Strategic Transformation Plan on Track LEBANON, Tenn., Nov. 14, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its preliminary unaudited financial results for the first quarter of fiscal 2025 ended November 1, 2024 and reaffirmed its fiscal 2025 outlook. The Company plans to report final first quarter fiscal 2025 financial results on December 4, 2024. Preliminary First Quarter Fiscal 2025 Financial Highlights First quarter total revenue is expected to be approximately $845.1 million. Compared to the prior year first quarter, total revenue increased 2.6%.Comparable store restaurant sales increased 2.9%, outperformi

In the news release, Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel, issued 12-Nov-2024 by Biglari Capital Corp. over PR Newswire, we are advised by the company to disregard the original first sentence and the November 11, 2024 date below it. The complete, corrected release follows: Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg C

Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg Crofton Have Overseen Observably Poor Performance and Significant Shareholder Value Destruction ISS and Glass Lewis Both Cite Substantial Analyst Concern Over the Company's Costly Transformation Plan Biglari Capital Urges Shareholders to Vote the GOLD Proxy Card for All Three of Its Director Nominees.  San Antonio, TX, Nov. 12, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). See below for the s

Outlines Strategic Transformation Plan to Drive Growth and Profitability  Highlights Risks that Sardar Biglari and Milena Alberti-Perez Pose to Shareholder Value Creation  Urges Shareholders to Vote "FOR ONLY" Cracker Barrel's 10 Recommended Nominees on the WHITE Proxy Card Today LEBANON, Tenn., Oct. 29, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today posted an investor presentation in connection with its Annual Meeting of Shareholders on November 21, 2024. The presentation underscores the deliberate and thoughtful actions taken by Cracker Barrel's Board and leadership team to dramatically increase the pace of change and set

Urges Shareholders to Vote the WHITE Card Today "For Only" Cracker Barrel's 10 Recommended Nominees Visit CrackerBarrelShareholders.com for More Information  LEBANON, Tenn., Oct. 9, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) today filed definitive proxy materials with the Securities and Exchange Commission in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on November 21, 2024. Shareholders of record as of September 27, 2024 will be entitled to vote at the meeting. The proxy statement and other important information related to the Annual Meeting can be found at CrackerBarrelShareholders.com.

LEBANON, Tenn., Sept. 19, 2024  /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024. In 2024, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to fiscal 2023. Fourth Quarter Fiscal 2024 Highlights The Company reported total revenue of $894.4 million for the fourth quarter of fiscal 2024, representing an increase of 6.9% compared to prior year quarter total revenue of $836.7 million. Total revenue for the fourth quarter of fiscal 2024 includes a benefit of $62.8 million related to the 53rd week.Comp

LEBANON, Tenn., Sept. 5, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) will provide a real-time webcast and rebroadcast of its fourth quarter earnings conference call on Thursday, September 19, 2024, beginning at 11:00 a.m. Eastern Time. Company management will discuss financial results for the fiscal fourth quarter ended August 2, 2024. The live broadcast of Cracker Barrel's quarterly conference call will be available to the public online in the Events and Presentations section on the Company's website at investor.crackerbarrel.com on September 19, 2024 beginning at 11:00 a.m. Eastern Time. An online replay will be available at

LEBANON, Tenn., May 30, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2024 ended April 26, 2024. Third Quarter Fiscal 2024 Highlights The Company reported third quarter total revenue of $817.1 million. Compared to the prior year third quarter, total revenue decreased 1.9%.Comparable store restaurant sales decreased 1.5%, while comparable store retail sales decreased 3.8%.GAAP earnings (loss) per diluted share were ($0.41), and adjusted1 earnings per diluted share were $0.88.GAAP net income (loss) for the third quarter was ($9.2) million, or (1.1%) of total rev

Organic growth investments expected to accelerate financial performance in late fiscal 2026 and into fiscal 2027 Company provides update on third and fourth quarter fiscal 2024 LEBANON, Tenn., May 16, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today provided an update on its strategic transformation plan and announced changes to its capital allocation. Highlights The Company's strategic transformation plan is anchored on three overarching business imperatives: driving relevancy, delivering food and an experience guests love, and growing profitability.To realize these imperatives, the Company has developed a comprehensive str

LEBANON, Tenn., May 16, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) will provide a real-time webcast and rebroadcast of its third quarter earnings conference call on Thursday, May 30, 2024, beginning at 11:00 a.m. Eastern Time. Company management will discuss financial results for the fiscal third quarter ended April 26, 2024. The live broadcast of Cracker Barrel's quarterly conference call will be available to the public online in the Events and Presentations section on the Company's website at investor.crackerbarrel.com on May 30, 2024 beginning at 11:00 a.m. Eastern Time.  An online replay will be available at 2:00 p.m. Eas

