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Our management has carried out, with the participation of our Chief Executive Officer and Chief Financial Officer, an evaluation of the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”) as of the end of the period covered by this report.
−Removed: Based upon this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that, as of August 2, 2025, our disclosure controls and procedures were designed and functioning effectively to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and (ii) accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding disclosure.
+Added: Based upon this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that, as of November 1, 2025, our disclosure controls and procedures were designed and functioning effectively to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and (ii) accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding disclosure.
In fiscal 2024, we implemented a new warehouse management system in two of our distribution centers and expect to complete a phased implementation of the system to our remaining distribution centers over the next several years.
In the second quarter of fiscal 2025, we converted an additional two distribution centers to the new system.
+Added: No distribution centers were converted during the third quarter of fiscal 2025.
+Added: In the third quarter of fiscal 2025, we implemented a new human capital management and payroll system.
We have made changes to our internal control over financial reporting to align with the functionality and updated processes associated with the new system.
−Removed: We are also updating our human capital management system and expect to implement the new system in fiscal 2025.
We will continue to monitor and modify, as needed, the design and operating effectiveness of key control activities to align with the updated business processes and capabilities of the new systems.
−Removed: In the second quarter of fiscal 2025, we completed the previously announced sale of the Family Dollar business.
−Removed: Prior to or at the closing date of the sale on July 5, 2025, we made changes to our internal controls over financial reporting to separate information technology access between the Company and Family Dollar for systems that will be shared during the transition services agreement term.
−Removed: There were no other changes in our internal control over financial reporting during the fiscal quarter ended August 2, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There were no other changes in our internal control over financial reporting during the fiscal quarter ended November 1, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II—OTHER INFORMATION
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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.