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Why Cracker Barrel Stock Crumbled on Friday

Why Cracker Barrel Stock Crumbled on Friday

Shares of restaurant company Cracker Barrel Old Country Store (NASDAQ: CBRL) crumbled on Friday after the company reported financial results for the first quarter of its fiscal 2023 and lowered expectations for the rest of the year. As of 11:30 a.m. ET, Cracker Barrel stock was down 11%. Cracker Barrel is a tale of two lines: the top and bottom.