Welcome to our dedicated page for Cracker Barrel Old Country Store, Inc,. news (Ticker: CBRL), a resource for investors and traders seeking the latest updates and insights on Cracker Barrel Old Country Store, Inc,. stock.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL), founded in 1969 in Lebanon, Tennessee, is a unique blend of restaurant and retail. Offering a home-away-from-home experience, Cracker Barrel welcomes guests with genuine hospitality and serves up hearty, home-style country meals. The menu features traditional favorites like meatloaf, homemade chicken n’ dumplings, and signature biscuits made from an old family recipe.
Beyond its restaurant offerings, Cracker Barrel also operates an authentic Old Country Store, providing a nostalgic shopping experience with unique gifts and self-indulgent items. The combination of dining and retail contributes significantly to the company's revenue, with apparel and accessories being the top earners in the retail segment.
Cracker Barrel has established a strong presence, operating over 660 company-owned locations across 45 states, each designed to reflect America’s country heritage. The stores are open daily, serving breakfast, lunch, and dinner, ensuring that guests can enjoy their favorite meals any time of the day.
The company has been making notable strides in enhancing its guest experience and operational performance. Recent initiatives include the launch of the Cracker Barrel Rewards loyalty program, which has seen enthusiastic customer participation. In addition, Cracker Barrel continues to innovate its menu, recently introducing the Golden Carolina BBQ Tenders, available exclusively through DoorDash before their nationwide release.
Financially, Cracker Barrel reported a total revenue of $823.8 million in the first quarter of fiscal 2024, with a slight decrease compared to the prior year. Despite challenges such as higher labor costs and operating expenses, the company remains committed to improving its performance and delivering value to its shareholders. It has also announced a quarterly dividend of $1.30 per share, payable on February 13, 2024.
Looking ahead, Cracker Barrel is focused on its strategic transformation plan to drive relevancy and profitability. This includes investing in organic growth, enhancing the guest experience, and addressing macroeconomic challenges like inflation and consumer confidence. The company remains optimistic about its future, leveraging its iconic brand and strong foundation to navigate the evolving market landscape.
For more detailed financial information and latest updates, visit crackerbarrel.com.
Cracker Barrel celebrates National Buttermilk Biscuit Day by offering free biscuits to guests at their stores. A recent survey by Cracker Barrel reveals interesting state-by-state data on biscuit preferences, with butter and gravy being the top choices, but some states preferring bacon, sausage, eggs, or jelly/jam toppings. The survey also highlights that most Americans enjoy biscuits at any time of the day, with a preference for both sweet and savory toppings. Cracker Barrel's handmade buttermilk biscuits are made fresh daily and can be enjoyed in-store or made at home using their Homemade Biscuit + Dumpling Mix. The survey found that the South has a strong love for buttermilk biscuits, while Massachusetts had the lowest percentage of people claiming they could eat biscuits every day. Overall, the survey shows that buttermilk biscuits are well-loved across all 50 states.
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