Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue. Cramer Thinks The Market is “Outrageously Bullish” […]
Shares of restaurant company Cracker Barrel (NASDAQ:CBRL) fell 14.7% in the morning session after the company announced updates related to its strategic transformation plan and capital allocation strategy. Specifically, the Board of Directors declared a quarterly dividend of $0.25 per share of the company's common stock, down more than 80% from the previous dividend of $1.30. In addition, the company expects Q3 and Q4 2024 financial results to be below its previous expectations, mainly due to we
Cracker Barrel (CBRL) lowers fiscal third and fourth quarter view owing to ongoing inflation, low consumer confidence and high interest rates.