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 (CBRL) combines nostalgic Americana dining with curated retail experiences across its 660+ locations. This news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases, earnings reports, and operational updates covering menu innovations, retail partnerships, and leadership changes. Our curated collection serves as your primary source for tracking CBRL's position in the casual dining sector and its unique dual-revenue business model.
Discover updates on store expansions, seasonal offerings, and sustainability efforts alongside analysis of market trends affecting family dining chains. Content is organized chronologically showcase the company's response to industry challenges while maintaining its heritage-focused brand identity.
Bookmark this page for ongoing access to verified CBRL announcements and objective reporting on its initiatives in comfort food innovation and cultural retail experiences.
Cracker Barrel Old Country Store has announced its new spring menu offerings, featuring a combination of sweet and savory dishes. The menu highlights include OREO® Stuffed Cheesecake Pancakes and Southern-inspired entrees like Louisiana-Style Shrimp Skillet and Shrimp n' Grits.
The new menu introduces Signature Pancake Platters available in six flavors, each served with eggs and choice of bacon or sausage. Additional offerings include Onion Petals with Country Comeback Sauce, Strawberry Icebox Pie, and new beverages like the Pancake Latte and Strawberry Peach Lemonade and Spritzer.
The Louisiana-Style Shrimp Skillet features grilled shrimp in creole sauce with seasoned rice and grilled parmesan bread, while the Shrimp n' Grits combines shrimp, Andouille sausage, and vegetables in creole sauce over creamy grits.
Cracker Barrel (CBRL) announces new menu additions and promotions for winter 2025. The company introduces Crispy Tender Dippers with a new Nashville Hot sauce, alongside a Signature Saucy Chicken Sandwich and Chicken n' Dumplin Soup. To promote the launch, Cracker Barrel Rewards Members can earn double pegs when ordering Crispy Tender Dippers from January 7-11.
The company is also offering several value-focused promotions, including Early Dinner Deals starting at $8.99 (Monday-Friday, 4-6 p.m.) and a Sunrise Pancake Special starting at $7.99, available all day. The menu expansion includes seasonal beverages like the Sparkling Sugar Plum Mimosa and Sugar Plum Tea.
Cracker Barrel reported Q1 fiscal 2025 results with total revenue of $845.1 million, up 2.6% year-over-year. Comparable store restaurant sales increased 2.9%, outperforming the industry by 290 basis points, while retail sales decreased 1.6%. GAAP earnings per share were $0.22, and adjusted EPS was $0.45.
The company reported GAAP net income of $4.8 million and adjusted EBITDA of $45.8 million, a 4.3% increase from the prior year. The Board declared a quarterly dividend of $0.25 per share. For fiscal 2025, Cracker Barrel reaffirmed its outlook, expecting total revenue of $3.4-3.5 billion and adjusted EBITDA of $200-215 million.
Cracker Barrel (Nasdaq: CBRL) announced that shareholders have voted to elect all 10 of the company's recommended nominees to its Board of Directors at the 2024 Annual Meeting. Nominees Sardar Biglari and Milena Alberti-Perez, who were nominated by entities controlled by Biglari and not recommended by the Board, did not receive sufficient support. Michael Goodwin, with decades of IT and strategic leadership experience, joins the Board, while Tom Barr steps down after 12 years of service. The company expressed confidence in its strategic transformation plan, citing early favorable operational results.
Biglari Capital Corp challenges Cracker Barrel's (CBRL) recent statements regarding capital spending plans ahead of the 2024 Annual Meeting. The dispute centers on conflicting communications about a $600-700 million capital expenditure plan. Biglari highlights inconsistencies between Cracker Barrel's recent claims of $225-325 million in incremental spending versus their May 2024 announcement of $600-700 million in total expenditures. The release also questions the company's execution of technology initiatives dating back to 2017 and criticizes two incumbent board members for presiding over a nearly 70% decline in stock value.
Cracker Barrel (NASDAQ: CBRL) urges shareholders to vote the WHITE proxy card 'FOR ONLY' its 10 recommended director nominees at the upcoming November 21, 2024 Annual Meeting. The company highlights that its strategic transformation plan is showing positive momentum, with preliminary Q1 FY2025 results outperforming the Casual Dining industry. The company clarifies it plans to spend $225-$325 million in incremental capital, not $600-$700 million as claimed by Sardar Biglari. Multiple proxy advisory firms, including ISS, Glass Lewis, and Egan Jones, recommend shareholders to 'WITHHOLD' support for Biglari and Alberti-Perez, citing poor corporate governance history and lack of preparation respectively.
Biglari Capital has responded critically to Cracker Barrel's Q1 2025 preliminary earnings. The company's adjusted EBITDA margin was 5.4%, down 70 bps from Q1 2023 and similar to Q1 2024, which was part of Cracker Barrel's historically worst year. Despite plans to open new stores and invest $160-180 million in capital expenditures, management maintained its FY 2025 guidance, projecting revenue and adjusted EBITDA to be similar to or lower than FY 2024. Biglari Capital expressed concerns about the effectiveness of Cracker Barrel's $700 million transformation plan and urged shareholders to vote for board changes.
Cracker Barrel reported preliminary Q1 fiscal 2025 results with total revenue of $845.1 million, up 2.6% year-over-year. Comparable store restaurant sales increased 2.9%, outperforming the industry by 290 basis points, while retail sales decreased 1.6%. The company expects GAAP earnings per share of $0.22 and adjusted EPS of $0.45. Adjusted EBITDA reached $45.8 million, up 4.3% from prior year. For fiscal 2025, Cracker Barrel reaffirmed its outlook, projecting revenue of $3.4-3.5 billion, with plans to open two new stores and 3-4 new Maple Street Biscuit Company units.
Biglari Capital Corp has issued a letter to Cracker Barrel (NASDAQ: CBRL) shareholders, highlighting the company's significant stock value decline from $100 to approximately $30 over the past five years. The letter criticizes the current board's performance and opposes their $700 million store renovation plan. Sardar Biglari and Milena Alberti-Perez are seeking board positions, emphasizing their restaurant turnaround experience. Biglari warns of potential further 50% losses if they aren't elected and criticizes recent management appointments, including a chief strategy officer from a cannabis company.
Proxy advisory firms ISS and Glass Lewis have endorsed the need for change at Cracker Barrel (CBRL), with Glass Lewis recommending votes for two of Biglari Capital's nominees and ISS supporting one. The firms cited poor performance and shareholder value destruction under incumbent directors Carl Berquist and Meg Crofton. Both advisory firms expressed concerns over the company's $700 million transformation plan, with analysts doubting its financial objectives.
Biglari Capital urges shareholders to vote for all three of its nominees: Sardar Biglari, Milena Alberti-Perez, and Michael Goodwin. Glass Lewis particularly praised Alberti-Perez's financial expertise and her track record of improving shareholder value at Pitney Bowes. The advisory firms highlighted Cracker Barrel's negative total shareholder return over three and five-year periods, describing the performance as 'unacceptable'.