Description of the Business

12 Months Ended

Aug. 03, 2012

1.	Description of the Business

Cracker Barrel Old Country Store, Inc. and its affiliates (collectively, in the Notes, the "Company") are principally engaged in the operation and development in the United States of the Cracker Barrel Old Country Store® ("Cracker Barrel") concept.

On December 20, 2011, the Company's shareholders approved an agreement and plan of merger (the "merger agreement") effecting an internal restructuring of the Company through the merger of Cracker Barrel Old Country Store, Inc. ("Holdco") with and into CBOCS, Inc., a wholly-owned subsidiary of Holdco, effective as of December 23, 2011. At the effective time of the merger, the name of CBOCS, Inc., the surviving corporation in the merger, was changed to Cracker Barrel Old Country Store, Inc. Pursuant to the merger agreement, the outstanding shares of Holdco's common stock, par value $0.01 per share, were converted into an equivalent number of shares of the surviving corporation's common stock and were owned directly by the Company's shareholders in the same proportion as their ownership of Holdco immediately prior to the merger. The Company's common stock continues to be listed on The NASDAQ Global Select Market under the same ticker symbol, "CBRL." The merger did not result in any material changes in the business, offices, assets, liabilities, obligations, net worth, directors, officers or employees of Holdco.