Cracker Barrel

Financing

Cracker Barrel expects better profits despite a $5M tariff hit

The family-dining chain said improved productivity will help it weather the impact of tariffs on its retail shops. It was the latest sign that the chain's turnaround plan is working.

Financing

Cracker Barrel's turnaround gains momentum

Same-store sales at the family-dining chain rose for the third straight quarter as customers responded to new menu items and value offerings.

Sarah Moore is working to strike a balance between pleasing longtime fans and winning over new ones at the 55-year-old family-dining chain.

The family-dining chain posted a same-store restaurant sales increase of 2.9% for the first quarter, but retail sales continued to slip.

The Bottom Line: The activist investor lost yet another proxy battle against the family-dining restaurant chain operator. He’d have been far better off getting out and moving on.

The dissident investor failed to get himself and an ally onto the family-dining chain's board, giving management's strategic plan a bright green light.

Reality Check: A letter mailed to shareholders Monday repeats a detailed inventory of the investor's alleged faults as a business leader.

The company has agreed to endorse one of the dissident's three nominees for a board seat. But it alerted shareholders that it expects the proxy fight to continue.

Reality Check: The persistent antagonist is shifting his aim from a takedown of the CEO to a revolt against her bosses.

But this time he's willing to let the CEO of the family-dining chain and a majority of its current directors remain in place.

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