Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
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New words:
Adobe, asserted, Beautyrest, bench, calibrated, cargo, CFR, CIO, Columbia, congestion, cybersecurity, deep, District, enterprise, erroneously, extortion, FDIC, featuring, flat, Florida, identification, immigration, Inability, incentivize, inclusive, innovation, Institute, intellectual, jeopardize, landscape, NIST, onboarded, organizational, overview, partner, passing, posture, prevailing, railway, recruit, refined, remediating, replatformed, shortage, soft, terrorism, trucking, unchanged, unloading, unpredictable, unsuccessful, usability, VP
Removed:
accelerate, adding, ASU, Avenue, back, bearing, borrowed, Broadway, Buyer, buying, challenged, Colonial, concession, construction, continuity, Coppel, Coppell, creation, discounting, dramatic, ELFP, enacted, enforceable, Euro, excluding, exercised, existed, expectation, financially, FL, guidance, halted, hampered, HAVERTACQII, HF, highest, initiated, Jackson, john, knowledgeable, Lakeland, Landlord, law, leaseback, lessee, lessor, low, manufactured, matching, model, original, outpace, people, permanent, predict, quickly, refundable, Relief, remained, rent, reopened, reopening, repaid, representation, restarted, resumed, retention, Rooker, rose, salespeople, Seller, shock, showroom, spread, subsequent, suffered, suspended, suspension, TX, unaudited, VA, worked
Financial report summary
?Risks
- We face significant competition from national, regional and local retailers of home furnishings.
- If we fail to successfully anticipate or respond to changes in consumer preferences in a timely manner, our sales may decline.
- Our future success is largely dependent on our ability to successfully implement our growth and other strategies.
- Inability to maintain and enhance our brand may materially adversely impact our business.
- We import a substantial portion of our merchandise from foreign sources. This exposes us to certain risks that include political and economic conditions. Changes in exchange rates or tariffs could impact the price we pay for these goods, resulting in potentially higher retail prices and/or lower gross profit on these goods.
- We are dependent upon the ability of our third-party producers to meet our requirements; any failures by these producers, or the unavailability of suitable suppliers at reasonable prices or limitations on our ability to source from third-party producers may negatively impact our ability to deliver quality merchandise to our customers on a timely basis or result in higher costs or reduced net sales.
- Our vendors might fail in meeting our quality control standards or reacting to changes to the legislative or regulatory framework regarding product safety.
- Significant fluctuations in the price, availability and quality of raw materials and components could adversely affect our profits.
- Our revenue can be adversely affected by our ability to successfully forecast our supply chain needs and our foreign manufacturers’ ability to comply with international trade rules and regulations.
- We rely on third party transportation providers for substantially all of our product shipments from our vendors.
- Because of our limited number of distribution centers, our operating results could suffer if one is damaged.
- We rely extensively on information technology systems to process transactions, summarize results, and manage our business. Disruptions in our information technology systems could adversely affect our business and operating results.
- Successful cyber-attacks and the failure to maintain adequate cyber-security systems and procedures could materially harm our business.
- We may be unable to attract, train, engage and retain key teammates.
- A failure to recruit, develop and retain effective leaders or the loss or shortage of personnel with key capacities and skills could impact our strategic growth plans and jeopardize our ability to meet our business performance expectations and growth targets.
- An overall decline in the health of the economy and consumer spending may affect consumer purchases of discretionary items, which could reduce demand for our products and materially harm our sales, profitability and financial condition.
- The rise of oil and gasoline prices could affect our profitability.
- ESG risks could adversely affect our reputation and shareholder, employee, customer and third-party relationships and may negatively affect our stock price.
- Pending or unforeseen litigation and the potential for adverse publicity associated with litigation could have a material adverse effect on us.
Management Discussion
- The table and discussion below should be read in conjunction with our consolidated financial statements and related notes included in this report.
- (1)Stores were closed and delivery operations were paused for approximately six weeks due to COVID-19.
- (2)Includes impairment loss of $2.4 million, or $1.8 million after tax, on a retail store in 2019 which impacted diluted earnings per share $0.09.