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Cracker Barrel

Financing

How the Cracker Barrel-Punch Bowl Social deal came together

A December phone call led to an unlikely pairing and one of the most interesting deals in years, says RB’s The Bottom Line.

Financing

Cracker Barrel to invest up to $140M in Punch Bowl Social

The deal gives the highway-side family dining chain a noncontrolling stake in the “eatertainment” concept.

The casual-dining chain saw traffic slide 1.8% in Q3.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

The chairman of Biglari Holdings has reignited a long-dormant activist campaign, says RB’s The Bottom Line.

Takeout sales grew 20% last quarter as the company’s focus on Thanksgiving and Christmas paid off.

Some say they light a fire under management. Others just see brands going up in flames.

The sale is the Steak ‘n Shake owner is quietly reducing his holdings, which is big for both him and Cracker Barrell, says RB’s The Bottom Line.

The chain’s traffic continues to decline, and the CEO thinks delivery pressure is to blame.

These LTOs tempted customers in October.

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