Risk Factors Update Summary
- Stock price fluctuations: High increased from $83 to $90, low decreased from $50 to $19.
- Lack of online shopping option and omnichannel experience may hinder customer growth and retention.
- Opening new stores in new markets may present challenges due to different competitive conditions and customer preferences.
- Share repurchase program extended to March 31, 2026 from December 2023.
- Comparable store sales and operations fluctuated in the past and may do so again. This could impact financial performance.
- Labor shortages and turnover rates may lead to increased costs and impact operational efficiency.
- ESG focus intensifying, with increased investor emphasis on ESG disclosures and actions.
- Facing challenges in hiring and retaining personnel for stores and distribution centers could impact operations.
- Increased competition from online retailers due to lack of online presence may reduce customer desire.
- Legal and regulatory risks, including penalties for noncompliance, could have a material adverse effect.
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=1639300&owner=exclude
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