(Nasdaq: CBRL) shares warm welcomes and friendly service while offering guests high-quality homestyle food and unique shopping - all at a fair price.
The Company anticipates that the impact of the acquisition, excluding any acquisition and integration expenses, will be approximately neutral to earnings per diluted share in fiscal 2020.Ĭracker Barrel Old Country Store, Inc.
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I'm excited about this opportunity, and I believe Cracker Barrel will help us grow our brand and further achieve our mission of helping people, serving others, and being a part of the community." Our brands share many similarities such as scratch cooking and an emphasis on hospitality. Maple Street Biscuit Company founder and CEO Scott Moore said, "From the beginning, Maple Street Biscuit Company has focused on serving its communities through comfort food with a modern twist and gracious service. I look forward to working with Scott and his team as we further grow this brand together," said Sandy Cochran. The acquisition accelerates our penetration in this segment and provides growth for delivering shareholder value. It is a proven brand with attractive unit economics and strong growth potential, and it is positioned to become a leader in this category. We have long admired Maple Street Biscuit Company with its emphasis on made-from-scratch food and hospitality. "The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. Cochran, President and CEO of Cracker Barrel. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. (" Cracker Barrel" or the "Company") (Nasdaq: CBRL) announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. 11, 2019 /PRNewswire/ - Cracker Barrel Old Country Store, Inc. More: 85-cent Blizzards available for limited time at Dairy Queen.LEBANON, Tenn., Oct. If you still want a taste of Maple Street Biscuit Company, you can head to Northern Kentucky where the company opened a franchise on Monday in Florence at 6785 Houston Rd., Suite 400.
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Some of their popular items were "The Squawking Goat," and "The Five and Dime." But they also had Louisville-only dishes like shrimp and grits, corn beef brisket hash, and a "Sunup Mac" mac and cheese topped with fried potatoes, chopped veggies and an over-easy egg. Maple Street Biscuit Company is a Florida-based franchise and was acquired by Cracker Barrel in 2019 in an all-cash transaction of $36 million. "It’s been an incredible 3 years, and we look for to a return to Louisville in the future," Ouart said. The location opened in January 2021 and for three years served fresh-made biscuits with all-natural chicken, topped with sausage or shiitake mushroom gravies and house-made jams and jellies. More: 'The Walking Dead' star to open Southern food restaurant in Louisville. "While we are heartbroken to no longer be of service to the Highlands community, we’re excited to continue seeing Maple Street grow to serve new guests across Kentucky," Ouart said. Jay Ouart, vice president of marketing and product strategy, said the company is focused on growing its brand in other communities in the state, and keeping the Highlands store open was not part of the plan.
closed on March 23, a spokesperson for the company confirmed. Maple Street Biscuit Company at 1004 Bardstown Rd.
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