Cracker Barrel names David Deno as CEO; shares fall

Cracker Barrel Old Country Store

27/07/2026 15:59

** Shares of casual dining chain Cracker Barrel Old Country Store  CBRL.O down as much as 4.8% at $51.11 
** Co appoints David Deno as CEO, effective from August 10
** Deno succeeds Julie Masino as the top head, who will remain with the company in an advisory capacity until October 9 to support a smooth transition
** Before joining co, Deno served as the CEO of Bloomin' Brands and spent 15 years in senior-level operations and financial positions at Yum Brands
** Earlier this month, CBRL said it expects to achieve or exceed the high end of its revenue forecast and its adjusted EBITDA outlook for FY 2026
** Last year, CBRL faced pressure from activist investor Biglari Capital after it launched a proxy battle urging shareholders to withhold reelection of Masino as CEO, following a turbulent year that included backlash over co's logo redesign
** As of last close, stock has risen ~111% YTD

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))