Group 1 - Alamo Group Inc. (ALG) designs and manufactures high-quality agricultural equipment and provides infrastructure maintenance, with a nearly 10% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Alvotech (ALVO), a biosimilar medicines company, has seen its Zacks Consensus Estimate for current year earnings revised downward by 88.7% over the last 60 days [1] - Cracker Barrel Old Country Store, Inc. (CBRL) operates a restaurant and gift store chain, with a 17.3% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Julie Masino thought she was saving Cracker Barrel. Instead, she nearly destroyed it. The CEO, who came from Taco Bell and Starbucks with a reputation as an innovator, sat down with podcaster Glenn Beck on Nov. 20 and admitted what many executives won't: "I feel like I've been fired by America (1)." Must Read Beck's response was blunt: "That's probably worse." Masino was brought in to modernize the 660-location chain and attract younger diners. She updated the menu with items like Hashbrown Casserole S ...

Accessibility StatementSkip Navigation LEBANON, Tenn., Nov. 25, 2025 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) plans to release its fiscal 2026 first quarter financial results after the market closes on Tuesday, December 9, 2025 with a conference call to follow at 5:00 p.m. Eastern Time. Company management will discuss financial results for the fiscal first quarter ended October 31, 2025. The live broadcast of Cracker Barrel's quarterly confere ...

Cracker Barrel is set to release its quarterly earnings with an estimated EPS of -$0.68 and projected revenue of $805.2 million. The company faced a branding crisis affecting customer traffic and financials, yet CEO Julie Felss Masino retained her position. Financial metrics indicate a mixed picture with a P/E ratio of 12.56 and a concerning debt-to-equity ratio of 2.55. The company recently navigated through a branding crisis, sparked by CEO Julie Felss Masino's decision to replace the iconic "Old Timer" l ...

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Cracker Barrel is shrinking its board from 10 seats to nine after Sardar Biglari failed to oust CEO Julie Masino. Biglari contributed to the successful unseating of board member Gilbert Dávila during voting for the chain’s board, according to a filing with the Securities and Exchange Commission. The remaining nine directors were all endorsed by th ...

Core Viewpoint - The majority of retail investors at Cracker Barrel Old Country Store, Inc. expressed their disapproval of CEO Julie Felss-Masino, indicating a lack of confidence in her leadership and calling for her removal [1]. Group 1: Shareholder Sentiment - Retail shareholders overwhelmingly voted against the reelection of CEO Julie Felss-Masino, reflecting their dissatisfaction with her performance and the company's direction [1]. - Biglari Capital argues that the current CEO has not been effective, leading to negative customer traffic, which is expected to continue unless there is a leadership change [1]. Group 2: Index Fund Voting Dynamics - The voting behavior of index funds diverged from that of retail investors, as index funds often delegate voting power to governance departments, which may not align with the economic interests of their clients [1]. - There is a call for index funds to align their voting practices with the interests of non-passive investors, ensuring that the question of leadership effectiveness is adequately addressed [1]. Group 3: Recommendations from Proxy Advisory Firms - Independent proxy advisory firms, including ISS, Glass Lewis, and Egan-Jones, have concluded that a change in leadership is warranted at Cracker Barrel and have recommended voting against the company's nominees [4].

Core Insights - Cracker Barrel shareholders voted to oust board member Gilbert Dávila due to a branding crisis that resulted in a significant loss of company value, while CEO Julie Felss Masino retained her position [1][4][16] Group 1: Branding Crisis - The crisis was triggered by Masino's decision to replace the iconic "Old Timer" logo, leading to a political backlash and alienation of core diners, which caused a decline in traffic and share prices [1][6][8] - Following the rebranding, Cracker Barrel experienced an 8% drop in traffic and a nearly 10% decline in shares on a single day, with overall shares tumbling more than 50% from mid-August highs [8][9] - The company lost market share among its core Republican diner base, falling from the fastest-growing breakfast brand to last place [9] Group 2: Shareholder Actions - Activist investor Sardar Biglari criticized both Masino and Dávila for the rebranding and alleged years of mismanagement, leading to a proxy battle [2][13] - Advisory firms ISS and Glass Lewis recommended voting against Dávila, citing failures in board oversight related to the rebranding [16] - Dávila's removal from the board reduced its size to nine directors, leaving Masino in full control of the recovery efforts [5][16] Group 3: Company Response - Masino defended the new logo as a practical upgrade for highway visibility and acknowledged the misstep during a September earnings call, promising to embrace the brand's nostalgia [5][13] - Despite the backlash, Masino's leadership was spared in the shareholder vote, indicating a divided opinion among shareholders regarding the company's direction [4][16]

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A Cracker Barrel board member who has drawn controversy over his DEI background has resigned, the company announced Thursday. Upon announcing that shareholders voted to elect nine of the company’s 10 board nominees, including CEO Julie Felss Masino, during the annual meeting Thursday, Cracker Barrel revealed that following the vote, independent director Gilbert Dávila stepped down and the company's board will now consist of nine directors. "The Board and leadership team are honored to be trusted with the ...

Core Insights - Shareholders have voted to remove board member Gilbert Dávila, indicating a shift in governance and potential unrest among investors [1] Group 1 - The decision to oust Gilbert Dávila suggests that both the director and the CEO have been targets of activist shareholders, reflecting a growing trend of shareholder activism [1]