Cracker Barrel crash as rebrand backlash wipes out $100M in value under new CMO’s watch
HAMILTON TOWNSHIP, NJ – A marketing executive with a long history in the casino industry rolled the dice and gambled with a bold rebranding of a traditional American restaurant company and lost. Now, she’s defending her risky gamble that cost her company over $100,000,000 in a matter of days.
A sweeping rebrand of Cracker Barrel that included a redesigned logo and modernized store interiors triggered widespread public outrage this week—tanking the company’s stock and dragging the beloved Southern-themed chain into a culture war firestorm.
Newly appointed Chief Marketing Officer Sarah Moore, who officially joined the company on July 22, 2024, led the brand overhaul that was rolled out in August. The rebrand introduced a sleek, minimalist logo and progressive interior redesigns that replaced the rustic, Americana decor that Cracker Barrel had been known for since its founding in 1969.
The reaction was immediate. Social media exploded with criticism from both political sides. “WTF is wrong with @CrackerBarrel??!” posted Donald Trump Jr. on X. Even the official X account of the Democratic Party chimed in, writing, “We think the Cracker Barrel rebrand sucks too.”
The controversy hammered Cracker Barrel’s stock, sending shares plummeting 7.2% Thursday morning and wiping out roughly $100 million in market value. Shares made a slight rebound in pre-market trading on Friday but remained volatile amid investor unease.
Despite the backlash, Moore defended the decision in a statement to ADWEEK, stating that the redesign represents the brand’s “fifth evolution” and reflects its heritage while adapting to modern platforms.
“Cracker Barrel has been a destination for comfort and community for more than half a century, and this fifth evolution of the brand’s logo… is a call-back to the original,” Moore said, emphasizing that “the heart and soul of Cracker Barrel haven’t changed.”
Moore, a seasoned marketing executive with nearly 20 years of experience in hospitality, was brought on to help revitalize the brand. She previously served as Senior Vice President of Marketing at MGM Resorts International, overseeing global brand strategy for high-profile properties such as the Bellagio, ARIA, and MGM Grand
Moore holds a Bachelor of Science in Marketing from Roger Williams University. She is married to an entrepreneur and a U.S. Army Reserve Lieutenant Colonel who has served our country for over 20 years, and together they are raising two young daughters..
Her appointment was praised internally. Cracker Barrel CEO Julie Felss Masino said Moore’s “deep experience evolving brands” would help “drive our strategic transformation.” Moore described herself as a lifelong fan of the chain, citing childhood road trips and visits to family in Kentucky as part of her personal connection to the brand.
But longtime customers and shareholders alike have voiced frustration over what they see as a betrayal of Cracker Barrel’s identity. The shift from rocking chairs and antique decor to modern seating and subdued color schemes has left many feeling the company has abandoned its roots.
The incident marks one of the most dramatic brand reactions in recent corporate memory, as public sentiment, political commentary, and stock performance collided over what began as a marketing refresh.
The company has not indicated any plans to reverse the rebrand.
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Key Points
- Cracker Barrel lost over $100 million in market value after backlash to its new modern logo and interior design.
- The rebrand was led by new CMO Sarah Moore, who joined in July from MGM Resorts.
- Despite criticism, Cracker Barrel is defending the changes and standing by its transformation strategy.
Cracker Barrel’s new look just sparked an old-fashioned uproar—and the price tag is $100 million.