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 change might result in a shift in revenue streams impacting financial performance.
- Labor costs increased due to an additional 1,000 store employees, now totaling 12,000. This may impact operational expenses significantly.
- Debt with variable interest rates increased from 38% to 46%. This could lead to substantially higher debt service requirements.
- Common stock ownership by management and stockholders rose from 58% to 71%. This may affect decision-making and governance.
- Inside point-of-sale machines were upgraded to be EMV-compliant. Fuel dispensers are being upgraded, with 75% completed by 2023.
- Sales of shares decreased from approximately 120.1 million to 116,171,208. This change may impact stock price dynamics.
- The number of store employees increased by 1,000 to 12,000, impacting labor costs and operations.
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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