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Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.

Cracker Barrel Old Country Store, Inc.

The significance of a company's longevity in the market

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Debt

NEW YORK--(BUSINESS WIRE)--EGAN-JONES PROXY SERVICES HAS ANNOUNCED ITS RECOMMENDATION THAT SHAREHOLDERS OF CRACKER BARREL OLD COUNTRY STORE, INC. (NASDAQ: CBRL) WITHHOLD THEIR VOTES FOR SEVERAL MEMBERS OF THE COMPANY'S BOARD OF DIRECTORS AND ITS CHIEF EXECUTIVE OFFICER AT THE UPCOMING NOVEMBER 20 SHAREHOLDER MEETING. EGAN-JONES CITED CONTINUED FINANCIAL UNDERPERFORMANCE, DECLINING FOOT TRAFFIC AND POOR EXECUTION OF MANAGEMENT INITIATIVES AS PRIMARY CONCERNS. CRACKER BARREL'S MARKET CAPITALIZATI.

EGAN-JONES PROXY SERVICES ISSUES WITHHOLD RECOMMENDATION FOR CRACKER BARREL DIRECTORS AND CEO MASINO DUE TO ONGOING DECLINE AND POOR RESULTS

SHARE PRICE HASDECLINED 30% 1 SINCE THE COMPANY REITERATED ITS COMMITMENT TO PURSUE THE SAME FAILED TRANSFORMATION PLAN AND SUPPORT A CEO THAT HAS ALREADY DESTROYED OVER $1 BILLION IN MARKET VALUE2 SHORT INTEREST IN CRACKER BARREL STOCK IS HIGH AND HAS REMAINED HIGH DESPITE THE FALLING SHARE PRICE. SHORT SELLERS EXPECT FURTHER DOWNSIDE BIGLARI CAPITAL URGES SHAREHOLDERS TO JOIN ITS EFFORTS TO SEND THE BOARD A RESOUNDING MESSAGE DEMANDING CHANGE BY VOTING AGAINST THE ELECTION OF CERTAIN CRACKER BARREL DIRECTORS ON THE GOLD PROXY CARD AT THE UPCOMING ANNUAL MEETING SAN ANTONIO , NOV. 13, 2025 /PRNEWSWIRE/ -- BIGLARI CAPITAL CORP. (TOGETHER WITH ITS AFFILIATES, "BIGLARI CAPITAL") TODAY RELEASED THE FOLLOWING STATEMENT TO SHAREHOLDERS OF CRACKER BARREL OLD COUNTRY STORE, INC. (THE "COMPANY" OR "CRACKER BARREL") (NASDAQ: CBRL).

BIGLARI CAPITAL URGES ALL SHAREHOLDERS TO SEND A STRONG MESSAGE TO THE CRACKER BARREL BOARD THAT THE CURRENT PLAN IS FAILING

