Cracker Barrel Sells Maple Street Biscuit Company Assets
Cracker Barrel has sold assets related to its fast-casual breakfast brand, Maple Street Biscuit Company, to emerging chain Biscuit Belly. The company will close the remaining 16 locations and expects non-cash charges of $37 million to $39 million in Q4 along with additional cash costs for severance and lease terminations.
Tickers: $CBRL
Topics: Divestitures M&A Restaurant Industry