Reported about 6 hours ago
Cracker Barrel's stock dropped significantly as the company revised its full-year outlook, predicting a decline in traffic and sales following a reversal of its logo update amid public backlash. The fiscal year 2026 revenue is now expected between $3.35 billion and $3.45 billion, below Wall Street's expectations, and the company has abandoned plans for store remodels. Adjusted earnings fell short of projections, and the company faces challenges such as commodity inflation and lower adjusted EBITDA forecasts, prompting reassessment of its financial strategy.
Source: YAHOO