In: Accounting
What are some significant risk factors stated in Nike's 10-K?
Answer : Significant risk factors stated in Nike's 10-K are as follows -
1. Special Note Regarding Forward-Looking Statements and Analyst Reports.
2. Our products face intense competition.
3. Failure to maintain our reputation and brand image could negatively impact our business.
4. If we are unable to anticipate consumer preferences and develop new products, we may not be able to maintain or increase our revenues and profits.
5. We rely on technical innovation and high-quality products to compete in the market for our products.
6. Failure to continue to obtain or maintain high-quality endorsers of our products could harm our business.
7. Currency exchange rate fluctuations could result in lower revenues, higher costs and decreased margins and earnings.
8. Global economic conditions could have a material adverse effect on our business, operating results and financial condition.
9. Our business is affected by seasonality, which could result in fluctuations in our operating results.
10. Futures orders may not be an accurate indication of our future revenues.