Cracker Barrel 2013 Annual Report Download - page 12
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Please find page 12 of the 2013 Cracker Barrel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Forward-Looking Statements – Risk Factors
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Except for specic historical information, many of the maers
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 dier 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
identied by the use of forward-looking terminology such as
“trends,” “assumptions,” “target,” “guidance,” “outlook,”
“opportunity,” “future,” “plans,” “goals,” “objectives,” “expecta-
tions,” “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 assump-
tions underlying any forward-looking statements are
reasonable; however, any of the assumptions could be
inaccurate, and therefore, actual results may dier materially
from those projected in or implied by the forward-looking
statements. Factors and risks that may result in actual results
diering 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 24 to 27 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 reect events or circumstances
occurring aer the date of this document or to reect 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 2013 Annual Report on Form 10-K, led
with the SEC on September 26, 2013 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 specic to the restaurant or retail industries
that are largely out of our control may adversely aect
our business, nancial condition and results of operations.
• We face intense competition, and if we are unable
to continue to compete eectively, our business, nancial
condition and results of operations would be adversely
aected.
• e price and availability of food, ingredients, retail
merchandise and utilities used by our stores could adversely
aect our revenues and results of operations.
• We are dependent upon aracting and retaining qualied
employees while also controlling labor costs.
• Our risks are heightened because of our single retail
distribution facility and our potential liability or failure to
execute on a comprehensive business continuity plan
following a major national disaster at or near our corporate
facility could adversely aect our business.