Risk Factors Update Summary

• Increased labor costs due to higher minimum wages may impact financial results and growth prospects.
• Increased standards for determining joint employer status could lead to unfair labor practice liabilities.
• Recent inflation led to food price increases, affecting brand perception and potentially reducing demand.
• Proposed rule on joint employer relationship under the NLRA may impact operations significantly.
• Supply chain disruptions from capacity, transportation, and staffing challenges may lead to shortages.
• Implementation of a 15% global minimum tax could increase tax compliance costs.
• Cybersecurity risks, including ransomware attacks, could result in financial penalties and reputational harm.
• Failure to comply with evolving privacy laws may result in penalties and impact operations.
• Changes in labor market conditions may lead to labor shortages and increased labor costs.
• Brand value may be impacted by consumer perceptions related to food safety and business practices.