Cracker Barrel CEO Stepping Down -- Update
Dow Jones2026/07/27 13:47By Connor Hart
Embattled Cracker Barrel Chief Executive Julie Masino is stepping down, the company said.
The move ends a roughly three-year tenure in which the restaurant chain was embroiled in a culture war when President Trump and many consumers criticized her efforts to modernize the eatery and its stores.
Masino will be succeeded Aug. 10 by David Deno, the former chief executive of Outback Steakhouse owner Bloomin' Brands. Deno has 40 years of experience in retail and restaurants, including leadership positions at Best Buy and Yum Brands.
Deno will also join the board of directors. Masino will stay on in an advisory role until Oct. 9 to support a smooth transition, the company said.
"Cracker Barrel is a truly iconic American brand, defined by its unique combination of warm country hospitality, timeless appeal, and deep connection with guests across generations," Deno said in a statement.
Masino was targeted by activist efforts after the chain changed its folksy logo change and began remodeling restaurants, setting off a firestorm of criticism on social media last summer. Shareholders voted to retain her in November.
Shares in Cracker Barrel plunged amid the controversy, losing more than half its value, though the stock has recently started to recover. This summer, when the company reported improved earnings and a brighter outlook for the rest of 2026, shares shot up 35%.
Activist investor Sardar Biglari had vowed to remove Masino through a proxy battle. Masino responded by casting aside her original plans and focusing back on the brand's core customers. She halted the restaurants' remodeling plans and added back fan favorites that had been taken off the menu.
Cracker Barrel told investors after second-quarter earnings that the family-dining chain was recovering from huge losses in sales, profit and the number of guests coming through its doors.
Updates to follow as news develops.
Write to Connor Hart at Connor.Hart@wsj.com
(END) Dow Jones Newswires
July 27, 2026 09:47 ET (13:47 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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