5 unchanged sentences
The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products.
−Removed: The Company, directly and through it's subsidiaries, designs, sources, imports, markets, sells and licenses to certain licensees a variety of houseware and consumer electronic products, both domestically and internationally, under the Emerson® brand name.
+Added: The Company, directly and through its subsidiaries, designs, sources, imports, markets, sells and licenses to certain licensees a variety of houseware and consumer electronic products, both domestically and internationally, under the Emerson® brand name.
The Company believes its competitive advantages include a combination of:
23 unchanged sentences
During the fiscal year ended March 31, 2026 (“fiscal 2026 ”), Amazon.com Inc.
−Removed: ("Amazon") accounted for approximately 39% and Walmart Inc.
−Removed: ("Walmart") accounted for approximately 31% of the Company’s net revenues.
−Removed: During the fiscal year ended March 31, 2024 (“fiscal 2024”), Walmart accounted for approximately 53%, Amazon accounted for approximately 20%, and Fred Meyer, Inc.
+Added: ("Amazon") accounted for approximately 42% and Fred Meyer Inc.
("Fred Meyer") accounted for approximately 13% of the Company’s net revenues.
+Added: During the fiscal year ended March 31, 2025 (“fiscal 2025 ”), Amazon accounted for approximately 39% and Walmart Inc.
+Added: ("Walmart") accounted for approximately 31% of the Company’s net revenues.
No other customer accounted for more than 10% of net revenues in either period.
−Removed: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Amazon, and Variety Wholesalers, Inc.
+Added: As a percentage of the Company’s total trade accounts receivable, net of specific reserves, Amazon and Fred Meyer accounted for approximately 64%, and 20%, respectively, as of March 31, 2026 .
+Added: As a percentage of the Company’s total trade accounts receivable, net of specific reserves, Amazon, and Variety Wholesalers, Inc.
("Variety Wholesalers") accounted for approximately 59%, and 19%, respectively, as of March 31, 2025 .
−Removed: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart, Grupo Comercial Chedraui S.A.B.
−Removed: ("Chedraui") and Amazon, accounted for approximately 34%, 30% and 25%, respectively, as of March 31, 2024.
No other customer accounted for more than 10% of the Company’s total trade accounts receivable, net of specific reserves, as of March 31, 2026 or March 31, 2025 .
Management believes that a loss, or a significant reduction, of sales to any of its key customers would have a material adverse effect on the Company’s business and results of operations.
−Removed: Approximately 52% and 40% of the Company’s net revenues for fiscal years 2025 and 2024, respectively, were made through third-party sales representative organizations that receive sales commissions and work in conjunction with the Company’s own sales personnel.
+Added: Approximately 82% and 52% of the Company’s net revenues for fiscal 2026 and fiscal 2025 , respectively, were made through third-party sales representative organizations that receive sales commissions and work in conjunction with the Company’s own sales personnel.
With the Company’s permission, third-party sales representative organizations may sell competitive products in addition to the Company’s products.
In most instances, either party may terminate a sales representative relationship on 30 days prior notice by the Company and 90 days prior notice by the sales representative organization in accordance with customary industry practice.
−Removed: In fiscal 2025, the Company utilized 5 sales representative organizations, 2 of these representative organizations were responsible for approximately 48% of the Company's net revenues, including one which represented approximately 38% and another which represented approximately 10% of its net revenues.
−Removed: In fiscal 2024, the Company utilized 6 sales representative organizations, including one which represented approximately 30% of its net revenues.
+Added: In fiscal 2026 , the Company utilized six sales representative organizations, two of these representative organizations were responsible for approximately 68% of the Company's net revenues, including one which represented approximately 43% and another which represented approximately 25% of its net revenues.
+Added: In fiscal 2025 , the Company utilized five sales representative organizations, two of these representative organizations were responsible for approximately 48% of the Company's net revenues, including one which represented approximately 38% and another which represented approximately 10% of its net revenues.
No other sales representative organization accounted for more than 10% of the Company’s net revenues in fiscal 2026 or fiscal 2025 .
8 unchanged sentences
See Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” During fiscal 2026 approximately 13% of the Company’s product sales were sold under the Direct Import Program.
−Removed: During fiscal 2024, approximately 12% of the Company’s product sales were sold un der the Direct Import Program.
+Added: During fiscal 2025 , approximately 11% of the Company’s product sales were sold under the Direct Import Program.
The Company also sells products through third party online marketplaces to broaden its brand reach.
47 unchanged sentences
Government Regulation
−Removed: Pursuant to the Tariff Act of 1930, as amended, the Trade Act of 1974 and regulations promulgated there under, the United States government charges tariff duties, excess charges, assessments and penalties on many imports.
+Added: Pursuant to the Tariff Act of 1930, as amended, the Trade Act of 1974 and regulations promulgated thereunder, the United States government charges tariff duties, excess charges, assessments and penalties on many imports.
These regulations are subject to continuous change and revision by government agencies and by action of the United States Trade Representative.
13 unchanged sentences
However, any claims substantially in excess of the Company’s insurance coverage, or any substantial claim not covered by insurance, could have a material adverse effect on the Company’s financial condition and results of operations.
−Removed: As o f June 18, 2025, the Company had 23 employees, comprised of 9 in the United States and 14 in China.
+Added: As of June 4, 2026, the Company had 21 employees, composed of eight in the United States and 13 in China.
None of the Company’s employees are represented by unions, and the Company believes its labor relations are good.
6 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.