7 unchanged sentences
The outbreak of COVID-19 has and will adversely affect our business, financial condition and results of operations.
−Removed: The recent outbreak of COVID-19 has adversely impacted the Company's business, financial condition and operating results through the first six months of fiscal 2020, and we expect that it will continue to do so throughout the remainder of fiscal 2020 and possibly beyond.
+Added: The COVID-19 pandemic has adversely impacted the Company's business, financial condition and operating results through the first nine months of fiscal 2020, and we expect that it will continue to do so throughout the remainder of fiscal 2020 and possibly beyond.
Adverse financial impacts associated with the outbreak include, but are not limited to, (i) lower net sales in markets affected by the actual or potential outbreak, whether due to state and local orders to close stores, reductions in store traffic and customer demand, labor shortages, or all, (ii) lower net sales caused by the delay of inventory production and fulfillment, (iii) and incremental costs associated with efforts to mitigate the effects of the outbreak, including increased freight and logistics costs and other expenses.
1 unchanged sentence
In addition public health officials have issued precautions and guidance intended to reduce the spread of the virus, including particular cautions about congregating in large groups or heavily populated areas, such as malls and shopping centers.
−Removed: We temporarily closed all Cato, Its Fashion, Its Fashion Metro and Versona stores March 19, 2020.
+Added: We temporarily closed all Cato, It’s Fashion, It’s Fashion Metro and Versona stores March 19, 2020.
Beginning on May 1, 2020, we began to re-open stores based on the pertinent state and local orders.
−Removed: As of June 15, 2020, all stores have re-opened.
+Added: As of June 15, 2020, all stores have re-opened, but are operating at reduced hours.
+Added: Recently reported increases in infection rates in many areas and the onset of cooler weather raise the possibility of increased or renewed governmental measures or public health guidance to reduce public activity and gatherings in order to mitigate the spread of the virus, as well as continued adverse effect on consumer confidence.
There is significant uncertainty around the breadth and severity of business disruptions related to COVID-19, as well as its impact on the global and U.S.
6 unchanged sentences
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.