{"filing":{"accession_number":"0001104659-26-085071","cik":"0001067294","ticker":"CBRL","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","form":"8-K","filing_date":"2026-07-20","report_date":null,"primary_document":"tm2620848d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1067294/000110465926085071/tm2620848d1_8k.htm"},"events":[{"id":18795,"run_id":16910,"accession_number":"0001104659-26-085071","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"The company completed a sale-leaseback transaction of 26 company-owned store locations, generating approximately $77 million in net proceeds that will be deployed toward debt reduction. This transaction creates a new direct financial obligation in the form of lease liabilities on the balance sheet.","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20","form":"8-K","submitted_at":null,"items":[{"id":17711,"accession_number":"0001104659-26-085071","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 discloses a sale-leaseback transaction for 26 company-owned store locations generating approximately $77 million in net proceeds, which the company intends to deploy toward debt reduction. While the primary economic effect is a capital raise and debt reduction strategy, the sale-leaseback creates a new direct financial obligation—the lease liability—that must be recognized on the balance sheet. This is a material financing transaction that affects the company's capital structure and leverage profile.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""},{"id":17714,"accession_number":"0001104659-26-085071","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The disclosure announces completion of two material transactions: (1) a sale-leaseback of 26 company-owned store locations generating ~$77 million in net proceeds for debt reduction, and (2) divestiture of Maple Street Biscuit Company assets to Biscuit Belly, LLC with closure of 16 remaining MSBC locations. These constitute material dispositions and changes to the company's asset base and operational structure, with expected non-cash charges of $37-39 million and cash charges of $6-8 million in Q4 FY2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""},{"id":17715,"accession_number":"0001104659-26-085071","item_number":"8.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.72,"reasoning":"This Item 8.01 disclosure covers two distinct material events: (1) a sale-leaseback of 26 properties generating ~$77 million in net proceeds to reduce debt, and (2) divestiture of MSBC assets and closure of 16 MSBC locations with expected non-cash charges of $37–39 million and cash exit costs of $6–8 million. The sale-leaseback is a significant capital transaction and debt reduction strategy; the MSBC divestiture involves material impairment and exit charges. While the MSBC component could be classified as `material_impairment` (the $10–11 million impairment charge plus $27–28 million loss on sale), the disclosure is dominated by the sale-leaseback transaction and the strategic repositioning of the company's real estate and business portfolio. The combined effect—debt reduction, asset monetization, and business exit—is best characterized as a material financial restructuring that does not fit neatly into a single named category, making `financial_other` the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":18796,"run_id":16910,"accession_number":"0001104659-26-085071","anchor_item_number":"2.06","event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The company divested Maple Street Biscuit Company (MSBC) assets to Biscuit Belly, LLC and closed 16 remaining MSBC locations, resulting in expected non-cash impairment charges of approximately $37 million to $39 million and additional cash charges of $6 million to $8 million in Q4 fiscal 2026.","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20","form":"8-K","submitted_at":null,"items":[{"id":17712,"accession_number":"0001104659-26-085071","item_number":"2.05","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 2.05 discloses exit and disposal costs associated with the closure of 16 Maple Street Biscuit Company locations and the divestiture of MSBC assets. The filing explicitly states the Company \"expects to recognize non-cash charges of approximately $37 million to $39 million\" and \"additional cash charges of approximately $6 million to $8 million associated with exiting the business.\" This is a material operational restructuring with quantified exit costs, fitting the workforce_reduction category which encompasses operational restructuring and associated exit/disposal costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""},{"id":17713,"accession_number":"0001104659-26-085071","item_number":"2.06","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 2.06 explicitly discloses material impairment charges related to the Maple Street Biscuit Company (MSBC) divestiture. The company expects to recognize non-cash charges of approximately $37 million to $39 million during Q4 fiscal 2026, plus additional cash charges of $6 million to $8 million associated with exiting the business. This is a classic material impairment scenario involving write-down of assets in connection with a business divestiture and closure of 16 MSBC locations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""},{"id":17714,"accession_number":"0001104659-26-085071","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The disclosure announces completion of two material transactions: (1) a sale-leaseback of 26 company-owned store locations generating ~$77 million in net proceeds for debt reduction, and (2) divestiture of Maple Street Biscuit Company assets to Biscuit Belly, LLC with closure of 16 remaining MSBC locations. These constitute material dispositions and changes to the company's asset base and operational structure, with expected non-cash charges of $37-39 million and cash charges of $6-8 million in Q4 FY2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""},{"id":17715,"accession_number":"0001104659-26-085071","item_number":"8.