After a controversy-filled year, Cracker Barrel Old Country Store is getting a significant stock market boost on Wednesday following a positive earnings report for its 2026 fiscal third quarter.
Shares in the restaurant chain shot up on Tuesday after Julie Felss Masino unveiled a more profitable outlook and said diners were returning.
Visits to Cracker Barrel stores had taken a hit right after the company drew criticism from conservatives, including President Trump, for its decision to change its decades-old logo of "Uncle Herschel."
Cracker Barrel's stock is soaring on signs of progress in its turnaround efforts.
Cracker Barrel Old Country Store CBRL shares surged on Wednesday after the restaurant chain reported better-than-expected fiscal third-quarter results and raised its full-year outlook. The strong report prompted analysts to increase price targets and helped fuel a sharp short squeeze in the stock.
Cracker Barrel stock jumped on Tuesday after overperforming earnings. Short sellers rushed to cover their position.
Cracker Barrel reports an unexpected profit in its fiscal third quarter.
