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Cracker Barrel sells Maple Street Biscuit Co.

Cracker Barrel is divesting Maple Street Biscuit Co. as part of a series of strategic actions and a sale-leaseback deal.

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11articles
9velocity
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The brief

Cracker Barrel has announced the sale of its subsidiary, Maple Street Biscuit Co. The locations are being acquired by Biscuit Belly, which intends to convert the stores into Biscuit Belly shops as part of an expansion into the Southeast.

Coverage from the Wall Street Journal, Yahoo Finance, and News4JAX emphasizes that Cracker Barrel has raised its guidance following the divestiture and a sale-leaseback deal. The Business Journals reports that 34 locations were involved in the acquisition.

Future developments center on the conversion of the 34 sites to the Biscuit Belly brand and the implementation of the strategic actions announced by Cracker Barrel.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 2h ago.

Quick answers

Who acquired Maple Street Biscuit Co.?

The locations were acquired by Biscuit Belly.

How many locations were involved in the sale?

Biscuit Belly acquired 34 locations.

What was the financial impact on Cracker Barrel?

According to the Wall Street Journal, Cracker Barrel raised its guidance following the divestiture and a sale-leaseback deal.

Coverage (11)

Topics

Cracker Barrel Maple Street Biscuit Co Biscuit Belly Divestiture Southeast

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