Cracker Barrel 2010 Annual Report Download - page 20

Forward-Looking Statements – Risk Factors
18
Except for specic historical information, many of the maers
discussed in this Annual Report to Shareholders may express
or imply projections of items such as revenues or expendi-
tures, estimated capital expenditures, compliance with debt
covenants, plans and objectives for future operations,
inventory shrinkage, growth or initiatives, expected future
economic performance or the expected outcome or impact of
pending or threatened litigation. ese and similar statements
regarding events or results that Cracker Barrel Old Country
Store, Inc. (the “Company”) expects will or may occur in the
future, are forward-looking statements that, by their nature,
involve risks, uncertainties and other factors which may cause
our actual results and performance to dier 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 identied by the use of forward-
looking terminology such as “trends,” “assumptions,” “target,”
“guidance,” “outlook,” “opportunity,” “future,” “plans,”
“goals,” “objectives,” “expectations,” “near-term,” “long-term,”
“projection,” “may,” “will,” “would,” “could,” “expect,” “intend,”
“estimate,” “anticipate,” “believe,” “potential,” “regular,” “should,”
“projects,” “forecasts” or “continue” (or the negative or other
derivatives of each of these terms) or similar terminology.
We believe the assumptions underlying any forward-looking
statements are reasonable; however, any of the assumptions
could be inaccurate, and therefore, actual results may dier
materially from those projected in or implied by the forward-
looking statements. Factors and risks that may result in actual
results diering 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 Estimates” on pages 30 to 34 of this Annual Report
or, from time to time, in the Company’s lings with the
Securities and Exchange Commission (“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. Except as
may be required by law, the Company has no obligation, and
does not intend, to publicly update or revise any of these
forward-looking statements to reect events or circumstances
occurring aer the date of this document or to reect the
occurrence of unanticipated events. Readers are advised,
however, to consult any future public disclosures that the
Company may make on related subjects in its documents led
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 2010 Annual Report on Form 10-K, led
with the SEC on September 28, 2010 and available at sec.gov,
as well as our website, crackerbarrel.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 lings.
Risks Related to Our Business
• General economic, business and societal conditions as
well as those specic to the restaurant or retail industries
that are largely out of our control may adversely aect
our results of operations.
• We face intense competition, and if we are unable to
continue to compete eectively, our business, nancial
condition and results of operations would be adversely
aected.
• e price and availability of food, ingredients, merchandise
and utilities used by our restaurants or merchandise sold
in our retail shop could adversely aect our revenues and
results of operations.
• We are dependent on aracting and retaining qualied
employees while also controlling labor costs.