Death of American staple as CEO tanks his own company's stock

An iconic American eatery's stock has plummeted in recent week after the company's CEO said the restaurant is no longer 'relevant'.

Cracker Barrel, the Southern country-themed restaurants with 662 locations across the nation, has been diminishing in popularity over the past decade - with its loyal clientele of elderly people failing to return after the pandemic.

The business tanked even more when its chief executive Julie Felss Masino told investors, 'We're just not as relevant as we once were.'

Load More