Cracker Barrel's struggles continue into summer impacted by delta-related travel slowdown

Cracker Barrel Old Country Store Inc. reported slower-than-anticipated sales performance during the fourth quarter of 2021 ended July 30, with same-store sales down 6.8% compared to the same quarter in 2019. CEO Sandra Cochran points to a sluggish summer travel season impacted by the delta variant as a major proponent of these lagging quarterly results, as well as staffing challenges and customer preference for pricier special occasion dining over family dining occasions.