Risk Factors Update Summary
- Expansion to 18 retail stores from 13 in 2023 may impact growth and profitability.
- Authorized new share repurchase program up to $300 million, enhancing stockholder value uncertain.
- Manufacturer concentration reduced from 72% to 44% for hard coolers and equipment.
- Amended bylaws designate federal district courts as exclusive forum for Securities Act complaints.
- DTC channel increased from 58% to 60% of net sales in 2023.
- Choice of forum provisions expanded to include federal district courts for Securities Act complaints.
- Proposed voluntary recalls may subject YETI to substantial costs and disruptions.
- Global stop sale of affected products may continue to impact YETI's operations.
- Potential increase in labor costs at third-party contract manufacturers could impact profitability.
- Failure to maintain or upgrade information technology systems could negatively impact operations.
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=1670592&owner=exclude
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