Cracker Barrel reported solid Q2 FY2025 operating performance with total revenue of $949.4 million, up 1.5% year over year, driven by a 4.7% comp-store restaurant sales increase and a continued shift toward more profitable channels. Management highlighted notable profitability improvements in Heat n’ Serve and holiday catering, which contributed to Adjusted EBITDA of $74.6 million (7.9% of revenue), leading to an elevation of FY2025 EBITDA guidance to $210–$220 million. GAAP EBITDA was $62.5 million for the quarter, with net income of $22.2 million and GAAP EPS of $0.99 (Adjusted EPS $1.38). The company also underscored progress across its transformation pillars (brand refinement, menu evolution, store and guest experience, digital/off-premise, and store remodels), and reiterated a multi-year plan that emphasizes profitability, guest value, and capital discipline.