Cracker Barrel is gradually reinventing itself after admitting that it had fallen behind the competition.
Why it matters: CEO Julie Masino turned heads in May when she told investors, "We're just not as relevant as we once were."
The latest: The chain's comp restaurant sales rose 4.7% in its most recent quarter, compared with a year earlier, while adjusted EBITDA jumped 19.6%.
It was the third straight quarter of comp restaurant sales growth.
State of play: Cracker Barrel is overhauling worker processes and "evolving the way we interact with guests across all touch points" after completing an "audit" of the "guest journey," Masino said.
The brand has also introduced new menu items like Louisiana-style shrimp skillet and pancakes.
The impact: Cracker Barrel's stock jumped 7.6% today.