GLASS LEWIS RECOMMENDS CRACKER BARREL SHAREHOLDERS VOTE AGAINST THE ELECTION OF DIRECTOR GILBERT DVILA FOR "FAULTY" BOARD-LEVEL MARKETING EXPERTISE, AND JODY BILNEY FOR ADOPTING 'ARBITRARY' AND 'REGRESSIVE' BYLAW AMENDMENTS GLASS LEWIS CONCLUDED CRACKER BARREL'S BYLAW REVISIONS ARE FIRMLY MISALIGNED WITH BASIC STANDARDS OF CORPORATE GOVERNANCE ISS RECOMMENDS CRACKER BARREL SHAREHOLDERS VOTE AGAINST THE ELECTION OF DIRECTOR GILBERT DVILA EGAN-JONES RECOGNIZES URGENT NEED FOR LEADERSHIP CHANGE GIVEN CRACKER BARREL'S LAGGING TSR, FINANCIAL UNDERPERFORMANCE, OPERATIONAL CHALLENGES, AND MANAGEMENT AND STRATEGY EXECUTION FAILURES EGAN-JONES RECOMMENDS CRACKER BARREL SHAREHOLDERS VOTE AGAINST THE ELECTION OF CEO JULIE MASINO, CHAIRMAN CARL BERQUIST, AND DIRECTORS GILBERT DVILA, GISEL RUIZ AND DARRYL WADE SAN ANTONIO , NOV. 10, 2025 /PRNEWSWIRE/ -- BIGLARI CAPITAL CORP. (TOGETHER WITH ITS AFFILIATES, "BIGLARI CAPITAL") TODAY ANNOUNCED THAT INDEPENDENT PROXY ADVISORY FIRMS, INSTITUTIONAL SHAREHOLDER SERVICES ("ISS") AND GLASS LEWIS, HAVE RECOMMENDED THAT SHAREHOLDERS VOTE AGAINST THE ELECTION OF ONE OR MORE INCUMBENT NOMINEES OF CRACKER BARREL OLD COUNTRY STORE, INC. ("CRACKER BARREL" OR THE "COMPANY") (NASDAQ: CBRL) AT THE COMPANY'S UPCOMING ANNUAL MEETING OF SHAREHOLDERS, SCHEDULED TO BE HELD ON NOVEMBER 20, 2025 (THE "ANNUAL MEETING"). IN ITS REPORT, GLASS LEWIS* (EMPHASIS ADDED): NOTED THE BOARD'S ATTEMPTS TO DEFLECT AND DISTRACT SHAREHOLDERS AND THAT BIGLARI CAPITAL HAS BEEN CORRECT IN ITS CRITICISMS OF THE COMPANY: "ARGUING, FOR INSTANCE, THAT GROWTH AND VALUE CREATION ARE AT CONCEPTUAL RISK (RESURRECTING A FAIRLY WEAK DEFENSIVE REFRAIN FROM THE 2024 FIGHT) WHILE CONCURRENTLYFAILING TO CLEARLY ACKNOWLEDGE ROUGHLY A BILLION DOLLARS IN LOST MARKET VALUE OVER THE LAST TWO YEARS IS AN OVERTLY QUESTIONABLE GAMBIT.

PROXY ADVISORY FIRMS, ISS, GLASS LEWIS, AND EGAN-JONES, CONCLUDE CHANGE IS WARRANTED AT CRACKER BARREL AND RECOMMEND VOTE AGAINST CRACKER BARREL NOMINEES

EGAN-JONES RECOMMENDS CRACKER BARREL SHAREHOLDERS VOTE AGAINST THE ELECTION OF CEO JULIE MASINO, CHAIRMAN CARL BERQUIST, AND DIRECTORS GILBERT DVILA, T, GISEL RUIZ AND DARRYL WADE EGAN-JONES RECOGNIZES URGENT NEED FOR LEADERSHIP CHANGE GIVEN CRACKER BARREL'S LAGGING TSR, FINANCIAL UNDERPERFORMANCE, OPERATIONAL CHALLENGES, AND MANAGEMENT AND STRATEGY EXECUTION FAILURES THE PROXY ADVISOR WARNS THAT CRACKER BARREL FACES A CLASSIC "DEATH SPIRAL" EMPHASIZING THAT TIME IS OF THE ESSENCE TO REVERSE COURSE BIGLARI CAPITAL URGES SHAREHOLDERS TO JOIN ITS EFFORTS IN VOTINGAGAINST THE ELECTION OF CERTAIN CRACKER BARREL DIRECTORS ON THE GOLD PROXY CARD AT THE UPCOMING ANNUAL MEETING SAN ANTONIO , NOV. 7, 2025 /PRNEWSWIRE/ -- BIGLARI CAPITAL CORP. (TOGETHER WITH ITS AFFILIATES, "BIGLARI CAPITAL") TODAY ANNOUNCED THAT INDEPENDENT PROXY ADVISORY FIRM, EGAN-JONES RATINGS COMPANY ("EGAN-JONES"), HAS RECOMMENDED THAT STOCKHOLDERS VOTEAGAINST THE ELECTION OF FIVE INCUMBENT NOMINEES OF CRACKER BARREL OLD COUNTRY STORE, INC. ("CRACKER BARREL" OR THE "COMPANY") (NASDAQ: CBRL ) AT THE COMPANY'S UPCOMING ANNUAL MEETING OF SHAREHOLDERS, SCHEDULED TO BE HELD ON NOVEMBER 20, 2025 (THE "ANNUAL MEETING"). IN ITS REPORT, EGAN-JONES* (EMPHASIS ADDED): HIGHLIGHTED THE COMPANY'S CHRONIC UNDERPERFORMANCE, RISING OPERATING COSTS, DECLINING GUEST TRAFFIC AND SIGNIFICANT EARNINGS DECLINE: - "SINCE EARLY 2020, CRACKER BARREL'S TSR HAS DECLINED BY 70%, SIGNIFICANTLY TRAILING ITS RESTAURANT PEERS, INCLUDING BRINKER, DARDEN, AND TEXAS ROADHOUSE, AS WELL AS THE BROADER MARKET.

