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Risk Factors Update Summary
- The World Health Organization declared an end to the COVID-19 global health emergency, but risks remain. The imposition of restrictions may materially affect our business and financial condition.
- The minimum hourly wage in New York increased from $15.00 to $16.00, with annual increases planned. This change may significantly raise our labor costs.
- Climate change could adversely affect our operations and financial condition, impacting agricultural productivity and commodity pricing. This may lead to increased costs and supply chain disruptions.
- The market price of our common stock may be highly volatile, influenced by various external factors. This volatility could result in significant investment losses for shareholders.
- The National Labor Relations Board's amended regulation on joint employment could impact our franchise operations. A federal court recently struck down this regulation, leaving uncertainty in its wake.
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=69733&owner=exclude
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