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.72,"reasoning":"This Item 8.01 disclosure covers two distinct material events: (1) a sale-leaseback of 26 properties generating ~$77 million in net proceeds to reduce debt, and (2) divestiture of MSBC assets and closure of 16 MSBC locations with expected non-cash charges of $37–39 million and cash exit costs of $6–8 million. The sale-leaseback is a significant capital transaction and debt reduction strategy; the MSBC divestiture involves material impairment and exit charges. While the MSBC component could be classified as `material_impairment` (the $10–11 million impairment charge plus $27–28 million loss on sale), the disclosure is dominated by the sale-leaseback transaction and the strategic repositioning of the company's real estate and business portfolio. The combined effect—debt reduction, asset monetization, and business exit—is best characterized as a material financial restructuring that does not fit neatly into a single named category, making `financial_other` the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":17711,"accession_number":"0001104659-26-085071","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 discloses a sale-leaseback transaction for 26 company-owned store locations generating approximately $77 million in net proceeds, which the company intends to deploy toward debt reduction. While the primary economic effect is a capital raise and debt reduction strategy, the sale-leaseback creates a new direct financial obligation—the lease liability—that must be recognized on the balance sheet. This is a material financing transaction that affects the company's capital structure and leverage profile.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20"},{"id":17712,"accession_number":"0001104659-26-085071","item_number":"2.05","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 2.05 discloses exit and disposal costs associated with the closure of 16 Maple Street Biscuit Company locations and the divestiture of MSBC assets. The filing explicitly states the Company \"expects to recognize non-cash charges of approximately $37 million to $39 million\" and \"additional cash charges of approximately $6 million to $8 million associated with exiting the business.\" This is a material operational restructuring with quantified exit costs, fitting the workforce_reduction category which encompasses operational restructuring and associated exit/disposal costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20"},{"id":17713,"accession_number":"0001104659-26-085071","item_number":"2.06","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 2.06 explicitly discloses material impairment charges related to the Maple Street Biscuit Company (MSBC) divestiture. The company expects to recognize non-cash charges of approximately $37 million to $39 million during Q4 fiscal 2026, plus additional cash charges of $6 million to $8 million associated with exiting the business. This is a classic material impairment scenario involving write-down of assets in connection with a business divestiture and closure of 16 MSBC locations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20"},{"id":17714,"accession_number":"0001104659-26-085071","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The disclosure announces completion of two material transactions: (1) a sale-leaseback of 26 company-owned store locations generating ~$77 million in net proceeds for debt reduction, and (2) divestiture of Maple Street Biscuit Company assets to Biscuit Belly, LLC with closure of 16 remaining MSBC locations. These constitute material dispositions and changes to the company's asset base and operational structure, with expected non-cash charges of $37-39 million and cash charges of $6-8 million in Q4 FY2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20"},{"id":17715,"accession_number":"0001104659-26-085071","item_number":"8.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.72,"reasoning":"This Item 8.01 disclosure covers two distinct material events: (1) a sale-leaseback of 26 properties generating ~$77 million in net proceeds to reduce debt, and (2) divestiture of MSBC assets and closure of 16 MSBC locations with expected non-cash charges of $37–39 million and cash exit costs of $6–8 million. The sale-leaseback is a significant capital transaction and debt reduction strategy; the MSBC divestiture involves material impairment and exit charges. While the MSBC component could be classified as `material_impairment` (the $10–11 million impairment charge plus $27–28 million loss on sale), the disclosure is dominated by the sale-leaseback transaction and the strategic repositioning of the company's real estate and business portfolio. The combined effect—debt reduction, asset monetization, and business exit—is best characterized as a material financial restructuring that does not fit neatly into a single named category, making `financial_other` the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-20T20:13:52.139741+00:00","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","ticker":"CBRL","filing_date":"2026-07-20"}]}