Joining us now to discuss the state of retail, real estate, industrial policy, Ray Washburn, vice chairman of Gillan Capital and Gillan Property Group. He's also chairman of the board of Synokco and a board member of Red Lobster. Last time, Ray, it's good to see you in studio.>> Thank you. >> Last time you talked about how uh how many companies would would probably be able to deal with tariffs so that it wouldn't cause uh inflation and your big backer, President Trump, and everything else. I don't think we' ...

Company Performance & Strategy - Cracker Barrel has faced controversy from both sides of the political spectrum, but management's initiatives are showing positive results [1][2][3] - Same-store sales and traffic had been declining, but remodels and other changes are reversing this trend [4] - Dinner business has improved for five consecutive quarters, indicating success in attracting younger consumers [5] - Management is refreshing stores and updating furniture to boost results [6] Pricing & Cost Management - Cracker Barrel has some exposure to tariffs due to its retail store, with approximately 20% of retail items sourced from China; efforts are underway to diversify sourcing [7] - Cracker Barrel's pricing is significantly lower (30-40% cheaper) than casual dining competitors, allowing for strategic pricing initiatives [8] - The company is strategically raising prices by 5% at locations that can support it based on demographics [9]