# Cracker Barrel's $12.47 million operating loss became $31.675 million of net income

![Cracker Barrel's $12.47 million operating loss became $31.675 million of net income](https://aiswingx.com/static/covers/cbrl-fy2026_cover.jpg?v=1790551949)

**Fiscal 2026 10-K: one item in the $47 million range sits above the operating line and another below it, and the two differ by $1,000**

Cracker Barrel (CBRL) reported an operating loss of $12.47 million for fiscal 2026. Net income for the same year was $31.675 million. One item in the $47 million range sits above the operating line and another below it, and income tax was recorded as a benefit. All amounts in the 10-K are presented in thousands.

- 종목: CBRL (Cracker Barrel Old Country Store, Inc.)
- 분기: FY2026 · 10-K
- 작성: 2026-09-27 23:32 UTC · 업데이트: 2026-09-28 12:17 UTC
- 원문: https://aiswingx.com/p/cbrl-fy2026

## 숫자 하나
A fiscal 2026 operating loss of $12.47 million and net income of $31.675 million. A sale and leaseback gain of $47.421 million sits above the operating line and litigation settlement income of $47.422 million below it. Income tax was a benefit of $11.102 million, an effective rate of −54.0%.

## 비유 하나
(구독자 전용)

## 출처 하나
Cracker Barrel Old Country Store, Inc. Form 10-K (fiscal 2026, filed 2026-09-25, accession 0001104659-26-110772): consolidated statements of income, consolidated balance sheets, consolidated statements of cash flows, Note 8 on the sale and leaseback, Note 12 on the litigation settlement, Note 13 on the MSBC divestiture, the segment note, and the Total Revenue, Gain on Sale and Leaseback Transaction, Impairment and Store Closing Costs and Income Tax Benefit discussions in MD&A. The 10-K presents all amounts in thousands; figures here are converted to dollars. Annual figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Cracker Barrel Old Country Store (CBRL) operates restaurants with attached gift shops, mostly along US highways. Its fiscal 2026 year ended on July 31, 2026, and the 10-K was filed on September 25, 2026. **All amounts in the 10-K are presented in thousands; figures here are converted to dollars.**

Two lines from the income statement.

| Item | FY2026 |
|---|---|
| **Operating result** | **−$12.470 million** |
| Pre-tax income | +$20.573 million |
| Income tax | **−$11.102 million (benefit)** |
| **Net income** | **+$31.675 million** |

In a year with an operating loss, $31.675 million of net income remained. A year earlier operating income was $55.029 million and net income $46.379 million. **The operating result deteriorated by $67.5 million while net income fell by only $14.704 million.**

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## FAQ

**Q. How can there be an operating loss and net income at the same time?**

It places the operating result and the bottom-line figure side by side exactly as the income statement reports them. Both appear in this 10-K's consolidated statements of income and are in the free table above.

**Q. Does the operating loss already include a one-time gain?**

Yes. A sale and leaseback gain sits as its own line above the operating result. The amount and the number of properties involved are in the subscriber section.

**Q. What was the litigation settlement income?**

The company recorded a settlement in credit card interchange fee litigation, net of legal fees. The timing and the amount are in the subscriber section.

**Q. Did the company give a reason for the drop in guest traffic?**

The company states the main reason for the decline itself. That sentence is reproduced verbatim in the subscriber section.

**Q. Where can I verify this directly?**

Open Cracker Barrel Old Country Store, Inc.'s fiscal 2026 Form 10-K (accession 0001104659-26-110772) on SEC EDGAR and read the consolidated statements of income, Note 8 on the sale and leaseback, Note 12 on the litigation settlement, and Note 13 on the MSBC divestiture.