32 unchanged sentences
Significant deterioration of economic conditions over a prolonged period could produce a material adverse effect on one or more of our significant operations.
−Removed: Our operating businesses face a variety of risks associated with doing business in foreign markets.
−Removed: There is no assurance that our international operations will remain profitable.
−Removed: Our international operations are subject to all of the risks associated with our domestic operations, as well as a number of additional risks, varying substantially country by country.
−Removed: These include, inter alia , international economic and political conditions, corruption, terrorism, social and ethnic unrest, foreign currency fluctuations, differing cultures, and consumer preferences.
−Removed: In addition, we may become subject to foreign governmental regulations that impact the way we do business with our international franchisees and vendors.
−Removed: These include antitrust and tax requirements, anti-boycott regulations, international trade regulations, the USA Patriot Act, the Foreign Corrupt Practices Act, Office of Foreign Assets Control regulations, and
−Removed: applicable local laws.
−Removed: Failure to comply with any such legal requirements could subject us to monetary liabilities and other sanctions, which could harm our business and our financial condition.
−Removed: Epidemics, pandemics, or other outbreaks, including COVID-19, could hurt our operating businesses and investments.
−Removed: The outbreak of COVID-19 adversely affected our operations and investments, and in the future it or other epidemics, pandemics, or outbreaks may do the same.
+Added: Epidemics, pandemics, or other outbreaks could hurt our operating businesses and investments.
+Added: Epidemics, pandemics, or outbreaks may adversely affect our operations and investments.
This is or may be due to closures or restrictions requested or mandated by governmental authorities, disruption to supply chains and workforce, reduction of demand for our products and services, credit losses when customers and other counterparties fail to satisfy their obligations to us, and volatility in global equity securities markets, among other factors.
27 unchanged sentences
In addition, our restaurants are dependent upon frequent deliveries of perishable food products that meet certain specifications.
−Removed: Shortages or interruptions in the supply of perishable food products caused by unanticipated demand, problems in production or distribution, disease or food-borne illnesses, inclement weather, or other conditions could adversely affect the availability, quality, and cost of
−Removed: ingredients, which would likely lower revenues, damage our reputation, or otherwise harm our business.
+Added: Shortages or interruptions in the supply of perishable food products caused by unanticipated demand, problems in production or distribution, disease or food-borne illnesses, inclement weather, or other conditions could adversely affect the availability, quality, and cost of ingredients, which would likely lower revenues, damage our reputation, or otherwise harm our business.
We cannot predict whether we will continue to be able to anticipate and react to changing food costs by adjusting our purchasing practices, menu offerings, and menu prices, and a failure to do so could adversely affect our operating results.
79 unchanged sentences
Litigation or changes in national, state, or local environmental regulations or laws, including those designed to stop or impede the development or production of oil and natural gas, could adversely affect our operations and profitability.
−Removed: Unresolved Staff Comments
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.