Here's Why Investors Should Avoid Cracker Barrel (CBRL) Now
Cracker Barrel(CBRL) ZACKS·2024-07-09 23:20
Cracker Barrel Old Country Store, Inc. (CBRL) has been losing sheen so far this year. Dismal comps, rising costs and traffic woes continue to hurt the company.A look at Cracker Barrel’s price trend reveals that the stock has witnessed an unimpressive run on the bourses so far this year. Shares of the company have lost 47.7% compared with the industry’s decline of 9.1%. This reflects investors’ pessimism on the stock, given the uncertain sales environment.Moreover, in the past two months, earnings estimates ...