Cracker Barrel (CBRL) lowers fiscal third and fourth quarter view owing to ongoing inflation, low consumer confidence and high interest rates.
Cracker Barrel (NASDAQ: CBRL ) stock is falling hard on Friday after the restaurant chain announced a major cut to its dividend. Cracker Barrel is cutting its quarterly dividend by 80% to just 25 cents per share.
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is down 20% after announcing a massive cut to its dividend on Friday. Cramer has confidence in $CBRL chief executive The chain of restaurants and gift stores trimmed its dividend by a whopping 80% to 25 cents a share this morning.
Cracker Barrel Old Country Store Inc. late Thursday called for lower profit and sales ahead as it welcomed fewer diners to its restaurants and slashed its dividend, saying it wants to focus on growing the business.