Risk Factors Update Summary
- A substantial amount of shell egg processing now occurs at Egg Central Station, which could harm business if disrupted.
- Added risks related to overseas sourcing, including sudden disruptions, increased costs, and adverse impacts.
- Fluctuations in the market, including commodity shell egg price declines, could adversely affect financial condition.
- Increased transportation and freight costs may negatively impact profitability and operations.
- Introduction of ESG Impact Goals with potential failure consequences on reputation and financials.
- Sales of shell eggs constituted 95% of net revenue in fiscal 2023, up from 94% in fiscal 2022.
- Failure to develop or enrich product offerings could harm business and impede growth.
- Increased vulnerability to cybersecurity risks due to remote work and new initiatives.
- Net revenue increased from $362.1 million in fiscal 2022 to $471.9 million in fiscal 2023.
- Elevated interest rates could adversely affect business and farmers' access to capital.
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=1579733&owner=exclude
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