LEBANON, Tenn., Nov. 21, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today announced that the preliminary vote count from the Company's proxy solicitor indicates that its shareholders have voted to elect all 10 of Cracker Barrel's recommended nominees to the Company's Board of Directors at the 2024 Annual Meeting of Shareholders ("Annual Meeting"): Carl Berquist, Jody Bilney, Meg Crofton, Gilbert Dávila, John Garratt, Michael Goodwin, Cheryl Henry, Julie Masino, Gisel Ruiz, and Darryl "Chip" Wade. Sardar Biglari and Milena Alberti-Perez – who were nominated by entities Mr. Biglari controls and not recommended by the Board – di

San Antonio, TX, Nov. 19, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following news release regarding Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) As we quickly approach the 2024 Annual Meeting on Thursday, November 21st, Cracker Barrel continues to mislead investors. Stockholders do not need to read between the lines, they only need to read the Company's actual lines. What Cracker Barrel says about its $700 million plan on the Eve of the Annual Meeting: "Sardar Biglari continues to misrepresent Cracker Barrel's capital spending plan. We are NOT spending $600 - $700 million on store remodels over the next three years as Mr. Biglari falsely claims. Our strategic plan

The Company's Strategic Transformation Plan Is Taking Hold and Showing Results Carl Berquist and Meg Crofton Have Been Change Agents and Bring Valuable Experience and Skillsets to Cracker Barrel's Board Election of Sardar Biglari and Milena Albert-Perez Would Jeopardize the Company's Momentum 2024 Annual Meeting of Shareholders Scheduled for November 21, 2024; For Additional Information on How to Vote Visit CrackerBarrelShareholders.com  LEBANON, Tenn., Nov. 18, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today reminds all shareholders to vote the universal WHITE proxy card "FOR ONLY" Cracker Barrel's 10 Recommended Director

San Antonio, TX, Nov. 14, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following response to Cracker Barrel Old Country Store, Inc.'s (NASDAQ: CBRL) first quarter 2025 earnings announcement. Cracker Barrel's preliminary Q1 2025 earnings announcement reinforces our concerns that the Company is on the wrong track. The Company did not disclose the change in guest traffic, which continued to decline during the quarter. The adjusted EBITDA margin in Q1 2025 was 5.4%, 70 bps lower than in Q1 2023, and similar to that in Q1 2024. Considering FY 2024 was the worst year in Cracker Barrel's history, the fact that Q1 2025 results are comparable to Q1 2024 performance suggests that the t

Strategic Transformation Plan on Track LEBANON, Tenn., Nov. 14, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its preliminary unaudited financial results for the first quarter of fiscal 2025 ended November 1, 2024 and reaffirmed its fiscal 2025 outlook. The Company plans to report final first quarter fiscal 2025 financial results on December 4, 2024. Preliminary First Quarter Fiscal 2025 Financial Highlights First quarter total revenue is expected to be approximately $845.1 million. Compared to the prior year first quarter, total revenue increased 2.6%.Comparable store restaurant sales increased 2.9%, outperformi

San Antonio, TX, Nov. 13, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). See below for the shareholder letter in its original form. Dear Shareholders of Cracker Barrel Old Country Store Inc.: If you had $100 in Cracker Barrel stock in January 2019, five years later it is worth about $30. Therefore, there is just $30 to go before the entire investment is lost. Our group had approximately $350 million in the stock five years ago; it is now worth around $100 million. Your investment and ours are in the same boat. This election should be simple. It is about v

In the news release, Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel, issued 12-Nov-2024 by Biglari Capital Corp. over PR Newswire, we are advised by the company to disregard the original first sentence and the November 11, 2024 date below it. The complete, corrected release follows: Independent Proxy Advisory Firms ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg C

Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees Incumbent Directors Carl Berquist and Meg Crofton Have Overseen Observably Poor Performance and Significant Shareholder Value Destruction ISS and Glass Lewis Both Cite Substantial Analyst Concern Over the Company's Costly Transformation Plan Biglari Capital Urges Shareholders to Vote the GOLD Proxy Card for All Three of Its Director Nominees.  San Antonio, TX, Nov. 12, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). See below for the s

