Here's Why You Should Steer Clear of Cracker Barrel (CBRL) Stock
Cracker Barrel(CBRL) Zacks Investment Research·2024-03-19 00:06
Following a challenging year in 2023, Cracker Barrel Old Country Store, Inc. (CBRL) continues to grapple with strong headwinds, including commodity and wage inflation and declining comparable store retail sales. Also, dismal industry traffic and shifts in consumer discretionary spending are a concern. Shares of CBRL have declined by 16.5% in the past three months, against the S&P 500 and the Zacks Retail - Restaurants industry’s growth of 7% and 1.5%, respectively. Earnings estimates for the fiscal 2024 hav ...