Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 306

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 306
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. 

We
sell a substantial portion of our products through big box retailers such as Costco, Walmart and Sam’s Club Stores. The top two
retailers of our products for the years ended December 31, 2024 and 2023, accounted for 99% and 90% of our net sales,
respectively. The loss of, or business disruption at, one or more of these retailers or distributors or a negative change in our relationship
with these retailers could have a material adverse effect on our business. If we do not maintain our relationship with these retailers
or develop relationships with new retailers and distributors, the growth of our business may be adversely affected, and our business
may be harmed.

We
do not have long-term purchase agreements with our customers.

Many
of our customers buy from us under purchase orders, and we generally do not have long-term agreements with or commitments from these
customers for the purchase of products. We cannot provide assurance that our customers, including customers that participate in our subscription
programs, will maintain, or increase their sales volumes or orders for our products or that we will be able to maintain or add to our
existing customer base. As a result, our past sales experience is not indicative of future sales or anticipated sales trends. Further,
decreases in our customers’ sales volumes or orders for products supplied by us may have a material adverse effect on our business,
financial condition, or results of operations and may occur without warning thus making future planning and forecasting difficult.

We
may not be able to successfully implement our growth strategy for our brand on a timely basis or at all.

We
believe that our future success depends, in part, on our ability to implement our growth strategy of leveraging our existing brand and
products to drive increased sales. Our ability to implement this strategy depends, among other things, on our ability to:

    ●
    enter distribution and other strategic arrangements
    with third-party retailers and other potential distributors of our products;

    ●
    successfully compete in the product categories
    in which we operate;

    ●
    introduce new and appealing products and
    successfully innovate on our existing products;

    ●
    develop and maintain consumer interest in
    our brand; and

    ●
    increase our brand recognition and loyalty.

We
may not be able to implement this growth strategy successfully. Our planned marketing expenditures may not result in increased sales
or generate sufficient levels of consumer interest or brand awareness, and our high rates of sales and income