Risk Factors Update Summary
- Changes in labor laws may affect operating costs, including minimum wage increases and regulations on union organizing. This could result in a 3% to 4% commodity inflation for 2024.
- Increased competition may impact the ability to provide high-quality guest service, affecting operations and financial results.
- Cybersecurity risks have increased due to evolving technologies, potentially leading to significant remediation costs.
- Supply chain risks due to dependence on a small number of suppliers for beef and pork, with potential disruptions impacting business.
- Failure to address ESG concerns could damage reputation and affect stakeholder relationships, impacting business operations.
- Tax law changes and uncertainties could adversely affect financial results, including valuation of deferred tax assets and liabilities.
- Failure to meet ESG goals may result in legal or regulatory consequences, impacting operations and financial performance.
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=1546417&owner=exclude
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