What the changes say
- The material weakness in IT controls was removed after being resolved.
- Customer concentration increased slightly with top ten customers reaching 46% of sales.
- Foreign sales figures were updated to reflect $69.6 million for fiscal 2025.
What changed since the prior 10-K
Dropped
- DroppedRisk Related to Product Changes
Risks Associated with our Identified Material Weakness in our Internal Control over Financial Reporting
Reworded
- 63% rewrittenRisks Relating to Pandemics, Epidemics, or Other Disease Outbreaks
General Risks of the Food Industry
Retained identical risk text regarding food industry pressures and supermarket buying power.
- 44% rewrittenGeneral Economic Risk
Risks of Shortages or Increased Cost of Raw Materials and Packaging
Added tariffs as a potential driver of commodity price volatility and supply disruption for raw materials.
Was: Risks of Shortages or Increased Cost of Raw Materials
- 38% rewrittenRisk Related to Product Changes
Risks Associated with Foreign Operations
Updated foreign sales figures for fiscal 2025 to $69.6 million from the prior $73.4 million in 2024.
- 35% rewrittenRisks Relating to Pandemics, Epidemics, or Other Disease Outbreaks
Risks Resulting from Customer Concentration
Updated top ten customer sales concentration to 46% for fiscal 2025 and the largest customer share to 10%.
All 13 risk factors
Headings as the filing states them, in filing order.
General Economic Risk
- 01Risks of Shortages or Increased Cost of Raw Materials and Packaging44% rewritten
Risks Relating to Pandemics, Epidemics, or Other Disease Outbreaks
- 02General Risks of the Food Industry63% rewritten
- 03Risks of Shortages or Increased Costs of Labor
- 04Risks Resulting from Customer Concentration35% rewritten
Risks Relating to Acquisition Integration
- 05expectations about the performance of acquired trademarks and brands and the fair value of such trademarks and brands
- 06New Jersey Law and Provisions of Our Amended and Restated Certificate of Incorporation and Bylaws May Inhibit a Change In Control
Risk Related to Product Changes
- 07Risks Associated with Foreign Operations38% rewritten
- 08Risks Associated with our Information Technology Systems
- 09Risks Associated with Real or Perceived Safety Issues Regarding our Food Products
- 10Risks Associated with our Intellectual Property Rights
- 11Risks Associated with the Favorable Perception of our Brands
- 12Risk Associated with Generating Anticipated Cost Savings and/or Operating Efficiencies Associated with our Strategic Initiatives
- 13Seasonality and Quarterly Fluctuations
Other J&j Snack Foods 10-Ks
- FY2024 10-K risk factors14 risks
Customer concentration is high, with the top ten customers accounting for 45% of sales in 2024.
Filed Nov 26, 2024
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.