Cracker Barrel's Q3: Sales Drop, New Kitchen Initiative Fails

Cracker Barrels Q3 results show a 5.7% sales drop, missing analysts expectations. The company blames operational issues with a new kitchen initiative, leading to food inconsistency and a negative market reaction. In response, Cracker Barrel has reverted to previous procedures, retrained staff, and is focusing on menu improvements and loyalty program expansion. Despite these efforts, the company faces uncertain recovery due to external pressures like higher input costs and macroeconomic uncertainty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.