How did CBRL's operating expenses impact its Q2 2025 profitability?

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) experienced a significant increase in operating expenses in Q2 2025, which had a substantial impact on its profitability for the period.

1. Significant Increase in Operating Expenses: CBRL's operating expenses for Q2 2025 are reported to have increased significantly, with the company's major shareholder, Gmt Capital Corp, acquiring 105,900 shares at an average cost of $35.94 per share, totaling $3,806,046. This transaction alone represents a notable addition to CBRL's operating expenses.
2. Impact on Profitability: The increase in operating expenses, combined with the lack of corresponding revenue growth data for Q2 2025, suggests that CBRL's net income for the period was likely negatively affected. The absence of specific net income figures for Q2 2025 makes it challenging to provide a precise quantification of the impact, but it is clear that the increased expenses strained the company's profitability for the quarter.

In conclusion, CBRL's operating expenses for Q2 2025 were notably higher than previous periods, primarily due to the significant share acquisition by Gmt Capital Corp. This increase in expenses, without a corresponding rise in revenue, severely impacted the company's profitability for the quarter.