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Money Talk

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Market Movers: Cracker Barrel Gains as Calix Slumps

A mixed session in after-hours trading saw Cracker Barrel climb nearly 5% following a strategic divestiture, while Calix shares tumbled 13% after the networking company warned that rising memory costs are poised to compress its profit margins throughout the current fiscal quarter.

Market Movers: Cracker Barrel Gains as Calix Slumps

Cracker Barrel’s upward momentum followed the company’s decision to offload its Maple Street Biscuit Co. business and finalize a sale-leaseback agreement, moves that prompted leadership to raise its financial guidance. Investors responded favorably to the restructuring, pushing the stock to $56.00.

In contrast, Calix struggled to maintain its footing as management signaled caution regarding near-term profitability. The resulting sell-off dragged the share price down to $33.55. Meanwhile, Park Aerospace bucked the volatility, reporting a strong start to the fiscal year with both revenue and profit trending upward. The company’s performance bolstered investor confidence, driving its stock price to $35.42 by the close of the extended session.

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