Author Bio
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of
Cracker Barrel Old Country Store (NASDAQ:CBRL) dropped 11.2% in 2020, according to data provided by S&P Global Market Intelligence, as restaurants across the country dealt with the pandemic.
It s amazing the performance wasn t worse, and as we begin 2021 there seems to be a light at the end of the tunnel for restaurant stocks.
Image source: Getty Images.
So what
You can see below how swift the pandemic hit Cracker Barrel s financial performance. Restaurants were shut down across the country in the second quarter, and it took months for them to start getting some of that revenue back.
The First COVID Dining Room Lockdown
In early March, the seriousness of the looming pandemic became more obvious as COVID cases, hospitalizations and deaths began to mount. Some restaurants began closing to protect their employees and customers even before it was mandated, but on March 17, Governor Jared Polis ordered every bar and restaurant in Colorado to suspend in-house dining, with only takeout and delivery sales allowed. That model continued until May 26, when businesses were allowed to reopen at 50 percent capacity.
Tavernetta has been packaging a rainbow of cocktail choices for takeout customer for most of 2020.
Tavernetta
Liquor To Go In a pandemic-inspired move that may stick around long after we ve dropped our masks, in March Governor Polis issued an executive order allowing takeout and delivery of alcoholic beverages
Senior VP had led Cracker Barrel team since ’13
Janella Escobar
Wilson Bank & Trust leaders have hired the former head of corporate communications at Cracker Barrel Old Country Store to lead their marketing and communications work.
Janella Escobar has joined Wilson Bank & Trust as a senior vice president and will help develop and roll out marketing and communications strategies while overseeing the positioning of the $3.3 billion community bank’s brand.
“We are excited about the leadership, insight and opportunities Janella brings to the bank in marketing and corporate communications,” CEO John McDearman said in a statement. “We look forward to making great strides with our brand under Janella’s watch.”
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PRESIDENTIAL:
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2. Joe Biden won the popular vote by 7.1 million (4.5 percentage points), but Donald Trump came within 42,918 votes (Biden s combined margin of victory in Arizona, Georgia and Wisconsin) of a 269-269 tie in the Electoral College, which would likely have been resolved in Trump s favor in the House. Trump came within 65,009 votes of winning 270 Electoral votes outright, when including Biden s win in Nebraska s 2nd District.