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Cracker Barrel sells Maple Street to Biscuit Belly, raises $77M

7/23/2026

50 11 Full Breakdown

Summary

Story summary

Cracker Barrel sold the Maple Street brand and 35 restaurants to Biscuit Belly, closing 16 locations.
A sale-leaseback of 26 sites will raise about $77 million to cut debt.
Cracker Barrel forecasts FY2026 revenue of $3.27-$3.30 billion and adjusted EBITDA of $120-$125 million, meeting guidance.
Biscuit Belly will rebrand the 35 restaurants over 18-24 months, starting January 2027 in Cincinnati and Richmond, targeting about 60 locations by end-2028.

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Story summary

Cracker Barrel sold the Maple Street brand and 35 restaurants to Biscuit Belly, closing 16 locations.
A sale-leaseback of 26 sites will raise about $77 million to cut debt.
Cracker Barrel forecasts FY2026 revenue of $3.27-$3.30 billion and adjusted EBITDA of $120-$125 million, meeting guidance.
Biscuit Belly will rebrand the 35 restaurants over 18-24 months, starting January 2027 in Cincinnati and Richmond, targeting about 60 locations by end-2028.