Risk Factors Update Summary
- Failure to acknowledge or react to competition could affect brand growth. This might result in loss of market share and revenue.
- Increased investment in technology, data analytics, and sustainability by competitors. This could impact our market position.
- Freight costs increased in the past and may rise again in the future. This could impact profitability.
- Cash and cash equivalents increased from $712 million to $859 million. This may affect future cash flows.
- Consolidated net revenues generated outside the local currencies increased from 34% to 44%. This may expose us to foreign currency exchange risks.
- Wholesale channel sales represented 59% of net revenues, decreased to 57%. This shift may impact revenue stability.
- Material weaknesses identified in internal control over financial reporting. Failure to remediate could lead to misstatements and decline in stock price.
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=1336917&owner=exclude
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