President Donald Trump on Tuesday urged Cracker Barrel Old Country Store Inc. to abandon its week-old minimalist logo and restore the chain’s traditional branding. In a Truth Social post, Trump said the restaurant should “admit a mistake based on customer response” and stage a news conference to “make Cracker Barrel a WINNER again,” arguing the controversy has already given the company “a billion dollars’ worth of free publicity.” Cracker Barrel unveiled the stripped-down logo on Aug. 19 as part of a broader $700 million remodel program, eliminating the image of the seated farmer known informally as “Uncle Herschel.” The change drew heavy criticism on social media and led the Lebanon, Tennessee-based company to release a statement late Monday conceding it “could’ve done a better job” explaining the redesign. Chief Executive Officer Julie Masino has previously said customer feedback on remodeled stores has been “overwhelmingly positive.” Investor reaction to Trump’s intervention was swift: Cracker Barrel shares rose more than 5 % in morning New York trading, trimming part of the roughly 14 % decline logged since the rebrand was announced last week. The company is scheduled to report quarterly earnings in September.
Trump said on his Truth Social platform that "Cracker Barrel should go back to the old logo." https://t.co/CL6k7yqcDm
$CBRL payday shares sold for good payday%. I now settle into the full swing with $ in my pocket. I took this for the bounce so no green to red stop now.
President Trump addressed the mounting controversy surrounding Cracker Barrel on Tuesday amid public backlash to the restaurant and country store's recent logo change and redesign. https://t.co/4deJrGbKsU