Cracker Barrel 2014 Annual Report Download - page 12

Forward-Looking Statements – Risk Factors
10
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 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 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,” “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 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 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 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 2014 Annual Report on Form 10-K, led with
the SEC on September 25, 2014 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 business, nancial condition and 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, retail
merchandise and utilities used by our stores could adversely
aect our revenues and results of operations.
• Our plans depend signicantly on our strategic priorities
and business initiatives designed to enhance our menu and
retail oerings, support our brand, improve operating
margins and improve the eciencies and eectiveness of
our operations. Failure to achieve or sustain these plans
could adversely aect our results of operations.
• We are dependent upon aracting and retaining qualied
employees while also controlling labor costs.