- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Cracker Barrel Went Woke and Now It’s Going Broke
Posted on 5/20/24 at 9:44 pm to Big Scrub TX
Posted on 5/20/24 at 9:44 pm to Big Scrub TX
quote:
Cracker Barrel sucks, but this is still a little cherry-picked. e.g. both McDonalds and Starbucks are down in the past year (Starbucks more than 20%). And it's not like Cracker Barrel was beating the world headed into June 2023. The stock price on the eve of the gay chair roll out was already 35% lower than it was in 2019.
CBRL's problem is not revenue, it is basically at an all-time high, and comparable restaurant earnings were up in the 2Q. The issue with earnings. Their earnings have been taking a bath since mid-21. Any boycotts have had a minimal impact on revenue.
2
Posted on 5/21/24 at 5:46 am to Obtuse1
quote:
CBRL's problem is not revenue, it is basically at an all-time high, and comparable restaurant earnings were up in the 2Q. The issue with earnings. Their earnings have been taking a bath since mid-21. Any boycotts have had a minimal impact on revenue.
Their CFO has talked about the decrease in traffic on their quarterly calls. You can't just look at the revenue number (especially in this environment) and determine they don't have an image issue.
Posted on 5/21/24 at 7:46 am to Obtuse1
quote:
CBRL's problem is not revenue, it is basically at an all-time high, and comparable restaurant earnings were up in the 2Q. The issue with earnings.
Doesn't earnings have to be up at least 20-30 percent to consider it "real" earnings growth and not just inflated like everything else in Joe Biden's America?
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News