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To improve liquidity, Cracker Barrel entered a second sale-leaseback transaction in which the company sold 62 properties for roughly $150 million. The catering kitchen—Cracker Barrel’s version of a ghost kitchen—will potentially include menu items that traditional kitchens can’t handle, allow for third-party delivery, and supplement store needs around the holiday season. Cochran said the technology will support bundled restaurant and retail offerings, a loyalty program, and increased personalization. More than 95 percent of Cracker Barrel’s 654 stores have open dining rooms. You will be added to our Wait List; although, you may have a short wait when you arrive while we get ready for you. Shop our selection of Rockers, Tables, Hammocks & More, You must agree to our terms before continuing. Cracker Barrel changes may not hurt fans as much as the news that the Baked Apple Dumplin' is no longer on the menu. The cost-saving system is in 175 stores and is expected to reach 500 by the end of the year. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Although you have more options now, here's why You'll Never Drink Alcohol at Restaurants the Same Way Again. The latest headlines and features from FSR magazine’s editors. Fresh-Baked Holiday Pies There’s always room on the table for something sweet. Connect with friends faster than ever with the new Facebook app. Over 350 locations have already set up tables and chairs outside on their porch for safe dining. In fiscal 2020, Cracker Barrel earned $2.52 billion in total revenue, or a 17.9 percent decrease compared to last year. “It’s foundational for future planned initiatives that we believe will further enhance the guest experience and empower guests by giving them more control over their journey,” Cochran said during Cracker Barrel’s Q4 earnings call. “I continue to be impressed with how the Maple Street team is navigating the difficult environment, and I’m excited about the brand’s future,” Cochran said. For more on staying safe while dining out, This Is the Safest Restaurant Chain Right Now, New Survey Finds. Given the savings already realized, CFO Jill Golder said Cracker Barrel anticipates achieving the remaining balance of the approximately $50 million cost-savings target in 2021, with about $12 million to $13 million in savings in each of the first three quarters. You'll Never Drink Alcohol at Restaurants the Same Way Again. THE COVID ROAD FOR CRACKER BARREL SO FAR: Sardar Biglari: Cracker Barrel Made ‘One of the Worst Business Blunders’ in Restaurant History, Cracker Barrel Launches Simplified Dinner Menu, At Cracker Barrel, Guests are Coming Back and So are Sales, Cracker Barrel Reopens Dining Rooms in Georgia and Tennessee, Cracker Barrel Strikes a Delivery Deal with DoorDash, Sardar Biglari Calls Cracker Barrel's Punch Bowl Move 'Panic Exit’, Punch Bowl Social Closes, Lays Off Majority of Employees. will be … Currently being used in 150 stores, the digital platform serves as an integrated experience for customers ordering food and retail. Cracker Barrel is keeping its focus on menu evolution, too. Same-store sales dropped 18.9 percent for the year, including a 21.6 percent slide in traffic and 2.7 percent uptick in average check. As the weather cools down, there are a few things that are going to continue to change about dining out. The momentum is building, and Cracker Barrel is determined to amplify that growth as it enters a new fiscal year. The restaurant expects the second transaction to result in a $218 million non-cash gain on sale of assets. In Q4, comp sales declined 39.2 percent, including a 40.7 percent decrease in traffic and 1.5 percent increase in average check.

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