Cracker Barrel Drops, GameStop Slides, PepsiCo Rises on Ratings Upgrade
On this episode of Stock Movers:
Cracker Barrel Old Country Store (CBRL) declines as it expects sales to fall faster than it previously forecast, showing the country-themed restaurant chain is still struggling following a backlash to its failed logo change earlier this year.
GameStop (GME) slides after the video-game retailer reported net sales for the third quarter that declined nearly 5% year-over-year.
PepsiCo (PEP) rises after JPMorgan upgrades to overweight, citing an “accelerated agenda of innovation and marketing spending fueled by strong productivity savings.”
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