What the changes say
- Geopolitical and trade risks now cover worldwide instability, China tariffs, the Strait of Hormuz, and energy-market volatility.
What changed since the prior 10-K
Reworded
- 87% rewritten
Global trade policy and the imposition of tariffs on imports from China have adversely affected the cost and sourcing of the Company ’ s products, among other things
Expanded from China tariff impacts to worldwide political instability, trade-policy changes, deteriorating country conditions, and manufacturing and sourcing disruptions.
Was: The imposition of tariffs on imports from China have adversely affected the cost and sourcing of the Company’s products, among other things
- 84% rewritten
Growing geopolitical tensions could adversely affect the Company ’ s operations and profitability
Now identifies Russia-Ukraine, Iran, China-Taiwan, North Korea, Strait of Hormuz disruptions, oil prices, and energy and financial-market volatility.
- 63% rewritten
Economic conditions could result in an increase in the costs of the Company ’ s products
Still covers freight, tariffs, cotton, oil, and labor costs, but removes detail about tariff duration, Chinese countermeasures, and mitigation.
Was: Economic conditions could result in an increase in the amounts paid for the Company’s products
- 24% rewritten
The loss of one or more of the Company ’ s key customers could result in a material loss of revenues
Top-two-customer concentration fell from 66% of fiscal 2025 gross sales to 57% of fiscal 2026 gross sales.
- 24% rewritten
The Company ’ s inability to anticipate and respond to consumers ’ tastes and preferences could adversely affect the Company ’ s revenues
Says social media will continue causing major shopping shifts and changes the potential impact wording from operating results to results of operations.
All 24 risk factors
Headings as the filing states them, in filing order.
Other
- 01The loss of one or more of the Company ’ s key customers could result in a material loss of revenues24% rewritten
- 02The loss of one or more of the Company ’ s licenses could result in a material loss of revenues
- 03Global trade policy and the imposition of tariffs on imports from China have adversely affected the cost and sourcing of the Company ’ s products, among other things87% rewritten
- 04Growing geopolitical tensions could adversely affect the Company ’ s operations and profitability84% rewritten
- 05Climate change may negatively affect the Company ’ s business, results of operations, cash flow and financial condition
- 06The Company ’ s inability to anticipate and respond to consumers ’ tastes and preferences could adversely affect the Company ’ s revenues24% rewritten
- 07The Company ’ s sourcing and marketing operations in foreign countries are subject to anti-corruption laws
- 08The Company ’ s business is impacted by general economic conditions and related uncertainties, including a declining birthrate, affecting markets in which the Company operates
- 09Economic conditions could result in an increase in the costs of the Company ’ s products63% rewritten
- 10The Company could experience losses associated with its intellectual property
- 11The strength of the Company ’ s competitors may impact the Company ’ s ability to maintain and grow its sales, which could decrease the Company ’ s revenues
- 12The Company ’ s success is dependent upon retaining key management personnel
- 13The Company may need to write down or write off inventory
- 14Recalls or product liability claims could increase costs or reduce sales
- 15The Company could experience adjustments to its effective tax rate or its prior tax obligations, either of which could adversely affect its results of operations
- 16Changes in international trade regulations and other risks associated with foreign trade could adversely affect the Company ’ s sourcing
- 17Disruptions to the Company ’ s information technology systems could negatively affect the Company ’ s results of operations
- 18Customer pricing pressures could result in lower selling prices, which could negatively affect the Company ’ s operating results
- 19The Company ’ s ability to successfully identify, consummate and integrate acquisitions, divestitures and other significant transactions could have an adverse impact on the Company ’ s business and financial results
- 20The active management of acquisitions, divestitures and other significant transactions requires varying levels of Company resources, including the efforts of the Company’s key management personnel, which could divert attention from the Company’s ongoing business operations
- 21Increased or unexpected costs, unanticipated delays or failure to meet contractual obligations could make acquisitions and investments less profitable or unprofitable
- 22The Company ’ s debt covenants may affect its liquidity or limit its ability to pursue acquisitions, incur debt, make investments, sell assets or complete other significant transactions
- 23The Company ’ s ability to comply with its credit facility is subject to future performance and other factors
- 24A stockholder could lose all or a portion of their investment in the Company
Other Crown Crafts 10-Ks
- FY2025 10-K risk factors24 risks
The company relies heavily on its top two customers and Disney licenses, exposing it to severe revenue concentration risks. Foreign sourcing from China and exposure to tariffs, trade rules, and freight costs dominate the risk profile. Declining birthrates and shifts in consumer taste threaten long-term infant and toddler product demand.
Filed Jun 25, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.