EGAN-JONES RECOMMENDS LEADERSHIP CHANGE AT CRACKER BARREL: TO VOTE AGAINST THE ELECTION OF FIVE INCUMBENT DIRECTORS, INCLUDING CEO JULIE MASINO

CRACKER BARREL WILL HONOR VETERANS WITH A FREE BREAKFAST ON NOVEMBER 11 WHILE THE CRACKER BARREL OLD COUNTRY STORE FOUNDATION PLEDGES $150,000 TO 30 VETERAN-FOCUSED CHARITIES THROUGH ITS "30 CHARITIES IN 30 DAYS" INITIATIVE LEBANON, TENN. , NOV. 4, 2025 /PRNEWSWIRE/ -- IN CELEBRATION OF VETERANS DAY, CRACKER BARREL OLD COUNTRY STORE, A FAMILY DINING AND RETAIL COMPANY, IS PROUD TO HONOR THE BRAVE MEN AND WOMEN WHO HAVE SERVED OUR COUNTRY BY OFFERING A COMPLIMENTARY SUNRISE PANCAKE SPECIAL*, A SCRATCH-MADE BREAKFAST FAVORITE, TO ALL VETERANS AND ACTIVE-DUTY MILITARY DINING IN ON NOVEMBER 11 AT ANY OF THE NEARLY 660 CRACKER BARREL LOCATIONS.

CRACKER BARREL OLD COUNTRY STORE AND CRACKER BARREL OLD COUNTRY STORE FOUNDATION UNITE TOGETHER TO SUPPORT OUR NATION'S HEROES THIS NOVEMBER

BELOVED DISHES LIKE CINNAMON SWIRL FRENCH TOAST, COUNTRY FRIED TURKEY AND TURKEY SAUSAGE RETURN TO MENUS  ALONGSIDE AN ALL-NEW BREAKFAST BURGER STACKED WITH SCRATCH-MADE BREAKFAST FAVORITES  ALL FOR A LIMITED-TIME LEBANON, TENN. , OCT. 20, 2025 /PRNEWSWIRE/ -- CRACKER BARREL OLD COUNTRY STOREIS KICKING OFF THE MOST WONDERFUL TIME OF THE YEAR WITH A HOLIDAY MENU ROOTED IN TRADITION AND SEASONAL FLAVORS.

CRACKER BARREL SETS THE TABLE FOR A DELICIOUS HOLIDAY SEASON WITH CLASSIC COMFORTS AND ALL THINGS JOY

LEBANON, TENN. , OCT. 2, 2025 /PRNEWSWIRE/ --CRACKER BARREL OLD COUNTRY STORE, INC. ("CRACKER BARREL") TODAY ANNOUNCED LEADERSHIP AND ORGANIZATIONAL STRUCTURE ENHANCEMENTS AS THE COMPANY REINFORCES ITS FOCUS ON DELIVERING OUTSTANDING FOOD AND EXPERIENCES GUESTS LOVE.

CRACKER BARREL REINFORCES FOCUS ON FOOD AND GUEST EXPERIENCE WITH LEADERSHIP AND ORGANIZATIONAL STRUCTURE CHANGES

LEBANON, TENN. , SEPT. 17, 2025 /PRNEWSWIRE/ --CRACKER BARREL OLD COUNTRY STORE, INC. ("CRACKER BARREL" OR THE "COMPANY") (NASDAQ:CBRL) TODAY REPORTED ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER OF FISCAL 2025 ENDED AUGUST 1, 2025.

Cracker Barrel Old Country Store, Inc.

CBRL

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Cracker Barrel Old Country Store, Inc.

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