Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing Severity7/10Det 7

If we became subject to joint employer liability with our franchisees, it could increase our potential liability and adversely affect our future profitability.

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Joint employer status is a developing area of franchise and labor and employment law that has changed significantly in recent years and could be subject to additional changes that may impact our liability as a franchisor. Under the joint employer doctrine, we could potentially be liable for unfair labor practices, claims of wage and hour violations, and other violations by franchisees, or we could be required to conduct collective bargaining negotiations regarding employees of franchisees, who are independent employers. In the event of a finding of joint employment by the National Labor Relations Board or applicable state authorities, our operating costs may increase as a result of required modifications to business practices, increased litigation, governmental investigations or proceedings, administrative enforcement actions, fines, and civil liability. Employee claims that are brought against us under a theory of joint employment may also, in addition to legal and financial liability, create negative publicity that could adversely affect our brands and divert financial and management resources. A material increase in the number of these claims, or an increase in the number of successful claims, could adversely impact our brands’ reputation, which may cause significant harm.

🔴 No Match in Current Filing Failure to preserve the value and relevance of our brands could negatively impact our financial results. 🔒

🔴 No Match in Current Filing Outsourcing certain functions to third-party vendors subjects us to risks, including disruptions and increased costs. 🔒

🟡 Modified The global scope of our business subjects us to risks and costs that may cause our profitability to decline. 🔒

🟡 Modified Our results can be adversely affected by unforeseen natural and man-made events, such as adverse weather, natural disasters, pandemics, war or terrorist attacks, or other catastrophic events. 🔒

🟡 Modified Labor challenges for franchisees and Company restaurants could adversely affect our business. 🔒

🟡 Modified If we are unable to effectively manage wellness trends and food safety concerns with respect to our restaurants and the QSR industry in general, the value and relevance of our brands and our business outlook could be adversely impacted. 🔒

🟡 Modified Increases in food, equipment, and commodity costs or shortages or interruptions in supply or delivery thereof could harm our operating results and the results of our franchisees. 🔒

🟡 Modified Our leverage and obligations to service our debt could adversely affect our business. 🔒

🟡 Modified We have been, and in the future may be, subject to litigation that could have an adverse effect on our business. 🔒

🟡 Modified Our acquisition and operating of material portfolios of Company restaurants exposes us to additional risk and could adversely affect our operating margins and cash flows. 🔒

🟡 Modified Economic conditions have and may continue to adversely affect consumer discretionary spending and our business and results. 🔒

11 more changes in this filing

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