Risk Factors Update Summary
- Labor costs are expected to rise due to minimum wage increases, e.g., California's $20/hr.
- The number of franchised restaurants decreased from 40 to 38 globally. This may impact revenue.
- The NLRB's new joint employer standard may increase liabilities and affect business 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=1705012&owner=exclude
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