Welcome to our dedicated page for Cracker Barrel Old Ctry Store news (Ticker: CBRL), a resource for investors and traders seeking the latest updates and insights on Cracker Barrel Old Ctry Store stock.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) generates a steady flow of news related to its homestyle restaurant-and-retail operations, seasonal menu launches, corporate initiatives, and shareholder developments. Founded in 1969 in Lebanon, Tennessee, the company operates approximately 660 company-owned Cracker Barrel Old Country Store locations in 43 states and owns the fast-casual Maple Street Biscuit Company. News about CBRL often reflects this dual focus on full-service dining and the Old Country Store retail experience.
On this page, readers can follow company announcements about new and returning menu items, seasonal promotions, and special offers. Recent examples include winter features such as the return of Hamburger Steak and Eggs in The Basket, the introduction of a Spicy Maple sauce, and limited-time items like the Breakfast Burger, Southern BBQ Ribs, Grandma’s Sampler, Steak & Eggs, and Broccoli Cheese Casserole. Holiday-focused news has highlighted promotions like free toys with kids’ meals, Holiday Heat & Serve meals designed for at-home gatherings, and Veterans Day offers for veterans and active-duty military.
Cracker Barrel news also covers financial and corporate updates, including quarterly earnings releases, outlook revisions, conference call announcements, and governance developments reported through press releases and SEC-related communications. Shareholder and proxy-related news items discuss board elections, advisory firm recommendations, and perspectives from activist investors and proxy advisors on the company’s performance and strategic plans.
By reviewing the CBRL news feed, investors and followers can see how Cracker Barrel communicates about its menu strategy, promotional activity, community and charitable initiatives through the Cracker Barrel Old Country Store Foundation, and key financial and governance milestones. This page provides a centralized view of the company’s public announcements and third-party commentary that reference Cracker Barrel’s operations, brand, and stock.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a webcast of its fourth quarter earnings call on September 27, 2022, at 11:00 a.m. Eastern Time. Management will discuss financial results for the fiscal fourth quarter and year ending July 29, 2022. The call will be available online at investor.crackerbarrel.com with a replay starting at 2:00 p.m. the same day, continuing until October 11, 2022. Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.
Cracker Barrel Old Country Store announced new menu additions for fall, featuring limited-time items like Kick'n Ranch Fried Chicken, Broccoli Cheese Casserole, and new shareable options, including Country Fried Pickles and White Cheddar Cheese Bites. The Kick'n Ranch Fried Chicken, available until Oct. 9, offers bold flavors with ranch seasoning. Pair with new Peach Mimosa and seasonal desserts. The menu aims to provide guests with diverse, flavorful choices at competitive prices, enhancing the overall dining experience.
Cracker Barrel Old Country Store expands its all-day breakfast menu with the introduction of a Build Your Own Homestyle Breakfast option, allowing greater customization. New offerings include the plant-based Impossible Sausage and a Stuffed Cheesecake Pancake Breakfast. The menu encourages personalization with various meat and side upgrades starting at $8.99. Cracker Barrel aims to enhance guest experience by catering to diverse preferences. New beverage pairings are also available, including a summer-themed Rocket Pop Mimosa.
Cracker Barrel reported third quarter fiscal 2022 total revenue of $790.2 million, a 10.8% increase year-over-year. Comparable store restaurant sales rose 10.9%, while retail sales increased 9.7%. The company's GAAP net income was $27.5 million, a 17.8% decrease from the prior year. The board declared a quarterly dividend of $1.30 per share and approved a $200 million share repurchase program. Despite a challenging macro environment, the company remains optimistic for future growth with new strategic initiatives.
Biglari Capital Corp. released a letter to Cracker Barrel Old Country Store shareholders, expressing concerns over the company's ongoing underperformance, with a 33.2% decline in total shareholder return over the past year compared to peers. The letter criticizes management's failure to address customer traffic issues and the expansion plans despite existing operational inefficiencies. It calls for leadership change, specifically replacing CEO Sandy Cochran, and suggests implementing a substantial share repurchase program or special dividend to enhance shareholder value.
Summary not available.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) will host a third quarter earnings conference call on June 7, 2022 at 11:00 a.m. ET. This call will discuss financial results for the fiscal third quarter ended April 29, 2022. The live webcast will be accessible via the company's website, with a replay available until June 21, 2022.
Cracker Barrel operates over 660 locations and owns Maple Street Biscuit Company.
Cracker Barrel Old Country Store launches a new Homestyle Chicken Sandwich under its virtual brand Chicken n' Biscuits, available at 400 locations nationwide through delivery services like DoorDash, Uber Eats, and Grubhub. This new sandwich features hand-breaded fried chicken, pickles, and a brioche bun, accompanied by steak fries. The brand aims to compete in the growing chicken sandwich market, offering various comfort food options for customers. Chicken n' Biscuits has recently expanded its presence and rebranded since its introduction in May 2021.
Cracker Barrel Old Country Store has announced the return of its popular Easter Heat n' Serve meals, perfect for hassle-free family gatherings this spring. Notable offerings include the Easter Prime Rib Heat n' Serve Family Dinner starting at $124.99, serving 4-6 people, and the Easter Ham Heat n' Serve Feast for 8-10 guests, starting at $149.99. Customers can pre-order these meals online for pickup from April 14-17. The menu aims to cater to budget-conscious families while delivering quality, homestyle options.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) has announced a quarterly dividend of $1.30 per share. This dividend is payable on May 3, 2022, to shareholders recorded on April 18, 2022. Established in 1969, Cracker Barrel operates over 660 locations across 45 states, alongside the Maple Street Biscuit Company. This regular dividend highlights the company's commitment to returning value to shareholders and reflects its ongoing operational stability.