Biglari Capital Responds to Cracker Barrel's Preliminary Q1 2025 Announcement

San Antonio, TX, Nov. 14, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following response to Cracker Barrel Old Country Store, Inc.'s (NASDAQ: CBRL) first quarter 2025 earnings announcement.Cracker Barrel's preliminary Q1 2025 earnings announcement reinforces our concerns that the Company is on the wrong track.The Company did not disclose the change in guest traffic, which continued to decline during the quarter.The adjusted EBITDA margin in Q1 2025 was 5.4%, 70 bps lower than in Q1 2023, and ...