ISS Cites Alberti-Perez's Lack of Relevant Experience and Biglari's Poor Governance Track Record; Has Recommended Against Biglari Every Time He Has Nominated Himself at Cracker Barrel  Glass Lewis Also Recommends Shareholders "WITHHOLD" on Sardar Biglari Cracker Barrel Urges Shareholders to Vote "FOR ONLY" its 10 Recommended Nominees on the WHITE Proxy Card LEBANON, Tenn., Nov. 11, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) today announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that Cracker Barrel shareholders vote on the Company's WHITE proxy card and "WITH

Urges Shareholders to Vote the WHITE Card Today "For Only" Cracker Barrel's 10 Recommended Nominees Visit CrackerBarrelShareholders.com for More Information LEBANON, Tenn., Nov. 4, 2024 /PRNewswire/ -- The Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Board of Directors (the "Board") today mailed a letter to the Company's shareholders in connection with the upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on November 21, 2024. Shareholders of record as of September 27, 2024 will be entitled to vote at the meeting. The letter and other important information related to the Annual Meeting can be found at CrackerBarrelShareholders.com. The letter reiterates the

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Argus upgraded Cracker Barrel from Hold to Buy and set a new price target of $52.00

Argus downgraded Cracker Barrel from Buy to Hold

CL King downgraded Cracker Barrel from Buy to Neutral and set a new price target of $90.00

Piper Sandler initiated coverage of Cracker Barrel with a rating of Neutral and set a new price target of $96.00

Argus upgraded Cracker Barrel from Hold to Buy and set a new price target of $126.00

CL King resumed coverage of Cracker Barrel with a rating of Buy and set a new price target of $116.00

UBS initiated coverage of Cracker Barrel with a rating of Neutral and set a new price target of $105.00

Deutsche Bank downgraded Cracker Barrel from Buy to Hold and set a new price target of $100.00 from $109.00 previously

BofA Securities downgraded Cracker Barrel from Neutral to Underperform and set a new price target of $94.00 from $108.00 previously

Citigroup initiated coverage of Cracker Barrel with a rating of Sell and set a new price target of $97.00

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San Antonio, TX, Oct. 8, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).  See below for the shareholder letter in its original form. Dear Shareholders of Cracker Barrel Old Country Store Inc.: Through affiliated entities, we have been shareholders of Cracker Barrel since 2011. We currently own 2,069,141 shares. Since 2019, the shareholders of Cracker Barrel have collectively lost over $2.9 billion in market value.1 As 9.3% owners of the stock, we have lost our proportional share. Neither the appointment of Julie Felss Masino as the Company's CEO nor her ne

Skilled brand builder and growth driver has built successful career in hospitality by blending traditional marketing with innovation LEBANON, Tenn., July 18, 2024 /PRNewswire/ -- Cracker Barrel Old Country Store® ("Cracker Barrel" or the "Company") (NASDAQ:CBRL) is pleased to announce the appointment of Sarah Moore as its Chief Marketing Officer, effective Monday, July 22. Moore's nearly 20 years of hospitality experience is a perfect match for the strong hospitality focus of Cracker Barrel. Her strategic experience in marketing, brand building, and guest engagement will be strong assets to Cracker Barrel as it evolves, taking what is beloved and differentiated about the brand and building o

Introducing more ways to enjoy homestyle favorites and shop unique finds at our Old Country Store LEBANON, Tenn., Sept. 20, 2023 /PRNewswire/ -- Now, every visit to Cracker Barrel Old Country Store® can be even more rewarding with new Cracker Barrel Rewards™. Members of the unique program can earn Pegs (like points) through restaurant or retail purchases and redeem them for rewards. Plus, members can enjoy more of what they love from Cracker Barrel with Birthday, Anniversary and Surprise Bonus Rewards, and one-of-a-kind digital experiences just for being a member. Earn Pegs to

Jody L. Bilney Joins Cracker Barrel Board of Directors LEBANON, Tenn. and SAN ANTONIO, Texas, Sept. 28, 2022 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) ("Cracker Barrel" or the "Company") and Biglari Capital Corp., together with other affiliated entities including Biglari Holdings Inc. (NYSE:BH, BH))) (collectively, "Biglari"), announced that they have entered into a Nomination and Cooperation Agreement (the "Agreement"). Under the terms of the Agreement, the Company has expanded the Company's Board to eleven directors and appointed Jody L. Bilney, one of Biglari's nominees, as a director, effective immediately.  Ms. Bilney currently serves on the boards of director

