Free Cash Flow VolatilityInconsistent free cash flow hampers the company's ability to consistently fund growth, buybacks or higher dividends. Even with improving operating cash, variability in FCF complicates capital allocation and increases reliance on external funding for strategic initiatives or seasonally higher working capital needs.
EBIT Margin VolatilitySwinging EBIT margins point to variability in operating efficiency, possibly from promotions, input costs or scale effects. Persistent margin volatility makes long‑term earnings visibility weaker and can constrain investment planning and consistent profitability targets over the medium term.
Seasonality & Input-cost SensitivityHeavy exposure to seasonal ice‑cream demand and commodity inputs creates cyclical revenue and margin swings. This structural sensitivity requires tight inventory, pricing and hedging strategies; failure to manage it can reduce revenue predictability and compress margins across seasons.