Cracker Barrel 2011 Annual Report Download - page 30

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To the Board of Directors and Shareholders
of Cracker Barrel Old Country Store, Inc.
Lebanon, Tennessee
We have audited the accompanying consolidated balance
sheets of Cracker Barrel Old Country Store, Inc. and
subsidiaries (the “Company”) as of July 29, 2011 and July 30,
2010, and the related consolidated statements of income,
changes in shareholders’ equity, and cash flows for each of the
three fiscal years in the period ended July 29, 2011. ese
financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion
on these financial statements based on our audits.
We conducted our audits in accordance with the standards
of the Public Company Accounting Oversight Board
(United States). ose standards require that we plan and
perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstate-
ment. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting
principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, such consolidated financial statements
present fairly, in all material respects, the financial position
of Cracker Barrel Old Country Store, Inc. and subsidiaries
as of July 29, 2011 and July 30, 2010, and the results of their
operations and their cash flows for each of the three fiscal
years in the period ended July 29, 2011, in conformity with
accounting principles generally accepted in the United States
of America.
We have also audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United
States), the Company’s internal control over financial
reporting as of July 29, 2011, based on the criteria established
in Internal Control – Integrated Framework issued by the
Commiee of Sponsoring Organizations of the Treadway
Commission and our report dated September 27, 2011
expressed an unqualified opinion on the Company’s internal
control over financial reporting.
Nashville, Tennessee
September 27, 2011
28
Report Of Independent Registered Public Accounting Firm
CR A CKER BAR REL OLD COUNTRY STORE, INC.
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