It’s a publicly traded company, so no, this isn’t private equity bleeding a corpse. They seem to be trying to modernize and broaden their appeal to get out of an extended post-covid slump. Per Wikipedia:
In May 2024, Cracker Barrel revealed that 16% of their customer base had not returned since 2020.
Say what you will, but those 84 people stayed because there’s no better place for microwaved insults to Southern cuisine this side of the Walmart frozen dinners aisle.
Any word yet if this is private equity stripping the copper or are they just morons?
It’s a publicly traded company, so no, this isn’t private equity bleeding a corpse. They seem to be trying to modernize and broaden their appeal to get out of an extended post-covid slump. Per Wikipedia:
Say what you will, but those 84 people stayed because there’s no better place for microwaved insults to Southern cuisine this side of the Walmart frozen dinners aisle.
I ate there once and the food was terrible. They should work on that.
because a disproportionate amount of their clientele don’t believe in vaccines, and fought against wearing wasks… wonder where that percentage went?
Given it’s private equity, my guess would be both.
Two things can be true at once. Who knows?
IIRC BlackRock owns 16% shares of Cracker Barrel, and “stripping the copper” seems to be their go-to strategy. 😬