Cracker Barrel to hike prices after sales drop, CEO admits chain ‘just not as relevant'
CBRLCracker Barrel(CBRL) New York Post·2024-05-31 01:44

Cracker Barrel said it plans to raise its menu prices — even as it reported a revenue drop at its restaurants for the third quarter — after the Southernthemed restaurant chain's CEO admitted last week it was "just not as relevant" as it used to be. Cracker Barrel is the latest company that has struggled to turn a profit in an era of sticky inflation. It hopes that raising prices by 5% through the end of this year will help turn its fortunes. 3 Cracker Barrel on Thursday reported disappointing earnings for t ...