Risk Factors Update Summary
- The company experienced delays in shipments due to attacks, adding 7-10 days of transit time, costing $6.0-$7.0 million.
- Fabric costs increased significantly in 2023, with moderation expected, impacting expenses and profitability.
- The company's largest wholesale customer accounted for approximately 10.4% of consolidated net sales in fiscal 2023.
- The company recorded an intangible asset impairment charge of $9.0 million on the Skip Hop tradename asset.
- The company had $500 million aggregate principal amount of debt outstanding at the end of fiscal 2023.
- The company may experience fluctuations in tax obligations and effective tax rate, impacting financial flexibility.
- Quarterly cash dividends and share repurchases may affect the price volatility of the company's common stock.
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=1060822&owner=exclude
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