Risk Factors Update Summary
- Elevated interest rates in 2023 impacted consumer spending, leading to retailer inventory management, affecting results.
- Inflation and increased interest rates in 2023 led to reduced consumer discretionary spending and impacted sales.
- Uncertainty in APAC, especially China, due to economic conditions, resulted in reduced demand and lower shipments.
- Ongoing supply chain disruptions and shipping delays impacted product costs, sales, and ability to meet demand.
- Changes in tax laws, including proposed OECD regulations, may increase tax uncertainty and affect financial provision.
- Failure to comply with anti-bribery laws could result in penalties, impacting business reputation and operations.
- Data security and privacy incidents pose risks, requiring efforts to prevent breaches and ensure compliance.
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=1760965&owner=exclude
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