Yeah, sure , blame it on the pandemic.
Cracker Barrel’s stock has been in freefall over the past week after its CEO admitted the biscuits-and-gravy chain is “just not as relevant” as it used to be — and failed to show investors a convincing plan to revamp its restaurants.
The 54-year-old roadside eatery — with its Old Country Store and down-home menu of chicken fried steak, grits and hash brown casserole — has been steadily losing customers for the past decade.
Its senior clientele, among its most loyal, fled during the pandemic and many have since failed to return.
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Yeah, sure , blame it on the pandemic.
>Cracker Barrel’s stock has been in freefall over the past week after its CEO admitted the biscuits-and-gravy chain is “just not as relevant” as it used to be — and failed to show investors a convincing plan to revamp its restaurants.
>The 54-year-old roadside eatery — with its Old Country Store and down-home menu of chicken fried steak, grits and hash brown casserole — has been steadily losing customers for the past decade.
>Its senior clientele, among its most loyal, fled during the pandemic and many have since failed to return.
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