Cracker Barrel is shelving plans to remodel its restaurants as it continues to backtrack on overhauling its brand image.

The move comes after the chain already around a refreshed brand symbol that to lose as much as $200 million in market value.

"Your Old Country Store is Here to Stay," the company said in a on its website Tuesday, adding that it would no longer seek to modernize the restaurant's interiors.

"Today, we're suspending our remodels. If your restaurant hasn't been remodeled, you don't need to worry, it won't be," Cracker Barrel said. The decision to halt remodeling plans was based on opinions customers shared "not just on our logo, but also on our restaurants," it added.

Cracker Barrel conceded in its statement that its planned store redesign did "not reflect what you

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