Cracker Barrel(CBRL)
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Cracker Barrel stock slips as company cuts outlook after walking back logo update, store remodels
Yahoo Finance· 2025-09-17 21:14
Cracker Barrel (CBRL) stock continued to fall on Thursday after investors were disappointed by the restaurant chain's full-year outlook, which projected a drop in traffic and lower sales in the coming year. The downbeat forecast comes after the company rolled back its logo revamp and plans to remake stores after a public outcry that eventually drew the attention of President Trump last month. Its stock is now down nearly 2%, having slid as much as 10% late Wednesday after Cracker Barrel's results report. ...
Cracker Barrel Shares Tumble as Chain Expects Guests to Reduce Visits
WSJ· 2025-09-17 21:01
The CEO says the restaurant chain is listening to guests and is optimistic after the logo controversy. ...
Cracker Barrel tried to win back customers by abandoning its logo and remodels. But it still sees fewer diners up ahead.
MarketWatch· 2025-09-17 20:42
Core Viewpoint - Shares of Cracker Barrel Old Country Store Inc. declined after hours due to a forecast of falling traffic and sales that did not meet Wall Street expectations, attributed to backlash from logo changes and store remodels [1] Group 1 - The company anticipates a decrease in customer traffic for the upcoming fiscal year [1] - Sales projections for the company are below market expectations [1] - The decline in performance is linked to negative reactions regarding the company's rebranding efforts and store renovations [1]
Cracker Barrel says company is focusing on 'guest experience' after rebrand backlash
CNBC· 2025-09-17 20:35
Core Viewpoint - Cracker Barrel Old Country Store is shifting its focus back to enhancing guest experiences after facing backlash over a recent rebranding attempt, which included a logo change and restaurant remodels [2][4][5]. Financial Performance - The company reported mixed fiscal fourth-quarter earnings, with earnings per share at 74 cents, below the expected 80 cents, while revenue was $868 million, exceeding the expected $855 million [6]. - Despite the positive revenue figure, the stock fell 10% in after-hours trading following the earnings report [2]. Strategic Changes - CEO Julie Masino expressed optimism about the company's future and noted that Cracker Barrel is reverting to its 'Old Timer' logo and pausing remodels to focus on kitchen improvements and guest experience [3][4]. - The company has experienced five consecutive quarters of comparable store restaurant sales increases and a 9% adjusted EBITDA growth in fiscal 2025 [3]. Revenue Expectations - For fiscal 2026, Cracker Barrel anticipates total revenue between $3.35 billion and $3.45 billion, which is below the $3.52 billion expected by analysts, along with a projected same-store traffic decline of 4% to 7% [3].
Cracker Barrel(CBRL) - 2025 Q4 - Annual Results
2025-09-17 20:21
Exhibit 99.1 Investor Contact: Adam Hanan (615) 443-9887 Media Contact: Heidi Pearce (615) 235-4135 CRACKER BARREL REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2025 RESULTS AND PROVIDES OUTLOOK LEBANON, Tenn. – September 17, 2025 – Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2025 ended August 1, 2025. Cracker Barrel President and Chief Executive Officer Julie Masino said, "We thank our guests f ...
CRACKER BARREL REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2025 RESULTS AND PROVIDES OUTLOOK
Prnewswire· 2025-09-17 20:05
LEBANON, Tenn. , Sept. 17, 2025 /PRNewswire/ --Â Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq:Â CBRL) today reported its financial results for the fourth quarter of fiscal 2025 ended August 1, 2025. ...
Could Cracker Barrel Move Higher After Earnings?
247Wallst· 2025-09-17 19:00
Get earnings reminders, our top analysis on Cracker Barrel Old Country Store, market updates, and brand-new stock recommendations delivered directly to your inbox. ...
U.S. Markets Tread Cautiously in Afternoon Trading as Fed Rate Cut Looms
Stock Market News· 2025-09-17 18:07
U.S. equity markets are exhibiting a mixed performance in afternoon trading on Wednesday, September 17, 2025, as investors remain in a holding pattern ahead of the highly anticipated interest rate decision from the Federal Reserve. The central bank's announcement, expected later this afternoon, is widely forecast to deliver the first rate cut of the year, a move that has been priced into the market for weeks. This cautious sentiment is shaping trading activity across major indexes and individual stocks, wit ...
The Federal Reserve Cuts Interest Rate by a Quarter-Percentage-Point, Signals 2 More Before the End of the Year
Nasdaq· 2025-09-17 17:42
Market Overview - The S&P 500 Index is down -0.17%, while the Dow Jones Industrials Index is up +0.77%, and the Nasdaq 100 Index is down -0.80% [1] - Weakness in chipmakers, particularly Nvidia, which is down more than -2%, is impacting the broader market due to regulatory actions from China's Cyberspace Administration [2][11] - The overall market is negatively affected by the decline in major technology stocks, with Amazon, Tesla, and Meta Platforms all down more than -1% [12] Economic Indicators - US housing news showed weaker-than-expected results, with August housing starts falling -8.5% month-over-month to 1.307 million, below expectations of 1.365 million [3] - Building permits also fell unexpectedly by -3.7% month-over-month to a 5.25-year low of 1.312 million, against expectations of an increase [3] - MBA mortgage applications rose +29.7% in the week ended September 12, with refinancing applications up +57.7% [4] Federal Reserve Actions - The Federal Reserve approved a quarter-percentage-point rate cut and indicated two additional cuts are expected before the end of the year due to concerns over the labor market [1][5] - The market anticipates a total of about 70 basis points in rate cuts by year-end, with a focus on the Fed's new economic forecasts [5] Company-Specific Developments - Uber Technologies is down more than -4% following insider selling by CEO Khosrowshahi, who sold $28.6 million in shares [13] - Manchester United reported a Q4 loss and cut its 2026 revenue outlook, leading to a decline of more than -6% in its stock [12] - Roivant Sciences is up more than +12% after its drug met primary endpoints in a Phase 3 trial [14] - Workday is up more than +8% after an upgrade from Guggenheim Securities [14] - Walmart is up more than +2% following a price target increase from Bank of America [15]
Cracker Barrel to report earnings for the first time since $700M rebrand failure
Fox Business· 2025-09-17 15:51
Core Viewpoint - Cracker Barrel is facing significant challenges following a controversial rebranding effort that has impacted its market value and customer perception [1][2][5]. Group 1: Rebranding and Market Impact - The company recently introduced a new logo, moving away from its traditional "Uncle Herschel" image, which has been associated with its brand for 56 years [1]. - This logo change led to a backlash, resulting in a loss of over $140 million in market value and a share price decline of over 7% year-to-date [2]. - The backlash was so severe that even former President Donald Trump publicly urged the company to revert to its old logo, suggesting that they could turn the situation into a positive opportunity [5]. Group 2: Customer Response and Company Actions - In response to customer criticism, Cracker Barrel announced the removal of the new logo and reinstated its traditional branding, stating they would listen to their guests [6]. - The company had previously launched an ambitious overhaul of its 660-plus restaurants, which included changes to dining room decor and menu items, but these efforts quickly backfired [7]. - Following the backlash, Cracker Barrel decided to halt all alterations to its stores, emphasizing a return to the elements that originally endeared the brand to its customers [10].