The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
J.M. Smucker Company's risk disclosures shifted focus from pandemic-related concerns to macroeconomic conditions, removing COVID-19 and single-broker dependency risks while adding three new risks centered on inflation/recession impacts, equity investment volatility, and enterprise system implementation. The nine substantively modified risks reflect evolving business priorities, with particular emphasis on geopolitical disruptions (Russia-Ukraine), capital market access, and competitive positioning against private label products. Overall, the 2023 filing reflects a recalibration from pandemic-era operational risks toward broader economic uncertainty and technology transformation challenges.
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
Deterioration of national and global macroeconomic conditions, an economic recession, periods of inflation, or economic uncertainty in key markets may adversely affect consumer spending and demand for our products.
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🟢 New in Current Filing
The value of our investment in equity securities is subject to certain risks and uncertainties which could make it difficult to dispose of some or all of such securities at favorable market prices.
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🟢 New in Current Filing
We may face complications with the design or implementation of our new enterprise performance management system, which may negatively affect our business and operations.
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🔴 No Match in Current Filing
The COVID-19 pandemic and related ongoing implications could negatively impact our business, financial condition, and results of operations.
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🔴 No Match in Current Filing
We use a single national broker to represent a portion of our branded products to the retail grocery trade and any failure by the broker to effectively represent us could adversely affect our business.
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🟡 Modified
The ongoing conflict between Russia and Ukraine and the related disruptions to the global economy could adversely affect our business, financial condition, or results of operations.
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🟡 Modified
Weak financial performance, downgrades in our credit ratings, or disruptions in the financial markets may adversely affect our ability to access capital in the future.
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🟡 Modified
We must leverage our brand value to compete against private label products.
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🟡 Modified
Our proprietary brands, packaging designs, and manufacturing methods are essential to the value of our business, and the inability to protect our intellectual property could harm the value of our brands and adversely affect our sales and profitability.
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🟡 Modified
Certain of our products are produced at single manufacturing sites.
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🟡 Modified
We may not realize the benefits we expect from our cost reduction and other cash management initiatives.
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🟡 Modified
Changes in tax, environmental, or other regulations and laws, or their application, or failure to comply with existing licensing, trade, and other regulations and laws could have a material adverse effect on our financial condition.
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🟡 Modified
Our operations are subject to the general risks associated with acquisitions, divestitures, and restructurings.
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🟡 Modified
Our operations are subject to the general risks of the food industry.
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