What Changed
Risk factors · Oct 23, 2024 → Oct 22, 20259 added · 5 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- Recent changes in trade policy, including tariffs imposed by the U.S. government and reciprocal tariffs imposed by foreign countries, have increased our sourcing costs, and uncertainty remains regarding additional tariff actions in the future.
- If we fail or are perceived to fail, in any number of ESG matters, or to effectively respond to changes in, or new, legal, regulatory or reporting requirements concerning climate change or other sustainability concerns, we may be subject to regulatory fines and penalties, and our reputation may suffer. 16 Table of Contents Financial Risks An impairment in the carrying value of goodwill and trade names could negatively impact our consolidated results of operations.
- We are subject to certain government regulations that could have a material adverse impact on our business, including changing climate-related regulations that may require us to incur additional costs in order to be in compliance.
- In addition, if product liability 15 Table of Contents claims rise to a level of frequency or size that are significantly higher than similar claims made against our competitors, our reputation and business may be harmed.
- While we may attempt to take steps to mitigate or avoid some of these increased costs and disruptions, our ability to do so may be limited by operational and supply chain constraints, especially in the short term.
- In addition to increased costs 13 Table of Contents as a result of these tariffs, we may face supply chain disruptions and delays that negatively impact our cost of materials and production processes.
- At the same time, our stakeholders have evolving, varied and sometimes conflicting expectations regarding many aspects of our business, including our operations and ESG-related matters.
- The uncertain trade policy environment may also contribute to declining consumer confidence, which could decrease demand for our products.
- If we are unable to properly forecast future demand of our products, our operating results may be negatively impacted.
No longer disclosed
- Financial Risks An impairment in the carrying value of goodwill and trade names could negatively impact our consolidated results of operations.
- Additionally, there continues to be uncertainty with respect to the implementation of current trade regulations, future trade regulations and existing international trade agreements, which could continue to increase our cost of goods sold, both directly and 13 Table of Contents as a result of price increases implemented by domestic suppliers, which we may not be able to pass on to our customers.
- In addition, if product liability claims rise to a level of frequency or size that are significantly higher than similar claims made against our competitors, our reputation and business may be harmed. 15 Table of Contents We are subject to certain government regulations that could have a material adverse impact on our business, including changing climate-related regulations that may require us to incur additional costs in order to be in compliance.
- If we are unable to properly forecast future demand of our products, our production levels may not meet demand, which could negatively impact our operating results.
- The impact from these tariffs could also result in decreased demand for our products.