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Cracker Barrel announces plans to upgrade 3 popular dinner items
Fox Business • • business
Key Points:
- Cracker Barrel plans to upgrade its chicken, hamburger, and steak dinners to improve food quality and guest satisfaction, focusing on dinner as its "biggest opportunity."
- The company completed a sale-leaseback transaction of 26 company-owned restaurants, generating $77 million in net proceeds used to reduce debt and support future growth.
- CEO Dave Deno emphasized priorities on food quality, guest experience, and employee retention to drive traffic and profitability improvements.
- Despite some pressure on lower-income customers, Cracker Barrel highlights its value proposition with an average guest check of about $16 and expects higher freight costs to be manageable within its fiscal 2027 outlook.
- Deno took over as CEO in August following a rebranding effort under former CEO Julie Masino, which included significant investments and changes that faced some customer backlash.
