Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The restructuring program expanded to target $300 million annualized operating income benefits by 2025.
  • Sales of licensed products decreased from 46% to 44% of consolidated net sales.
  • The Transform and Grow initiative evolved to capture a broader transformation, aiming for $100 million benefits.
  • Anticipate closing approximately 55 stores globally, down from 60, impacting net sales.
  • Sales of watches decreased from 77.9% to 77.6% of consolidated net sales in 2022.
  • Net loss increased from $44.2 million to $157.1 million, impacting cash flow.
  • Increased risk due to economic uncertainty, inflation, and rising interest rates affecting capital markets.
  • Anti-takeover provisions may impact shareholders' ability to make decisions, potentially leading to disagreements.
  • Uncertainty regarding economic growth and high unemployment rates may affect company 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=883569&owner=exclude

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