Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 288

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 288
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, aims
to ensure the U.S. food supply is safe by focusing on preventing contamination. We have been working to comply with the new requirements
of FSMA as the FDA has begun implementing and enforcing these provisions, and we will aim to ensure continued compliance as new regulations
are promulgated and additional requirements go into effect. The USDA regulates imports and exports of agricultural and food products
into and from the United States. The USDA also oversees the National Organic Program, which provides the national standards for labeling
products as USDA organic, and regulates the introduction of certain genetically engineered organisms.

Competition

The
food retail industry is very competitive. We compete with a number of Natural, Organic and Functional Food and Beverage producers, including
Bare Snacks, which is a brand owned by PepsiCo, Rind Snacks, Inc., and Mariani Packing Co., Inc. In addition, our online business competes
with food retail stores, supermarkets, warehouse clubs and other mass and general retail and online merchandisers. We face significant
competition from these producers and retailers. Any changes in their merchandising and operational strategies could negatively affect
our sales and profitability. In particular, if Natural, Organic and Functional Food and Beverage competitors seek to gain or retain market
share by reducing prices, we would likely be forced to reduce our prices on similar product offerings in order to remain competitive,
which may result in a decrease in our market share, net sales and profitability and may require a change in our operating strategies.

 5 

We
have been able to compete successfully by differentiating ourselves from our competitors by providing an expanding selection of products,
competitive pricing, convenience and customer service. If changes in consumer preferences decrease the competitive advantage attributable
to these factors, or if we fail to otherwise positively differentiate our product offering or customer experience from our competitors,
our business, financial condition, and results of operations could be materially and adversely affected.

Many
of our competitors have longer operating histories, greater brand recognition, larger fulfillment infrastructures, greater technical
capabilities, significantly greater financial, marketing, and other resources and larger customer bases than we do. These factors may
allow our competitors to derive greater net sales and profits from their existing customer bases, acquire customers at lower costs or
respond more quickly than we can to new or emerging technologies and changes in consumer preferences or habits. These competitors may
engage in more extensive research and development efforts, undertake more far-reaching marketing campaigns, and adopt more aggressive
pricing policies (including but not limited to predatory