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Cracker Barrel is switching CEOs, the chain said on Monday. David Deno will take over after Julie Masino spent nearly three years trying to improve results.

Cracker Barrel did not provide a reason for why Masino is leaving her post. The company's Monday statement says Masino will “step down” next month following a “comprehensive succession planning and se

The chain also completed a sale-leaseback deal involving 26 company-owned locations.

The restaurant chain sold 35 Maple Street locations and will close 16 others while raising $77 million through a property deal to help pay down debt.

Nebius (NBIS) surges after Nvidia (NVDA) discloses a 9.3% stake, including a $2B investment and strategic AI cloud partnership. Cracker Barrel (CBRL) expects to exceed revenue and adjusted EBITDA outl