Cracker Barrel sinks after cutting annual sales forecast

Cracker Barrel Old Country Store

10/12/2025 11:51

** Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O down 8.3% at $24.75 premarket

** Co cut its annual revenue forecast after market close on Tuesday, as backlash over its short-lived logo change hurt store traffic in Q1

** Expects FY2026 revenue of $3.2 billion to $3.3 billion vs. prior forecast of $3.35 billion to $3.45 billion

** Tumultuous year for retail with the tariff stuff at the beginning of the year- CEO Julie Masino

** Margins impacted in large part by tariffs - CFO Craig Pommells

** While co is sticking to many of the turnaround efforts that are designed to be helpful over the long-term, things remain pretty tough at the business at present- brokerage Piper Sandler

** As of last close, stock down ~50% YTD

 (Reporting by Koyena Das in Bengaluru)

 ((koyena.das@thomsonreuters.com))