CBRL · CIK 0001067294
What Cracker Barrel Old Country Store, Inc. told the SEC could break it.
Cracker Barrel's disclosures split between its two businesses' cost pressures. On the restaurant side, margins ride on food-commodity inflation — it absorbed 2.1% in fiscal 2025 and expects 2.5% to 3.5% in 2026, requiring continued menu pricing. On the retail side, much of its product is sourced abroad, particularly from China, so newly imposed tariffs cost roughly $2.4 million in the fourth quarter of fiscal 2025 and further trade-policy changes could raise costs; certain branded items are single-source lines, and the majority of its retail inventory flows through a single Lebanon, Tennessee warehouse (with store fixtures through a second TN warehouse), so a disruption at either could materially impair its retail operations.
4 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Commodity & input dependence
- food-commodity inflation (2.1% in 2025; 2.5-3.5% expected in 2026)medium
Cracker Barrel's restaurant margins depend on food-commodity costs; it absorbed 2.1% commodity inflation in fiscal 2025 and expects 2.5%-3.5% in 2026, requiring continued menu-pricing actions to protect cost of goods sold.
“commodity inflation of 2.1% in 2025. We presently expect the rate of commodity inflation to be approximately 2.5% to 3.5% in 2026.”
SEC filing →As of 2025
Geographic concentration
- majority of retail inventory through a single Lebanon, TN distribution centermedium
The majority of Cracker Barrel's retail inventory flows through one warehouse in Lebanon, TN (with store decorative fixtures handled by a separate single TN warehouse); a natural disaster or disruption at either facility could materially impair its retail operations.
“The majority of our retail inventory is shipped into, stored at and shipped out of a single warehouse located in Lebanon, Tennessee. All of the decorative fixtures used in our stores are shipped into, stored at and shipped out of a separate warehouse that is also located in Lebanon, Tennessee.”
SEC filing →As of 2025
Regulatory & policy
- tariffs on foreign-sourced (China) retail products — ~$2.4M Q4 2025 impactmedium
Much of Cracker Barrel's retail product is sourced abroad, particularly from China; newly imposed tariffs and trade-policy changes cost roughly $2.4M in Q4 fiscal 2025, and further tariffs could raise costs despite vendor-negotiation, resourcing and SKU-reduction mitigation.
“In the fourth quarter of 2025, we incurred approximately $2,400 related to newly imposed tariffs and recent changes in trade policy.”
SEC filing →As of 2025
Sole-source dependency
- single-source branded retail items and occasional single-supplier products/servicesmedium
While Cracker Barrel is generally not dependent on single supply sources, certain branded retail items are single-source product lines and in some cases it has only one supplier for a product or service — exposing it to shortages, interruptions, price fluctuations and switching litigation.
“However, in our stores, certain branded items are single source products or product lines.”
SEC filing →As of 2025
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch