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Stock impact report

Cracker Barrel Board Continues to Misrepresent, says Biglari Capital Corp.

Cracker Barrel Old Country Store, Inc. (CBRL) 
Last cracker barrel old country store, inc. earnings: 2/25 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cbrlgroup.com/investor-relations
Company Research Source: PR Newswire
San Antonio, TX, Nov. 19, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following news release regarding Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL)As we quickly approach the 2024 Annual Meeting on Thursday, November 21st, Cracker Barrel continues to mislead investors. Stockholders do not need to read between the lines, they only need to read the Company's actual lines.What Cracker Barrel says about its $700 million plan on the Eve of the Annual Meeting:"Sardar Biglari continues to misrepresent Cracker Barrel's capital spending plan. We are NOT spending $600 - $700 million on store remodels over the next three years as Mr. Biglari falsely claims. Our strategic plan contemplates spending $225 - $325 million in incremental capital (i.e., over and above our normal rates of capital spending). Store remodels are only a part of this incremental amount. Other investments include improvements to our technology and highly successful loyalty program in order to drive tra Show less Read more
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