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.
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.
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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.
Cracker Barrel Old Country Store is expanding its breakfast brand, The Pancake Kitchen, to nearly 200 locations in 2022, with the aim of enhancing convenience for customers. The menu will feature a range of pancakes, available for delivery through DoorDash and Uber Eats. To celebrate this expansion, starting Feb. 26, customers spending $20 on pancakes will receive a complimentary order of Biscuit Beignets. The expansion aligns with a growing trend in online ordering and delivery services.
Cracker Barrel Old Country Store reported a strong second quarter for fiscal 2022, with total revenue of $862.3 million, up 27.3% year-over-year. Comparable store restaurant sales increased 1.9%, while retail sales rose 13.7%. GAAP net income was $37.6 million with an EPS of $1.60, a 171% increase from last year. The company anticipates challenges from inflation and reduced demand, expecting approximately $800 million in revenue for the third quarter. However, strong sales momentum and future margin recovery are expected in Q4.
On February 15, 2022, Cracker Barrel Old Country Store announced the expansion of its beverage offerings, adding new wines and limited-time craft drinks. Guests can now enjoy Roscato Moscato and Roscato Sweet Red Wine, alongside Jack Daniel's Country Cocktails Lynchburg Lemonade and non-alcoholic options like Fruit Stand Tea and Fudge Hot Chocolate. These offerings enhance the dining experience at over 500 locations nationwide, further diversifying Cracker Barrel's menu while maintaining affordable pricing of under $6.79 for most items.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) is set to host an online webcast of its second quarter earnings conference call on February 22, 2022, at 11:00 a.m. Eastern Time. The call will cover financial results for the fiscal second quarter ending January 28, 2022. A replay will be accessible starting at 2:00 p.m. Eastern Time on the same day until March 8, 2022. Cracker Barrel operates over 660 locations and owns the Maple Street Biscuit Company.
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