Cracker Barrel sinks after cutting annual sales forecast
Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O down as much as 6.3% at $25.29 in early trading
Co cut its annual revenue forecast after market close on Tuesday, as backlash over its short-lived logo change hurt store traffic in Q1
Stock touches its lowest since September 2009
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 says CFO Craig Pommells
Concerns about active customer growth have shifted toward closer scrutiny of margin details, focusing on marketing expenses and gross margin says brokerage William Blair
As of last close, stock down ~50% YTD
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