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@ProduceCut309 10 months ago

Cracker Barrel Stumbles After Weak Sales and Cut Guidance

Cracker Barrel Stumbles After Weak Sales and Cut Guidance

just took a hit after Q1 numbers came in soft. Revenue dropped 5.7% to $797M, missing expectations, and both restaurant (-4.7%) and retail (-8.5%) same-store sales came in weaker than forecast. The company also cut its full-year revenue outlook to $3.2B–$3.3B after the fallout from its logo and rebranding misstep. Shares tanked over 10% after hours as investors reacted to the lowered guidance and declining traffic. Cracker Barrel says it’s working to stabilize performance, but the near-term pressure is very real. You think can bounce back once the PR mess cools off, or is this slide far from over?

@SevenProblem148 10 months ago

Tough look for CBRL 😬 feels like more pain ahead unless they turn the traffic around