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Risk Factors Update Summary
- The ongoing war in Ukraine and conflicts in the Middle East have heightened operational risks. This change might result in increased costs and supply chain disruptions.
- We expect modestly elevated levels of inflation to continue into fiscal 2025, impacting costs. This change might result in increased expenses across various inputs.
- In fiscal 2024, we had a voluntary product withdrawal that negatively impacted financial results. This change might result in continued adverse effects on profitability in fiscal 2025.
- The shift towards hybrid or remote work arrangements has increased labor costs and availability challenges. This change might result in production delays and increased manufacturing costs.
- We experienced declines in sales volume due to a slowdown in restaurant traffic in fiscal 2024. This change might result in reduced revenue and market share.
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=1679273&owner=exclude
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