Cracker Barrel is the latest restaurant chain to signal trouble ahead as it sees fewer diners

  • 5/16/2024

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MorningStar
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Restaurant chain slashes dividend, says it had to close stores this quarter Cracker Barrel Old Country Store Inc. late Thursday called for lower profit and sales ahead as it welcomed fewer diners to its restaurants and slashed its dividend, saying it wants to focus on growing the business. Analysts polled by FactSet expect the chain to report revenue of $835 million in the fiscal third quarter and of $913 million in the fiscal fourth quarter, which would compare with $833 million in the third quarter of 2023 and $837 million in the fourth quarter of 2023.

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