Risk Factors Update Summary
- Increased competition from independent or local companies, supermarkets, and QSRs. This change might result in a decline in market share and profitability.
- Labor shortages and increased turnover have impacted franchisees, leading to operational changes. This change might result in decreased operational efficiency.
- Failure to add new stores could lead to impairment charges and loss of investment value. This change might result in financial losses and hinder growth opportunities.
- Entry into third-party order aggregator marketplace introduces additional risks and uncertainties. This change might result in lower profitability and operational challenges.
- Increased costs due to inflationary environment impacting food and labor costs. This change might result in reduced profit margins.
- Changes in interest rates and debt structure could impact interest expenses. This change might result in increased financial costs.
- Legal changes regarding joint employer standards and labor laws could lead to potential liabilities. This change might result in legal disputes and financial penalties.
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=1286681&owner=exclude
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