Cracker Barrel Shares Slide 10% As Q4 Misses Estimates, Refocuses On Guest Experience After Rebrand Backlash

About Cracker Barrel Shares Slide 10% As Q4 Misses Estimates, Refocuses On Guest Experience After Rebrand Backlash

Cracker Barrel experienced a 10% decline in shares after reporting mixed fourth-quarter earnings that missed estimates. Despite surpassing revenue expectations, earnings per share fell short. The company is refocusing on enhancing guest experience following a backlash over its recent rebrand, which included restoring its traditional logo and pausing remodels. CEO Julie Masino emphasized responding to customer feedback while planning modest revenue growth for the upcoming year. The company anticipates slight declines in same-store traffic amid ongoing adjustments.