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Cracker Barrel, a roadside travel stop restaurant, announced an 80% dividend cut and expects lower financial results for the next two quarters due to weaker foot traffic. The company also plans restaurant closures and no forward guidance, reflecting challenges in the lower-end consumer market.
Cracker Barrel Old Country $CBRL getting destroyed today after earnings guidance miss and slashing dividend >80% (52-week low, 2012 levels) Follows trend of weaker lower end consumer 3Q and 4Q results will be lower than prior view https://t.co/5JxmVrtTsE
Cracker Barrel Old Country getting destroyed today after earnings guidance miss and slashing dividend >80% (52-week low, 2012 levels) Follows trend of weaker lower end consumer 3Q and 4Q results will be lower than prior view https://t.co/oL01B1DjsP
#CrackerBarrel The "value" consumer is hurting. Cracker Barrel Stock Falls After It Cuts Dividend to Fund Brand Overhaul (https://t.co/ysqyBf4En0)
