Cracker Barrel sinks after cutting annual sales forecast

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