Cracker Barrel sells Maple Street Biscuit, raises fiscal 2026 outlook
Cracker Barrel has sold its Maple Street Biscuit Company and executed a sale-leaseback transaction for 26 restaurant locations to reduce debt and sharpen focus on the core brand. The company expects improved adjusted EBITDA starting in fiscal 2027, while also raising its fiscal 2026 revenue and earnings guidance.
Tickers: $CBRL
Topics: debt reduction M&A strategic focus