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What changed 10-Q
Item 1A. Risk Factors
2025-12-11 compared with 2025-09-09 · 1 added, 1 removed, 12 unchanged (14% of the section changed)
5 unchanged sentences
We are actively monitoring the impact of tariffs that become effective, as well as potential retaliatory tariffs imposed by other countries.
−Removed: During the second quarter of 2025, our net sales and gross margins in the Brand Portfolio segment were adversely impacted by tariffs.
+Added: During the second and third quarters of 2025, our net sales and gross margins were adversely impacted by tariffs.
The enactment of additional tariffs and the uncertainty surrounding future tariff policies and rates pose a significant risk to our business operations and may materially increase our costs and reduce our margins.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.