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 ...

To watch this natural phenomenon, guests can also purchase Solar Eclipse Paper Glasses (starting at $2.49) at Cracker Barrel leading up to and on April 8, while supplies last. According to NASA, proper eye protection is critical when viewing a solar eclipse. Sunglasses are not enough protection and special glasses must be worn, so don't forget to grab a pair before looking up. "We are excited to welcome guests in for a complete solar eclipse experience on April 8," said Cracker Barrel Vice President of Mark ...

Cracker Barrel Old Country Store, Inc. (CBRL) is benefiting from menu innovation, strategic initiatives and expansion efforts. Its shares have declined 36.2% against the industry’s growth of 4.3%. However, in the past month, CBRL has shown some resilience, gaining 7.7%.Growth DriversCracker Barrel is continuously focusing on rejuvenating its menu, which serves as the backbone of its riveting growth potential. Its in-store menu features a Fried Chicken Benedict bowl, a Ham n’ Maple Bacon bowl as well as a Sa ...

Dividend investors seek stocks with the highest yields, solid earnings and cash flow to support them. However, not all stocks that offer high dividends have the financial performance to sustain them, and they may have to cut the return.These three stocks offer higher-than-average yields but have warranted caution over the last quarter and coming into this year. Dividend investors should be wary of the potential cuts that these companies could make this year after less than satisfactory financial gains.We’ll ...