20 unchanged sentences
Our Company has a well-recognized and strong reputation that could be negatively impacted by social media and many other factors.
−Removed: If our reputation is adversely affected, our ability to attract and retain customers and consumers could be impacted.
+Added: If our reputation is adversely affected, our ability to attract and retain customers, consumers and employees could be impacted.
In addition, certain of our key retailers around the world market and sell competing brands or are owned or otherwise affiliated with companies that market and sell competing brands.
−Removed: Our inability to continue to compete effectively in key countries around the world could have a material adverse effect on our business.
+Added: Our inability to continue to compete effectively in key countries around the world (e.g., China) could have a material adverse effect on our business.
Our inability to anticipate and respond to market trends and changes in consumer preferences could adversely affect our financial results.
3 unchanged sentences
If we are unable to anticipate and respond to sudden challenges that we may face in the marketplace, trends in the market for our products and changing consumer demands and sentiment, our financial results will suffer.
−Removed: In addition, from time to time, sales growth or profitability may be concentrated in a relatively small number of our brands, channels or countries.
−Removed: If such a situation persists or a number of brands, channels or countries fail to perform as expected, there could be a material adverse effect on our business.
−Removed: In key markets, such as the United States, we have seen a decline in retail traffic in our department store customers and in our freestanding stores.
+Added: In addition, from time to time, sales growth or profitability may be concentrated in a relatively small number of our brands, channels or countries (e.g., China).
+Added: If such a situation persists or one or more brands, channels or countries fails to perform as expected, there could be a material adverse effect on our business.
+Added: In certain key markets, such as the United States, we have seen a longer-term decline in retail traffic in our department store customers and in our freestanding stores.
We continue to see the shift in consumer preference to the online channel, which accelerated in response to the COVID-19 pandemic.
3 unchanged sentences
Our future success depends, in part, on our ability to achieve our long-term strategy.
−Removed: Achieving our long-term strategy will require investment in new capabilities, brands, categories, distribution channels, supply chain facilities, technologies and emerging and more mature geographic markets.
+Added: Achieving our long-term strategy will require investment in new capabilities, brands, categories, distribution channels, supply chain facilities, technologies and emerging and more mature geographic markets (e.g., China).
These investments may result in short-term costs without any current sales and, therefore, may be dilutive to our earnings.
22 unchanged sentences
Our business could be negatively impacted by social impact and sustainability matters.
−Removed: There is an increased focus from certain investors, customers, consumers, employees, and other stakeholders concerning social impact and sustainability matters.
+Added: There is an increased focus from certain investors, customers, consumers, regulators, employees, and other stakeholders concerning social impact and sustainability and other ESG matters.
From time to time, we announce certain initiatives, including goals and commitments, regarding our focus areas, which include environmental matters, packaging, responsible sourcing, social investments and inclusion and diversity.
1 unchanged sentence
Such failures could be due to changes in our business (e.g., shifts in business among distribution channels or acquisitions).
−Removed: Moreover, the standards by which citizenship and sustainability efforts and related matters are measured are developing and evolving, and certain areas are subject to assumptions that could change over time.
+Added: Moreover, the standards by which ESG efforts and related matters are measured are developing and evolving, and certain areas are subject to assumptions that could change over time.
In addition, we could be criticized for the scope of our initiatives or goals or perceived as not acting responsibly in connection with these matters.
−Removed: Any such matters, or related social impact and sustainability matters, could have a material adverse effect on our business.
+Added: Any such matters, or related ESG matters, could have a material adverse effect on our business.
A general economic downturn, or sudden disruption in business conditions may affect consumer purchases of discretionary items and/or the financial strength of our customers that are retailers, which could adversely affect our financial results.
13 unchanged sentences
social, political and human rights issues;
−Removed: regulatory matters, including the imposition of tariffs;
+Added: regulatory matters, including the imposition of tariffs or sanctions;
geopolitical tensions;
17 unchanged sentences
We are subject to risks related to the global scope of our operations.
−Removed: We operate on a global basis, with a majority of our fiscal 2021 net sales and operating income generated outside the United States.
+Added: We operate on a global basis, with a substantial majority of our fiscal 2022 net sales and operating income generated outside the United States.
We maintain offices in over 50 countries and have key operational facilities located inside and outside the United States that manufacture, warehouse or distribute goods for sale throughout the world.
7 unchanged sentences
(iv) adverse weather conditions and natural disasters;
−Removed: and (v) social, economic and geopolitical conditions, such as a pandemic, terrorist attack, war or other military action.
+Added: (v) concentration of sales growth or profitability in one or more countries (e.g., China);
+Added: and (vi) social, economic and geopolitical conditions, such as a pandemic, terrorist attack, war or other military action.
These risks could have a material adverse effect on our business.
A disruption in our operations or supply chain could adversely affect our business.
−Removed: As a company engaged in manufacturing and distribution on a global scale, we are subject to the risks inherent in such activities, including industrial accidents, environmental events, strikes and other labor disputes, capacity constraints, disruptions in ingredient, material or packaging supply, as well as global shortages, disruptions in supply chain or information technology, loss or impairment of key manufacturing sites or suppliers, product quality control, safety, increase in commodity prices and energy costs, licensing requirements and other regulatory issues, as well as natural disasters and other external factors over which we have no control.
+Added: As a company engaged in manufacturing and distribution on a global scale, we are subject to the risks inherent in such activities, including industrial accidents, environmental events, strikes and other labor disputes, capacity constraints, disruptions in ingredient, material or packaging supply, as well as global shortages, disruptions in supply chain or information technology, loss or impairment of key manufacturing or distribution sites or suppliers, product quality control, safety, increase in commodity prices and energy costs, licensing requirements and other regulatory issues, as well as natural disasters and other external factors over which we have no control.
If such an event were to occur, it could have a material adverse effect on our business.
14 unchanged sentences
Changes in these laws, regulations and policies, including the interpretation or enforcement thereof, that affect our business could adversely affect our financial results.
−Removed: These changes include accounting standards, laws and regulations relating to tax matters, trade, data privacy (e.g., General Data Protection Regulation (GDPR)), anti-corruption, advertising, marketing, manufacturing, distribution, customs matters, product registration, ingredients, chemicals, packaging, selective distribution, environmental or climate change matters.
+Added: These changes include accounting standards, as well as laws and regulations relating to tax matters, trade (including sanctions), data privacy (e.g., General Data Protection Regulation (GDPR)), cybersecurity, anti-corruption, advertising, marketing, manufacturing, distribution, customs matters, product registration, ingredients, chemicals, packaging, selective distribution, and environmental or climate change matters.
Disputes and other legal or regulatory proceedings could adversely affect our financial results.
−Removed: We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to employment, real estate, environmental, regulatory, advertising, trade relations, tax, privacy and product liability matters (including asbestos-related claims).
+Added: We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to product liability matters (including asbestos-related claims), advertising, regulatory, employment, intellectual property, real estate, environmental, trade relations, tax and privacy.
In general, claims made by us or against us in litigation, disputes or other proceedings can be expensive and time consuming and could result in settlements, injunctions or damages that could significantly affect our business.
59 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.