Its senior clientele, among its most loyal, fled during the pandemic and many have since failed to return. In response, Cracker Barrel said last Thursday it plans to spend as much as $700 million over the next three years. Top brass says the company can fix some of its problems by updating its menu and marketing and "refreshing the interior and exterior" with a "different color palette." Cracker Barrel is undergoing a three year turnaround that will add booths and banquettes to its restaurants for the first ...

Cracker Barrel Old Country Store (CBRL) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

Dining out may have gained popularity during the post-lockdown recovery, but based on recent data, the American public may be losing some of its appetite for fast food, fast casual, and other dining establishments. This leaves restaurant stocks at risk of declining in price. Stocks in this sector have already been squeezed by factors like high inflation. During 2022 and 2023, the popularity of dining out stayed strong despite higher prices and smaller portions, but with U.S. economic growth slowing down, it ...

The company today announced that it's going to invest money to fix its business. Consequently, it's cutting its dividend by 80% so it can afford everything. Investors didn't like that, and it's why shares are down. Can Cracker Barrel turn it around? I'm not sure the decision is necessarily surprising. I've personally expected a dividend reduction for some time. But investors still didn't like it now that it's here. This dividend payer is drastically reducing its payments because it needs money to fix its bu ...

Key Takeaways Shares of Cracker Barrel Old Country Store (CBRL) plunged over 12% in intraday trading Friday after the restaurant and novelty store chain slashed its dividend as it embarked on what it called a "strategic transformation plan," and lowered its guidance. The company announced it would be reducing its quarterly dividend to 25 cents from $1.30 as part of its efforts to modify its capital allocation "to support increased investment in the business to drive organic growth." 'Strategic Transformatio ...

Cracker Barrel Old Country Store, Inc. (CBRL) recently announced an update on its third and fourth quarter of fiscal 2024 financial results. The company expects lower-than-anticipated traffic to negatively impact its performance. Additionally, it announced plans to accelerate investments in organic growth by reallocating capital and reducing its quarterly dividend to $0.25 per share from $1.30. Following the announcements, the stock declined 10.3% in after-hours trading on May 16. Q3 & Q4 Fiscal 2024 Update ...

Organic growth investments expected to accelerate financial performance in late fiscal 2026 and into fiscal 2027 Company provides update on third and fourth quarter fiscal 2024 LEBANON, Tenn., May 16, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today provided an update on its strategic transformation plan and announced changes to its capital allocation. Highlights The Company's strategic transformation plan is anchored on three overarching b ...

LEBANON, Tenn., May 16, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) will provide a real-time webcast and rebroadcast of its third quarter earnings conference call on Thursday, May 30, 2024, beginning at 11:00 a.m. Eastern Time. Company management will discuss financial results for the fiscal third quarter ended April 26, 2024. The live broadcast of Cracker Barrel's quarterly conference call will be available to the public online in the Event ...

New! Bee Sting Chicken Tenders starting at $12.99 and featuring Cracker Barrel's signature fried chicken tenders with a sweet sting! Includes crispy, hand-breaded tenders served with a new, sweet-heat honey glaze and a choice of two country sides, as well as hand-rolled buttermilk biscuits or corn muffins. New! Bee Sting Chicken Sandwich starting at $11.99 and includes a crispy, hand-breaded fried chicken sandwich, drizzled with Cracker Barrel's new and perfectly sweet-heat honey glaze, pickles, and mayo ...

LEBANON, Tenn., May 2, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) will provide a real-time webcast and rebroadcast of its strategic transformation plan update on Thursday, May 16, 2024 beginning at 4:30 p.m. Eastern Time. The live broadcast will be available to the public online in the Events and Presentations section on the Company's website at investor.crackerbarrel.com on May 16, 2024 beginning at 4:30 p.m. Eastern Time.  An online repla ...