Cracker Barrel

Financing

The FTC fines Biglari Holdings $1.4M over ‘grossly negligent’ Cracker Barrel stock purchase

It was the investor’s second such fine for violating antitrust laws related to the reporting of stock purchases by large existing shareholders.

Financing

Sardar Biglari doesn’t want Cracker Barrel to build restaurants

The Bottom Line: The controlling shareholder of the company that owns Steak n Shake wants the family dining chain to stop spending on restaurants.

The chain’s same-store sales are back to status quo thanks to better staffing. But the underlying business looks a bit different.

The chain expects its virtual brands and ghost kitchens to generate incremental sales, though it’s still too early to tell just how well they’ll do.

Chains like Cracker Barrel and Chili’s are using small-format kitchens to go places they couldn’t before.

Pommells was formerly CFO of Red Lobster and also spent more than a decade at Darden. He is the permanent replacement for retired CFO Jill Golder.

The Bottom Line: The investor, who has been rebuffed repeatedly in his efforts to join the company’s board, is now tackling executive bonuses and wants more dividends.

The casual-dining chain will make its LA debut this week with the delivery-only Cracker Barrel Kitchen.

Labor challenges contributed to a difficult summer at the chain, but it has a few reasons to feel optimistic.

The full-service family dining chain takes bacon beyond breakfast and debuts seasonal drinks.

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