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Leases

12 Months Ended

Aug. 01, 2025

As of August 01, 2025, the Company had not entered into any agreements for real estate leases that are not recorded as right-of-use assets or lease liabilities on the Consolidated Balance Sheet.

The following table summarizes the components of lease cost for operating leases for each of the three years:



	2025		2024		2023
Operating lease cost	$	111,141	$	110,661	$	109,908
Short term lease cost		3,036		3,509		2,947
Variable lease cost		3,893		3,522		3,669
Total lease cost	$	118,070	$	117,692	$	116,524

The following table summarizes supplemental cash flow information and non-cash activity related to the Company’s operating leases for each of the three years:


	2025		2024		2023
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	98,186	$	97,014	$	95,294
Noncash information:
Right-of-use assets obtained in exchange for new operating lease liabilities		7,358		14,219		17,378
Lease modifications or reassessments increasing right-of-use assets		23,307		23,532		11,320
Lease modifications removing right-of-use assets		(1,002)		(2,133)		(413)
Right-of-use asset impairment*		(1,381)		(1,832)		—

*Included in the Impairment line on the Consolidated Statement of Cash Flows

The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of August 01, 2025, August 02, 2024 and July 28, 2023:


	2025		2024		2023
Weighted-average remaining lease term	15.20 Years		15.88 Years		16.88 Years
Weighted-average discount rate	5.45	%	5.38	%	5.09	%

The following table summarizes the maturities of undiscounted cash flows reconciled to the total operating lease liability as of August 01, 2025:


Year	Total
2026	$	86,208
2027		74,138
2028		70,024
2029		66,354
2030		59,821
Thereafter		687,788
Total future minimum lease payments		1,044,333
Less imputed remaining interest		(349,359)
Total present value of operating lease liabilities	$	694,974

Sale and Leaseback Transactions

In 2009, the Company completed sale and leaseback transactions involving 15 of its Cracker Barrel stores and its retail distribution center. Under the transactions, the land, buildings and building improvements at the locations were sold and leased back for terms of 20 and 15 years, respectively. The leases include specified renewal options for up to 20 additional years.

In 2020, the Company completed a sale and leaseback transaction involving 64 Cracker Barrel stores. Under the transaction, the land, buildings and building improvements at the locations were sold and leased back for initial terms of 20 years and renewal options up to 50 years.

In 2021, the Company completed a sale and leaseback transaction involving 62 Cracker Barrel stores. Under the transaction, the land, buildings and building improvements at the locations were sold and leased back for initial terms of 20 years and renewal options up to 50 years.