Cracker Barrel

Financing

Cracker Barrel sees some early signs of a comeback

The highwayside family-dining chain is still losing customers. But the company says efforts to improve value and service are showing some results.

Financing

Why activist investors are so interested in restaurants right now

The Bottom Line: Sardar Biglari kicked off the latest proxy this week with another one against Cracker Barrel. But it isn’t the only one as shareholders grow antsy with underwhelming stock performances.

The revamp is designed to benefit both guests and team members with menu innovation and operational improvements.

Reality Check: Decadent meal choices are also proliferating, for a lot more than $5.

The segment and its sub-sectors like the buffets market haven't had an easy time post-pandemic, prompting many members of the old guard to arm themselves with shiny new upstarts as future growth vehicles. But there's still plenty of effort being spent on helping the longtime leaders keep their footing, as this look at the Top 10 shows.

The segment's old guard is striving to amp up its traditional strength of providing value, but with more relevant and higher-quality menu options.

Henry will assume the seat vacated by fast-casual veteran Bill Moreton. At age 50, she becomes the youngest member of Cracker Barrel's board.

With traffic down 16% year-to-date, the family dining chain is embarking on a rejuvenation effort to enhance its relevance to new and lapsed customers.

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Julie Masino wants to accelerate the family dining chain's rejuvenation efforts and menu evolution.

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