Business
business
Max Knoblauch

Cracker Barrel jumps more than 20% after a sales beat and despite egg prices

How many little peg games can $190 million buy? That’s how much Cracker Barrel added to its market cap Thursday morning after investors cheered its strong earnings report.

Shares of the breakfast-meets-rocking-chairs-meets-graphic-tees chain surged more than 20% in early morning trading. Driving positivity: cat shirts that say “hang in there” and boosted annual guidance.

Cracker Barrel said it now expects total 2025 revenue of between $3.45 billion and $3.5 billion, reflecting a $50 million bump to the lower end of its estimate.

The company is taking a different approach to bird-flu-related eggflation that’s led competitors like Waffle House to add surcharges to egg dishes — it’s giving members of its “Peg Rewards” program extra points for purchasing eggs.

Cracker Barrel posted revenue of $949 million, beating estimates by about $7 million. Comparable-store restaurant sales jumped 4.7% from Q2 last year, and comparable-store retail sales (the kitschy store in the front of the restaurant) ticked up 0.2%, snapping a seven-quarter losing streak.

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business
Max Knoblauch

Netflix is hiking its prices again

Netflix is raising its subscription prices for the fourth time in four years, a move first spotted by Android Authority.

Per Netflix’s US pricing page, the cost of an ad-supported plan is climbing $1 to $8.99 per month, while the cost of a standard ad-free plan is going up $2 to $19.99 per month. The premium tier has also risen $2 to $26.99 per month.

The streamer last raised its subscription costs more than a year ago in January 2025. It also hiked prices in 2023, 2022, 2020, and 2019. Netflix shares climbed about 2% on the news.

“Our approach remains the same: we continue offering a range of prices and plans to meet a variety of needs, and as we deliver more value to our members we are updating our prices to enable us to reinvest in quality entertainment and improve their experience by updating our prices,” said a Netflix spokesperson, in a statement to Sherwood News.

Netflix is hiking your prices yet again: Standard, premium, and ad-supported all going up

Netflix is hiking your prices yet again: Standard, premium, and ad-supported all going up

The streamer last raised its subscription costs more than a year ago in January 2025. It also hiked prices in 2023, 2022, 2020, and 2019. Netflix shares climbed about 2% on the news.

“Our approach remains the same: we continue offering a range of prices and plans to meet a variety of needs, and as we deliver more value to our members we are updating our prices to enable us to reinvest in quality entertainment and improve their experience by updating our prices,” said a Netflix spokesperson, in a statement to Sherwood News.

Hyunsoo Rim
going clear
18h
How record wait times at US airports are sending one app soaring

Demand for Clear Secure services are surging as travelers look to bypass TSA lines.

Group of people standing in queue at boarding gate
Claire Yubin Oh
direction-to-consumer
3/25/26
Apple says it’s bringing ads to its Maps app this summer

That could be another boon for its fast-growing, high-margin Services division.

Daily Life In Melbourne
Target Opens "Target SoHo" - A Design-Forward Shoppable Concept Store In SoHo, New York

As Target alters its dress code, it also wants staff to buy more of its clothes

The retailer’s apparel and accessories sales hit their lowest point since the pandemic last year.

Tom Jones3/25/26
business
Max Knoblauch

Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in

Less than two weeks after Honda said it would take an up to $15.7 billion write-down as it restructures its EV business, the automaker is scrapping an electric vehicle made in a joint venture with Sony.

The Afeela 1, a $90,000 EV with PlayStation 5 integration, was set to begin deliveries later this year.

A nearly six-figure EV that you could play “The Last of Us” in doesn’t exactly sound like a bestseller in the current electric vehicle landscape, but the announcement is still surprising given how far along the joint venture was. The JV had a ribbon-cutting ceremony to mark the grand opening of its delivery hub in California on March 21. At the Consumer Electronics Show in January, the JV teased a crossover SUV prototype as a second model.

In Honda’s EV write-down announcement earlier this month, the automaker canceled three models planned for production in the US.

Sony-Honda JV Abruptly Scraps Afeela EVs After Honda's $15.7 Billion Writedown | EV

Sony-Honda JV Abruptly Scraps Afeela EVs After Honda's $15.7 Billion Writedown | EV

A nearly six-figure EV that you could play “The Last of Us” in doesn’t exactly sound like a bestseller in the current electric vehicle landscape, but the announcement is still surprising given how far along the joint venture was. The JV had a ribbon-cutting ceremony to mark the grand opening of its delivery hub in California on March 21. At the Consumer Electronics Show in January, the JV teased a crossover SUV prototype as a second model.

In Honda’s EV write-down announcement earlier this month, the automaker canceled three models planned for production in the US.

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