Risk Factors Update Summary
- Fuel sales decreased from 81% to 79% of total revenues and from 48% to 46% of combined fuel, merchandise, and... This shift may indicate a change in consumer behavior impacting revenue streams.
- Labor costs increased due to an additional 1,000 store employees, now totaling 12,000, with high turnover rates.
- Debt with variable interest rates rose from 38% to 46%, potentially leading to higher debt service requirements.
- Ownership concentration increased from 58% to 71%, giving a limited number of stockholders significant control.
- Sales of common stock decreased from approximately 120.1 million to 116.2 million outstanding shares.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1823794&owner=exclude
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