Risk Factors Update Summary
- Added fast casual restaurants as competition, impacting reputation and customer data ownership.
- Lease payments are significant expenses, affecting profitability and future shop locations.
- Enhanced data privacy risks and compliance costs due to expanded technology use.
- Increased bread purchases from 90% to 80%, impacting supply chain and costs.
- Added potential disruptions from adverse local conditions, affecting operations and supply chain.
- Reduced time for new shops to reach planned operating levels from 13 to 12 weeks.
- Increased revolving facility aggregate commitment from $25 million to $30 million.
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=1195734&owner=exclude
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