Cracker Barrel 2011 Annual Report Download - page 12

Forward-Looking Statements – Risk Factors
10
Except for specific 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 expenditures,
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 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,” “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 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 Estimates” on pages 22 to 26 of this
Annual Report or, from time to time, in the Company’s filings
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 reflect events or circumstances
occurring aer the date of this document or to reflect 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 filed
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 2011 Annual Report on Form 10-K, filed
with the SEC on September 27, 2011 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 filings.
Risks Related to Our Business
rGeneral economic, business and societal conditions as
well as those specific to the restaurant or retail industries
that are largely out of our control may adversely affect
our business, financial condition and results of operations.
rWe 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.
re price and availability of food, ingredients, merchandise
and utilities used by our stores could adversely affect our
revenues and results of operations.
rWe are dependent on aracting and retaining qualified
employees while also controlling labor costs.
rOur risks are heightened because of our single retail
distribution facility; in addition, our reliance on certain
significant vendors, particularly for foreign-sourced
retail products, subjects us to numerous risks, including
possible interruptions in supply, which could adversely
affect our business.
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