Looks like BKW may have just alienated a lot of their customers. Whats up with business trying to mix politics...?
Sentiment: Strong Sell
1) I enjoy Cracker Barrel when I get to go - both food and service. They need to empty bins in men's room more often.
2) I don't think it is ethical to make up stuff when you post as in post on profit vs stores
3) I understand CBRL policy on handouts, although their reaction to employee was ridiculous. Surprisingly, site which gives employee ratings of employer had decent ratings for CBRL. In Philadelphia there is an organization which collects older but still healthy food for distribution - it collects from both markets and restaurants.
Too bad if it has. Cracker heads should take a hard look at their toy stores and rethink who they are.
Except for a few negative comments on Facebook, and a couple of negative news stories it looks like people have dismissed it all.
A downvote? Must be from a pure corporation profit junky. Saving 10 cents on a biscuit and having stock fall $1.10 the first trading day after. Connection????? No way right? Screw that idiot greeter that wasted that 10 cent biscuit. He deserves firing right?
This plastic corporation that sells #$%$ food and junk items at inflated prices needs to get a grip on what is happening around them.
A dollar down is a small price to pay for a quick education. As more people get wind of this #$%$ way to treat employees they will hopefully sell off this chain of greedy #$%$ peddlers and buy a company that continues to support AMERICA and AMERICANS instead of this Chinese #$%$ peddler.
Change your policies you fools or suffer the losses of business you justly deserve.
The skimping on the 100% maple syrup doesn't fool people, they know they are getting the raw deal, once again the little things like this that slowly erode the business.
Vist a store. 10 cent toys for $10. Cold pancakes, sugar coated breakfasts, bitter coffee, confused wait staff, coldhearted management.
$12 for a pancake, eggs, greasy sausage and cold coffee?
No thanks. My ex-wife will do that for free. And her attitude will be less surly than the one you are greeted with at this plastic coated facade of corporate food. Their is no heart left in Cracker Barrel.
One store is all you need to see to understand what the problem is with Cracker Head Store.
Get your head out of projections and go see the truth.....
So true Brad. When I visited their store in Killeen, Texas a few eeks ago the noise level was abusive. Help was overwhelmed. Food was cold. Syrup tasted like corn syrup but said it was a blended Maple Syrup. Not enough syrup to cover one half a pancake. Coffee tasted bitter, old and weak. Had to ask for water. Floor dirty. Management running around with lots of Lieutenants and very few privates.
Not impressed at all. This place worked in 1975 but now in 2014 seems like it's time has come and gone. America is leaning down and this OLD theme has run it's course.
Selling is a reasonable reaction to this management team. Arrogant is a word i would place before their name. Certainly not Honorable.
Instead of shouting "LET THE EAT CAKE!" they shouted "NO BISCUIT!".
Short seems like a no brainer here.
This story really shows a lot about Cracker Barrel. First is they barely pay a liveable wage to their employees, second being how many of these employees live in constant fear of being "written up" for violating some policy and it makes CBRL a miserable place to work, which ultimately impacts service and guest satisfaction, no wonder sales have been declining. The smart employees and top talent probably move on quickly to jobs which will pay them a decent wage, but where they are also respected by management and not policed by management. I mean you have to wonder what the manager was doing if they spend more time on policing employees than taking care of customers.
Sentiment: Strong Sell
This corn muffin probably cost 10 cents at most. If management was so bright they'd look at it that even with Joe's minimum wage job, this was the equivalent of 1 minute of working time. So they go fire the guy, who appears to be the wholesome grandfatherly type image they want to portray, and now they'll have to train someone else and it will cost them more there. Sure it was against policy, but I'm sure there are a ton of other instances where common sense is overruled in that respect. Cracker Barrel is going to take a hit on this, they already have declining traffic, something like this could set off the tipping point of further acceleration of losses there. This cronies at the top meanwhile install "rights plans" to prevent shareholders from buying stock on the open market. Management all needs to flushed at this company before they destroy it.
Sentiment: Strong Sell
FLASH !!! Monday morning bright and early the world record price paid for a Cracker Barrel CORN Muffin will be paid by CRACKER HEADED management team of Cracker Barrel. Watch close as the business finds somewhere else to buy poorly cooked pancakes and overpriced Chinese maded American Patriot flags.
Cracker Barrel is an anachronism now. They sell Americana to a country that cannot afford a biscuit.
How many down points will this FORCE investors to take????? Way too many.
ERGO? Millions of dollars of losses in stock price for ONE LITTLE BISCUIT !!!!!
Way to go idiots !!!
How many pieces of pure junk can I purchase from Cracker Barrel? Answer? Anything they sell. I walked into a store a few weeks ago and found myself immersed in a world of junk designed for consumers flush with cash. Instead we have out of work people faced with begging for tartar sauce for their tin can cooked fish. And Cracker headed management fires a greeter for being compassionate?
Guess what investors...... TIME TO DIVEST ONESELF FROM THIS STONEHEARTED MANAGEMENT TEAM. Watch this event build if they don't stop it now. But is CORPORATE AMERICA capable of understanding feelings OR hunger? I will bet against this bunch of corporate fools. That action was STUPID.
We will see. Me? I SEE selling here. Hard and heavy selling. Monday AM finds selling as much as possible and then watch the event build. This should be good for a good ten of twenty fast points........
Expensive corn muffing. Too funny.
Cracker Barrel is in the news again, this time firing a veteran for giving a needy person a cornbread muffin "against company policy". It reminds me of the Duck Dynasty fiasco where management took a hard line there and had to reverse themselves. Seriously? I mean management here just needs to use common sense when dealing with things, because they are going to keep alienating their customer base. It's bad enough the upper management doesn't seem to support the shareholders, now it seems like incompetence is present throughout the whole organization. This 10 cent muffin and act of goodwill will cost them millions when patrons vote with their feed and choose other dining establishments. Just think what happens to the share price when sales continue to show the downward trend.
Your statement seems incorrect, but it is hard to say: what is your time period and what are the number of stores you are using in your calculations?
The corporation needs to reincorporate in Delaware.
So today we have Many more stores than a few years ago, yet profits are not moving up proportionately. Gee, I wonder why ?
I actually think billboards might be effective for CBRL. Biglari was commenting on how much they were paying for them. I don't recall CBRL ever defending what they were paying. Maybe they did and I forgot ?
In any event, the one time dividend wouldn't create value, it would create debt. I don't think it would have helped CBRL shares although it would have helped biglari because he could have cashed out while still owning the same %.
I think it would have helped BH more than it would have helped CBRL.
Theres no chance that CBRL is going to go private. That's silly. The vast majority of its shareholders not named biglari support them.