Risk Factors Update Summary
- Sales to the five largest customers decreased from 16.3% of revenue in 2020 to 15.0% in 2021.
- $2.177 billion of indebtedness, with $100 million due in 2023 and €525 million ($566 million) due in 2024.
- Transitioning licensed businesses in-house, including Calvin Klein and TOMMY HILFIGER, starting in 2023.
- Plans to bring in-house most of the Calvin Klein and TOMMY HILFIGER product categories by 2027.
- Increased focus on cybersecurity measures, including phishing tests, exercises, and penetration tests.
- Digital commerce revenue now represents approximately 20% of total revenue during 2023.
- $2.359 billion of goodwill and $3.097 billion of other intangible assets on the balance sheet.
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=78239&owner=exclude
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