Cracker Barrel Old Country Store (NASDAQ: CBRL) saw its shares drop sharply by 8.3% in pre-market trading following a disappointing first-quarter earnings report. The company reported an adjusted loss of $0.74 per share, missing estimates, while revenue fell to $797.2 million, below expectations.
The decline was driven by weaker comparable store sales and ongoing challenges from a controversial logo redesign earlier this year, which alienated some customers. Additionally, the company lowered its fiscal 2026 revenue and EBITDA guidance, signaling further headwinds ahead as it implements cost-saving measures to stabilize performance.
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