Cracker Barrel tried to win back customers by abandoning its logo and remodels. But it still sees fewer diners up ahead.
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]