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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Flying taxi Midnight on display at GITEX Global

Archer Aviation strikes deal to supply electric propulsion system to Anduril, bolstering its path to revenue

Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

Max Knoblauch11/17/25

US CEO departures are at their highest level in decades

Walmart’s Doug McMillon is the latest to step down, as CEO turnover rises across Corporate America.

Kreide Tafel - Exit

business

Max Knoblauch11/17/25

Ford partners with Amazon to sell its used vehicles online

Beginning today, many Amazon shoppers can add a pre-owned Ford to cart.

The partnership, announced by the two companies on Monday, will begin in Los Angeles, Dallas, and Seattle, with plans to expand.

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

You can now buy pre-owned Ford vehicles on Amazon

You can now buy pre-owned Ford vehicles on Amazon

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

Claire Yubin Oh

The cruise industry is booming thanks to younger consumers looking to “seacation”

Operators are still managing to lure Gen Z and millennials with shorter, cheaper, and more action-packed trips.

Ocean liner cartoon

business

Rani Molla11/14/25

Walmart falls after CEO of more than a decade steps down

Walmart’s stock fell as low as 3% this morning in premarket trading on news that its longtime CEO, Doug McMillon, who helped the company beef up its e-commerce segment against Amazon, will be stepping down.

While Walmart’s sales came in above expectations last quarter, it missed on quarterly earnings. It’s also facing an increasingly dominant Amazon, which is pushing further into Walmart’s territory with same-day grocery delivery in more than 1,000 cities and towns in the US, with plans to expand to 2,300 by the end of the year.

And unlike Walmart, Amazon, in addition to e-commerce and physical stores, has a number of other, much higher-income revenue streams — most notably its fast-growing cloud business, AWS. Earlier this year, Amazon nudged ahead of Walmart in overall revenue, and is expected to continue to build on that lead when Walmart reports Q3 earnings next week.

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