational reset has fully landed.
The transactions behind the raise The sale-leaseback generated approximately $77 million in proceeds, money the company says it plans to direct toward debt reduction.
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