Risk Factors Update Summary
- Geographic concentration of U.S. distribution facilities increased to 59% from 56% in fiscal 2024.
- Sales to top five customers increased to 47% from 43% of consolidated net sales revenue in fiscal 2024.
- Finished goods from Asia decreased to 79% from 87% of total finished goods purchased in fiscal 2024.
- Chinese Renminbi weakened by 5% against the U.S. dollar in fiscal 2024.
- Benchmark interest rate increased by 75 basis points in fiscal 2024 and by 450 basis points in fiscal 2023.
- Potential adverse impact on costs due to disruptions in global supply chain and freight networks.
- Increased costs of raw materials, energy, and transportation may adversely affect operating results and cash flow.
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.
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