Cracker Barrel 2006 Annual Report Download - page 30

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Except for specific historical information, many of the
matters discussed in this Annual Report to Shareholders
may express or imply projections of revenues or
expenditures, plans and objectives for future operations,
growth or initiatives, expected future economic
performance, or the expected outcome or impact of
pending or threatened litigation. These and similar
statements regarding events or results which CBRL
Group, Inc. (the “Company”) expects will or may occur
in the future, are forward-looking statements that
involve risks, uncertainties and other factors which may
cause actual results and performance of the Company
to differ materially from those expressed or implied by
those statements. All forward-looking information is
provided pursuant to the safe harbor established under
the Private Securities Litigation Reform Act of 1995
and should be evaluated in the context of these risks,
uncertainties and other factors. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as “trends,”
“assumptions,” “target,” “guidance,” “outlook,” “plans,”
“goals,” “objectives,” “expectations,” “near-term,”
“long-term,” “projection,” “may,” “will,” “would,” “could,”
“expect,” “intend,” “estimate,” “anticipate,” “believe,”
“potential,” “regular,” or “continue” (or the negative
or other derivatives of each of these terms) or similar
terminology. The Company believes the assumptions
underlying these forward-looking statements are
reasonable; however, any of the assumptions could be
inaccurate, and therefore, actual results may differ
materially from those projected in or implied by the
forward-looking statements. Factors and risks that
may result in actual results differing from this forward-
looking information include, but are not limited
to, those summarized below, as well as other factors
discussed throughout this document, including,
without limitation, the factors described under “Critical
Accounting Policies and Estimates” on pages 41 to
44 of this Annual Report or, from time to time, in the
Company’s filings with the SEC, press releases and
other communications.
Readers are cautioned not to place undue reliance
on forward-looking statements made in this document,
since the statements speak only as of the document’s
date. The Company has no obligation, and does
not intend, to publicly update or revise any of these
forward-looking statements to reflect events or
circumstances occurring after the date of this document
or to reflect the occurrence of unanticipated events.
Readers are advised, however, to consult any further
disclosures the Company may make on related
subjects in its documents filed with or furnished to
the SEC or in its other public disclosures.
Set forth below is a summary of the material risks
associated with our business and, therefore, any
investment in our securities. Our 2006 Annual Report
on Form 10-K, filed with the SEC on October 3,
2006 and available at sec.gov, as well as our website,
cbrlgroup.com, contains a more comprehensive
discussion of these risks, and you are encouraged to
review that Annual Report on Form 10-K and all our
SEC filings.
RISKS RELATED TO OUR BUSINESS
•
Successful divestitures and other strategic transac-
tions are important to our future growth and
profitability. These involve risks of, among other
things, assessing the value of these transactions,
achieving projected plans and completing transac-
tions on acceptable terms.
•
Our credit facility places financial and other
restrictions on us.
•
Certain economic and business factors specific to the
restaurant or retail industries and certain general
economic factors that are largely out of our control
may adversely affect our results of operations.
•
Our business is affected by changes in consumer
preferences and discretionary spending.
•
Our business is seasonal.
•
We face intense competition, and if we are unable
to continue to compete effectively, our business,
financial condition and results of operations would
be adversely affected.
•
Our plans depend significantly on initiatives
designed to improve the efficiencies, costs and
effectiveness of our operations, and failure to
achieve or sustain these plans could affect our
performance adversely.
•
We are dependent on attracting and retaining quali-
fied employees while also controlling labor costs.
CBRL GROUP, INC.
Forward-Looking Statements – Risk Factors