Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) shares are trading higher after the company reported better-than-expected third-quarter results and raised its FY26 sales guidance above estimates.

Revenue of $797.37 million, beating analyst estimates of $776.69 million.

The restaurant operator reported adjusted EPS of 29 cents, beating estimates for a loss of 45 cents per share, according to Benzinga Pro.

Adjusted EBITDA declined to $40.3 million from $48.1 million a year earlier, although results exceeded expectations due to effective cost management and operational improvements.

Key Metrics & Segment Performance

Cracker Barrel’s traffic fell 6.7% year over year, partly offset by a 4.3% increase in average check driven by pricing. Restaurant revenue totaled $658.4 million, while comparable sales declined 2.6%.

Retail revenue was $139 million, with comparable sales down ...