Cracker Barrel to take $133 million charge on Punch Bowl Social foreclosure, draws down remaining credit facility [MarketWatch]
Cracker Barrel Old Country Store, Inc. (CBRL)
Last cracker barrel old country store, inc. earnings: 2/25 08:00 am
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Source: MarketWatch
Cracker Barrel to take $133 million charge on Punch Bowl Social foreclosure, draws down remaining credit facility Cracker Barrel Old Country Store Inc. CBRL, +18.28% said Wednesday that it will take a fiscal third-quarter charge of $133 million from the foreclosure of Punch Bowl Social. Cracker Barrel took 58.6% ownership interest in PBS Holdco in July 2019. PBS Holdco and its subsidiaries operated the Punch Bowl Social food, beverage and entertainment chain. Due to the coronavirus outbreak, operations were suspended at all 19 Punch Bowl Social locations and "substantially all" of the staff was laid off. Cracker Barrel plans to focus on its core business amid the pandemic. The $133 million charge represents all of the equity Cracker Barrel had in the Punch Bowl Social Business. Cracker Barrel's core business, which includes 664 Cracker Barrel restaurants and 28 Maple Street Biscuit Company locations, is operating as take-out and delivery-only establishments. Cracker Barrel has draw
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News
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- Cracker Barrel's Board Urges Shareholders to Vote the WHITE Card "FOR ONLY" Cracker Barrel's 10 Recommended Director Nominees in Advance of Company's Annual Meeting This Week [Yahoo! Finance]Yahoo! Finance
CBRL
Earnings
- 9/19/24 - Miss
CBRL
Sec Filings
- 11/19/24 - Form DFAN14A
- 11/18/24 - Form DEFA14A
- 11/15/24 - Form DEFA14A
- CBRL's page on the SEC website