Item 1A. Risk Factors
ITEM
1A. RISK FACTORS
Our
operations and financial results are subject to various risks and uncertainties, including those described in Part I, Item 1A, “Risk
Factors” in our 2024 10-K. There have been no material changes to our risk factors since the 2024 10-K.
Changes
in U.S. trade policies, including the imposition of tariffs, may adversely impact our business, financial condition, and results of
operations.
The
Trump Administration implemented new tariffs on goods imported into the U.S., including coffee, which has introduced uncertainty to our
business and will increase the cost of our products sourced outside of the U.S. The extent and duration of increased tariffs and the
resulting impact on general economic conditions and on our business are uncertain and depend on various factors, such as negotiations
between the U.S. and affected countries, the responses of other countries or regions, exemptions or exclusions that may be granted, and
availability and cost of alternative sources of supply.
As
a result of these dynamics, we may find it difficult to predict the impact on our business of these and future changes to the trading
relationships between the U.S. and other countries or the impact on our business of new laws or regulations adopted by the U.S. or other
countries.
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
None.
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