Risk Factors Update Summary
- Increased inventory purchases from Nike, now accounting for 73% of net sales, up from 69%.
- Inventory purchased from one vendor increased to 74% in 2024 from 70% in 2023.
- Expansion into communities served by competitors may negatively impact business and financial results.
- Skilled labor shortages and inflationary pressures may affect growth and operational efficiency.
- Changes in laws in Virginia, Colorado, Connecticut, and Utah could impact privacy and IT security.
- Utilization of alternate interest index BSBY instead of LIBOR may impact financial condition.
- Market price volatility may continue to affect common stock price regardless of operating 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=1017480&owner=exclude
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