this post was submitted on 25 Aug 2025
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[–] sudo@programming.dev 25 points 3 days ago (3 children)

Any word yet if this is private equity stripping the copper or are they just morons?

[–] kersploosh@sh.itjust.works 11 points 2 days ago (3 children)

It's a publicly traded company, so no, this isn't private equity bleeding a corpse. They seem to be trying to modernize and broaden their appeal to get out of an extended post-covid slump. Per Wikipedia:

In May 2024, Cracker Barrel revealed that 16% of their customer base had not returned since 2020.

[–] TheTechnician27@lemmy.world 12 points 2 days ago

Say what you will, but those 84 people stayed because there's no better place for microwaved insults to Southern cuisine this side of the Walmart frozen dinners aisle.

[–] bitchkat@lemmy.world 6 points 2 days ago

I ate there once and the food was terrible. They should work on that.

[–] WraithGear@lemmy.world 2 points 2 days ago

because a disproportionate amount of their clientele don’t believe in vaccines, and fought against wearing wasks… wonder where that percentage went?

[–] mkwt@lemmy.world 8 points 3 days ago

Given it's private equity, my guess would be both.

[–] CoffeeJunkie@lemmy.cafe 2 points 2 days ago

Two things can be true at once. Who knows?

IIRC BlackRock owns 16% shares of Cracker Barrel, and "stripping the copper" seems to be their go-to strategy. 😬