San Antonio, TX, Dec. 14, 2021 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).  See below for the shareholder letter in its original form. Dear Fellow Cracker Barrel Shareholders: We are shareholders of Cracker Barrel Old Country Store, Inc. (the "Company"),  with an ownership of 2,055,141 shares, representing approximately 8.7% of the Company's outstanding shares. Cracker Barrel recently reported that in the first quarter of fiscal 2022, its operating income declined by 32% in relation to the first quarter of fiscal 2020 — the calendar year before the pandemic

SAN ANTONIO, Nov. 5, 2021 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). See below for the shareholder letter in its original form. Dear Fellow Cracker Barrel Shareholders: We are one of the largest and longest-standing shareholders of Cracker Barrel Old Country Store, Inc. (the "Company"), with an ownership of 2,055,141 shares, representing approximately 8.7% of the Company's outstanding shares. Last year we raised concerns about the Company's poor capital allocation and its failure to execute the three-year plan it announced in 2017. We also identified a gap

LEBANON, Tenn., April 23, 2021 /PRNewswire/ -- Cracker Barrel Old Country Store® (NASDAQ:CBRL) today announced that Darryl "Chip" Wade, 58, has been appointed to the company's Board of Directors, effective immediately.    The fifth new director named to the Board in the last four years, Mr. Wade's appointment is the result of the Company's robust board succession and refreshment program – a core element of the Board's larger, ongoing commitment to alignment with and accountability to shareholders. Mr. Wade is President of Union Square Hospitality Group, LLC (USHG), the parent company of numerous award-winning and acclaimed restaurants such as Union Square Cafe, Gramercy Tavern, and The Mode

Orlando, Florida, Feb. 11, 2021 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced the addition of Jill Golder to the company’s Board of Directors. Ms. Golder served as the Chief Financial Officer for Cracker Barrel Old Country Store (NYSE:CBRL) until her retirement on December 31, 2020. As Chief Financial Officer, Ms. Golder managed all areas of Corporate Finance, Accounting, Investor Relations, Internal Audit, Strategic Planning and Information Technology for the company. Ms. Golder currently serves as a Board Member for ABM Industries (NYSE: ABM), a Fortune 500 com

In the latest quarter, 8 analysts provided ratings for Cracker Barrel Old (NASDAQ:CBRL), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 3 2 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 1 3M Ago 0 0 1 2 1 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $50.5, a high estimate of $62.00, and a low estimate of

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:CBRL) with a Underperform and lowers the price target from $48 to $46.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BEARISH 07/12/24 $260.00 $56.8K 16.6K 132.6K AMZN CALL TRA

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AMZN CALL SWEEP BEARISH 06/28/24 $192.50 $28.0K 18.6K 68.8K RIVN CALL TRAD

Cracker Barrel Old's (NYSE:CBRL) short percent of float has fallen 20.48% since its last report. The company recently reported that it has 3.00 million shares sold short, which is 17.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.92 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i

Citigroup analyst Jon Tower maintains Cracker Barrel Old (NASDAQ:CBRL) with a Sell and lowers the price target from $48 to $42.

Truist Securities analyst Jake Bartlett maintains Cracker Barrel Old (NASDAQ:CBRL) with a Hold and lowers the price target from $51 to $46.

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported a third-quarter FY24 sales decline of 1.9% year-on-year to $817.135 million, missing the analyst consensus estimate of $820.614 million. Comparable store retail sales decreased 3.8%, and comparable store restaurant sales dropped 1.5%. “As we indicated in our recent business update call, our third quarter results came in below expectations due to softer traffic than we originally anticipated, which underscores the importance of executing our strategic transformation,” said Cracker Barrel President and CEO Julie Masino. General and administrative expenses increased 21% Y/Y to $54.5 million. The operating loss for the quarter

Fiscal 2024 Outlook The Company provided the following update to its fiscal 2024 outlook: Total revenue of $3.47 billion to $3.51 billion Two new Cracker Barrel stores and 8 to 10 new Maple Street Biscuit Company units Commodity inflation that is approximately flat compared to the prior year Hourly wage inflation of approximately 5% compared to the prior year Adjusted EBITDA1 of $200 million to $220 million, which includes the impact from the 53rd week in the fiscal 2024 year2 Capital expenditures of $120 million to $125 million

Cracker Barrel Old (NASDAQ:CBRL) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.66 by 33.33 percent. This is a 20 percent decrease over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $817.135 million which missed the analyst consensus estimate of $820.614 million by 0.42 percent. This is a 1.87 percent decrease over sales of $832.689 million the same period last year.