Updating risk factors in form 10 q updating risk factors in form 10 q
January is a good time for calendar-year-end companies to re-evaluate, and update as necessary, their Form 10-K risk factors.
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Forward-Looking Statements This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” Forward-looking statements include statements updating our guidance and outlook for the third and fourth quarters of 2017 and full year fiscal 2017 and other statements identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections.
Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions.
We have been assessing the change in trend and have identified product and marketing calendar issues that are affecting traffic and conversion, and we are reacting quickly.” For the third quarter 2017, the company now expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year.
The company also now expects GAAP diluted EPS of of non-recurring expenses associated with the company’s transition to a public company. Bennett continued: “Given our long track record of consistent sales and earnings growth driven by a strong connection with our customers, we are very disappointed with our soft sales trend. The information included on our website is not incorporated by reference herein.
Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding our ability to manage inventory or anticipate consumer demand; changes in consumer confidence and spending; our competitive environment; our failure to open new profitable stores or successfully enter new markets and other factors set forth under “Risk Factors” in the Form 10K.
Any forward-looking statement made in this press release speaks only as of the date on which it is made.
The strategic combination of the three complementary businesses, which was announced in October 2017, will create a mission-enabled, end-to-end IT services and mission solutions provider to government customers at the U. federal, state and local level.“Perspecta will fill a unique market position in the government contracting space by offering a full spectrum of complementary capabilities, leveraging a strong track record of performance and innovation, and providing access to an unmatched team of highly skilled employees,” said DXC Technology chairman, president and CEO, Mike Lawrie, who will serve as the chairman of Perspecta upon the close of the proposed merger.
“With a diversified customer base, Perspecta will be an innovative leader in addressing the evolving mission needs of public sector customers.”“In selecting the new company’s name and brand, it was important to represent the optimism and excitement around the unique value that this combined entity will deliver to government customers,” said Vencore’s president and CEO, Mac Curtis, who will serve as CEO of Perspecta. With a keen focus on innovation and a deep understanding of our customers, we will passionately pursue smart, creative and collaborative approaches to solving the nation’s most complex challenges.”Until the completion of the merger, DXC USPS, Vencore and Key Point will continue to operate under their current leadership structures as three separate organizations.
Finally, if a company is using forward-looking statement disclaimers in a press release or for some other purpose prior to filing its next Form 10-Q or Form 10-K, it should consider updating the disclaimers in respect of this subject, and similarly, it should consider updating its risk factors in its next Form 10-Q or Form 10-K.Tags: Adult Dating, affair dating, sex dating