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Benzinga
Benzinga
Business
Vishaal Sanjay

Cracker Barrel CEO Julie Masino Says, 'Will Not Proceed With These Modern Stores' — Hits Pause On $700 Million CapEx Plan After Remodelling Backlash

Cracker Barrel Old Country Store sign

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) is pausing its long-term capital investment strategy following guest backlash over recent store remodels and a rebranding effort that led to an 8% decline in foot traffic.

Check out the current price of CBRL stock here.

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