Cracker Barrel (CBRL) Stock Down on Dividend Cut, Dismal View
CBRLCracker Barrel(CBRL) zacks.com·2024-05-17 23:16

Cracker Barrel Old Country Store, Inc. (CBRL) recently announced an update on its third and fourth quarter of fiscal 2024 financial results. The company expects lower-than-anticipated traffic to negatively impact its performance. Additionally, it announced plans to accelerate investments in organic growth by reallocating capital and reducing its quarterly dividend to $0.25 per share from $1.30. Following the announcements, the stock declined 10.3% in after-hours trading on May 16.Q3 & Q4 Fiscal 2024 UpdateM ...