Cracker Barrel

Financing

Sardar Biglari and Cracker Barrel call a truce

The activist investor and the family-dining chain, which have been at odds for 11 years, reached a cooperation agreement on Wednesday.

Financing

Younger consumers are warming up to Cracker Barrel

Millennials, lured by build-your-own breakfast and fried pickles, are visiting more often. But the chain’s important 65-and-over demographic remains slow to return.

The Bottom Line: The activist investor and owner of Steak n Shake has tried several times to get on the family-dining chain’s board, with no success. It’s not stopping him from trying again.

The big shareholder has tapped former Noodles CEO Kevin Reddy and former Bloomin’ executive Jody Bilney in his sixth attempt to get a foothold within the company.

A.m. specialists young and old are enlivening the morning market in a push for younger, more affluent patrons. Grab a breakfast cocktail and read how.

In a push to expand its customer base and increase check averages, the chain is focusing on breakfast customization, plant-based choices and on-trend menu items.

The chain wants to attract different types of guests, particularly younger people who spend more.

The Bottom Line: The owner of Steak n Shake, who has tried and failed repeatedly to get on the Cracker Barrel board or get it to pay a higher dividend, wants Sandra Cochran replaced.

The delivery-only outlet in Hollywood marked uncharted territory for the 53-year-old brand, but it's well on its way to opening more.

The chain will make multiple small adjustments in coming quarters to see how customers react.

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