Risk Factors Update Summary
- Demand for products may decrease, impacting innovation and marketing effectiveness. This could lead to a decrease in demand from 2022 (RT: $2.8 billion) to 2023.
- Adulterated or mislabeled products may lead to liability claims and reputation damage. This could result in increased liability claims and reputation damage.
- Gross profit margins may be impacted by factors such as sales velocities and promotional support. This could result in a decrease in gross profit from 2022 (RT: $850 million) to 2023 (NT: $820 million).
- Reputation or brand image may be impacted by various factors, leading to liability claims and damage to reputation.
- Consumers' loyalty to brands may change, affecting business results. This change could have a significant impact on operating results.
- Fluctuations in quarterly results may impact overall financial condition. This change could lead to fluctuations in results from quarter to quarter.
- Price reductions by competitors may negatively impact competitiveness, requiring additional resources to remain competitive.
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=1739566&owner=exclude
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