XPost: talk.politics.misc, alt.business, alt.politics.usa
XPost: alt.elections

https://www.dailymail.co.uk/yourmoney/article-13453731/American-staple-restaurant-stock-plummet.html

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.'

While speaking on an investor call, Masino, who took over
the CEO position nine months ago, admitted, 'Some of our
recipes and processes haven't evolved in decades.'

. . .

Their food/experience is actually "OK" - better
than average for chains and the clients are hardly
just Old Folks. As such I suspect bad management
decisions and JoeFlation rather than an "obsolete
menu" - but they'll never admit it.

In any case, this is a rather LARGE chain, just
as with Red Lobster. And then - BOOM ! Lots of
JOBS - internal and support - will be impacted.

So who's next ??? McD and Wendy's are getting
super cheapo all of a sudden - indeed are
looking at No-Humans outlets, basically just AI
burger vending machines. Haven't heard much
about BK lately ... but their food hasn't
been especially good for decades. Looks like
Taco Bell and Chik and KFC are doing OK
however.

Hmm ... just bought a Cracker Barrel thing of
cheese from the supermarket. Should I have it
preserved in liquid nitrogen for 30 years so
my heirs can sell it on E-Bay for half a mil ? :-)

Before Cracker, "Stuckeys" ruled the interstate
exits. Their stuff was bad (and NEVER use one
of their rest rooms !) but it was kinda cheap
and, being at an exit, "convenient", so they
did OK for a long time. Somehow they blew it too.

JoeFlation has caused many downstream problems
for many kinds of biz. Supplies for said are
getting too expensive. Rent/leases are too
expensive. Wage laws undercut profitability.
Customers can't afford fuel to get there and
don't have enough spare $$$ anymore.
Home/microwave food seems to be the recourse.
The Net has gutted a LOT of old brick-n-mortar
ops, so retail options keep shrinking.

This does not seem good. "Options" were a huge
American/western perk. Now it's trending towards
commies standing in line all day for a packet
of govt cheese. There ARE political factions
that WANT this alas ... everyone 101% dependent
on The State just to live until tomorrow.

--- SoupGate-Win32 v1.05
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