Cracker Barrel Faces Financial Struggles After Logo Controversy

Cracker Barrels Q1 financial results miss expectations, with a 5.7% revenue drop and revised fiscal year forecast. The companys modernization efforts, including a new logo and store redesigns, were met with backlash from customers, leading to a quick reversal of the changes. Despite shareholder support for CEO Julie Felss Masino, a director resigned amidst internal fallout. Cracker Barrel now aims to regain customer trust and stabilize financial performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.