business

Max Knoblauch3/6/25

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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Max Knoblauch14h

“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabia’s Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

Exclusive | Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private

Exclusive | Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

Max Knoblauch15h

Uber’s relying less on pad thai from 0.8 miles away. The company expects gross bookings (what customers spend) of non-restaurant deliveries to grow to $12.5 billion by the end of the year, according to reporting by Bloomberg.

The new forecast marks a 25% boost from the $10 billion estimate Uber shared in May for the delivery of groceries and items from retail partners like Best Buy.

Through the first half of the year, Uber’s total delivery gross bookings climbed to more than $42 billion, up about 18% year over year. That nearly matches the gross bookings of its ride-hailing business in the same period.

J. Edward Moreno

Why pharma stocks aren’t getting hit by new tariff threats

Most European drugmakers have announced some sort of investment in the US since Trump’s tariff threats began earlier this year. And some seem to have imported plenty of product to get ahead of tariffs anyway.

Pharmaceutical Company Eli Lilly Headquarters

TikTok US is worth only $14 billion, according to the Trump-backed deal

Charting how that stacks up against the rest of the social media landscape suggests Oracle, Silver Lake, and MGX got a pretty sweet deal.

Trump TikTok

NikeSKIMS

Nike, trying to break out of its funk, launches its high-stakes collab with Kim Kardashian’s Skims

The partnership champions women athletes and tests how far Kim K’s star power can stretch in the women’s activewear arena.

Nia Warfield20h

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