What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2021-05-12 compared with 2020-11-13 · 44 added, 53 removed, 27 unchanged (78% of the section changed)

10 unchanged sentences

and prolonged unemployment, decreases in per capita income and the level of disposable income, declines in consumer confidence,

or economic slowdowns or recessions, could affect consumer purchasing power and consumers’

ability to purchase our products,

or economic slowdowns or recessions, could affect consumer purchasing power and consumers ability to purchase our products,

thereby reducing demand for our products.

1 unchanged sentence

may also reduce demand for our products.

The closure of on-premise

retailers and other establishments that sell our products as a result of the COVID-19 pandemic may also adversely impact our

sales and results of operations.

Our advertising,

marketing, promotional, sponsorship and endorsement activities have been, and will continue to be, disrupted by reduced opportunities

for such activities due to measures taken to limit the spread of the COVID-19 pandemic and the cancellations of sporting events,

concerts and other events may result in decreased demand for our products.

Our product sampling programs, which are

part of our strategy to develop brand awareness, have been, and will continue to be, disrupted by the COVID-19 pandemic.

we are unable to successfully adapt to the changing landscape of advertising, marketing, promotional, sponsorship and endorsement

closure of on-premise retailers and other establishments that sell our products as a result of the COVID-19 pandemic may also

adversely impact our sales and results of operations.

advertising, marketing, promotional, sponsorship and endorsement activities have been, and will continue to be, disrupted

by reduced opportunities for such activities due to measures taken to limit the spread of the COVID-19 pandemic and the cancellations

of sporting events, concerts and other events may result in decreased demand for our products.

Our product sampling programs,

which are part of our strategy to develop brand awareness, have been, and will continue to be, disrupted by the COVID-19 pandemic.

If we are unable to successfully adapt to the changing landscape of advertising, marketing, promotional, sponsorship and endorsement

opportunities created by the COVID-19 pandemic, our sales, volume growth and overall financial results could be negatively

Our innovation activities,

including our ability to introduce new products in certain markets, have been delayed and/or adversely impacted by the COVID-19

If such innovation activities are disrupted and we continue to delay the launch of new products and/or we are unable

to secure sufficient distribution levels for such new products, our business and results of operations could be adversely

Some of our suppliers,

bottlers/distributors and co-packers may experience plant closures, production slowdowns and disruptions in operations as

a result of the impact of the COVID-19 pandemic.

innovation activities, including our ability to introduce new products in certain markets, have been delayed and/or adversely

impacted by the COVID-19 pandemic.

If such innovation activities are disrupted and we continue to delay the launch of new

products and/or we are unable to secure sufficient distribution levels for such new products, our business and results of

operations could be adversely affected.

of our suppliers, bottlers/distributors and co-packers may experience plant closures, production slowdowns and disruptions

in operations as a result of the impact of the COVID-19 pandemic.

This could result in a disruption to our operations.

We may experience

delays in the sourcing of certain raw materials as a result of shipping delays due to, among other things, additional safety

requirements imposed by port authorities, closures of or congestion at ports, reduced availability of commercial transportation,

border restrictions and capacity constraints.

As a result of the

COVID-19 pandemic, including related governmental measures, restrictions, directives and guidance, we have required most of

our office-based employees to work remotely.

We may experience reductions in productivity and disruptions to our business

routines while our remote work policy remains in place.

If our employees working remotely do not maintain appropriate measures

to mitigate potential risks to our technology and operations from information technology-related disruptions, we may face

cybersecurity threats.

Employees of our third-party service providers who are working remotely, with whom we may share data,

are subject to similar cybersecurity risks.

Governmental authorities

federal, state and/or municipal level and in certain foreign jurisdictions may increase or impose new income taxes,

indirect taxes or other taxes or revise interpretations of existing tax rules and regulations as a means of financing the

costs of stimulus or may take other measures to protect populations and economies from the impact of the COVID-19 pandemic.

Increases in direct and indirect tax rates could affect our net income, and increases in consumer taxes could affect our products’

affordability and reduce our sales.

We may be required

to record significant impairment charges with respect to goodwill or intangible assets whose fair values may be negatively

affected by the effects of the COVID-19 pandemic.

The financial impact

of the COVID-19 pandemic may cause one or more of the financial institutions we do business with to fail or default in their

obligations to us or to become insolvent or file for bankruptcy, which could cause us to incur significant losses and negatively

impact our results of operations and financial condition.

Actions we have

taken or may take, or decisions we have made or may make, as a consequence of the COVID-19 pandemic may result in negative

publicity and the Company becoming a party to litigation claims and/or legal proceedings, which could consume significant

may experience delays in the sourcing of certain raw materials as a result of shipping delays due to, among other things,

additional safety requirements imposed by port authorities, closures of or congestion at ports, reduced availability of commercial

transportation, border restrictions and capacity constraints.

a result of the COVID-19 pandemic, including related governmental measures, restrictions, directives and guidance, we have

required most of our office-based employees to work remotely.

We may experience reductions in productivity and disruptions

to our business routines while our remote work policy remains in place.

If our employees working remotely do not maintain

appropriate measures to mitigate potential risks to our technology and operations from information technology-related disruptions,

we may face cybersecurity threats.

Employees of our third-party service providers who are working remotely, with whom we may

share data, are subject to similar cybersecurity risks.

authorities at the U.S.

federal, state and/or municipal level and in certain foreign jurisdictions may increase or impose

new income taxes, indirect taxes or other taxes or revise interpretations of existing tax rules and regulations as a means

of financing the costs of stimulus or may take other measures to protect populations and economies from the impact of the

COVID-19 pandemic.

Increases in direct and indirect tax rates could affect our net income, and increases in consumer taxes

could affect our products affordability and reduce our sales.

may be required to record significant impairment charges with respect to goodwill or intangible assets whose fair values may

be negatively affected by the effects of the COVID-19 pandemic.

financial impact of the COVID-19 pandemic may cause one or more of the financial institutions we do business with to fail

or default in their obligations to us or to become insolvent or file for bankruptcy, which could cause us to incur significant

losses and negatively impact our results of operations and financial condition.

we have taken or may take, or decisions we have made or may make, as a consequence of the COVID-19 pandemic may result in

negative publicity and the Company becoming a party to litigation claims and/or legal proceedings, which could consume significant

financial and managerial resources, result in decreased demand for our products and injury to our reputation.

The resumption of

normal business operations after the disruptions caused by the COVID-19 pandemic may be delayed or constrained by its lingering

effects on our suppliers, bottlers/distributors, co-packers, contractors, business partners and other service providers.

resumption of normal business operations after the disruptions caused by the COVID-19 pandemic may be delayed or constrained

by its lingering effects on our suppliers, bottlers/distributors, co-packers, contractors, business partners and other service

of the negative impacts of the COVID-19 pandemic, including those described above, alone or in combination with others, may have

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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

notes 6 and 16.

DEFAULTS UPON SENIOR SECURITIES

2 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.

What changed 10-Q

Item 1A. Risk Factors