Cracker Barrel Old Coun.St.

Cracker Barrel reported a 2.2% decline in revenue to $849.3 million in fiscal 2026 Q4, but came in slightly above consensus. Adjusted EPS was $0.99, well above the expected $0.17, and adjusted EBITDA rose from $55.7 million to $62.1 million. The company improved profitability, reduced debt and provided a new growth outlook for 2027. » Więcej na finanzen.net

Cracker Barrel will replace CEO Julie Masino with David Deno amid continued sales declines and a failed 2024 rebrand. A recent visit highlights inconsistent food quality—few standout menu items, weak biscuits, and generally average entrees—suggesting the chain's core menu needs overhaul to regain relevance. Industry observers say menu revamps, targeted promotions and outreach to younger diners will be critical to any turnaround under Deno. » Więcej na finance.yahoo.com

Cracker Barrel announced that CEO Julie Masino will step down in August, nearly a year after an attempted rebrand sparked strong customer backlash. The leadership change follows criticism of the company's direction during the rebranding effort. » Więcej na yahoo.com

Cracker Barrel announced that CEO Julie Masino will step down, with David Deno becoming CEO on 10 August and Masino remaining through October to assist the transition. The departure follows a widespread social media and political backlash over a proposed modernized logo last year, which the company subsequently reversed. The chain’s stock fell nearly 3% on the news. » Więcej na theguardian.com

Cracker Barrel sold Maple Street Biscuit Company and 35 restaurants to Biscuit Belly and will shutter 16 Maple Street locations. Separately, Cracker Barrel completed a sale-leaseback of 26 company-owned sites, generating about $77 million in net proceeds. Biscuit Belly plans to convert the acquired units to its Belly Biscuit brand over 18–24 months and expand to more than 60 locations by end of 2028. » Więcej na finance.yahoo.com