What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2022-11-02 compared with 2022-05-04 · 33 added, 7 removed, 16 unchanged (71% of the section changed)

3 unchanged sentences

INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes in our internal control over financial reporting during the thirteen week period ended March 30, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

There were no changes in our internal control over financial reporting during the thirteen week period ended September 28, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

FORWARD-LOOKING STATEMENTS

8 unchanged sentences

Among the factors that could cause actual results to differ materially are:

disruptions from COVID-19 pandemic, the impact of competition, changes in consumer preferences, consumer perception of food safety, reduced disposable income, unfavorable publicity, increased minimum wages, governmental regulations, the Company’s ability to meet its business strategy plan, third party delivery risks, loss of key management personnel, failure to hire and retain high-quality restaurant management, the impact of social media, failure to protect the security of data of our guests and team members, product availability, regional business and economic conditions, litigation, franchisee success, changes in interest rates due to phase out of LIBOR, downgrades in our credit ratings, inflation, changes in the retail industry, technology failures, failure to protect our intellectual property, outsourcing, impairment of goodwill or assets, failure to maintain effective internal control over financial reporting, actions of activist shareholders, adverse weather conditions, terrorist acts, health epidemics or pandemics (such as COVID-19), tax reform, changes in financial and credit markets, inadequate insurance coverage and limitations imposed by our credit agreements.

It is possible that there could be a material adverse impact on our revenues, results of operations and cash flows in connection with COVID-19.

Lack of continued public acceptance of the COVID-19 vaccines and boosters, their on-going efficacy and emergence of new variants of COVID-19 could have adverse effects on the situation.

Therefore, additional impacts to the business may arise that we are not aware of currently.

We cannot predict whether, when or the manner in which the conditions surrounding COVID-19 will change, including the duration or re-emergence of restrictions and dining room closure requirements, staffing levels for reopened dining rooms, supply chain disruptions and customer re-engagement with our brands.

the impact of general economic conditions, including inflation, on economic activity and on our operations;

the impact of the COVID-19 pandemic, the crisis in Ukraine and related disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, our and our partners’ supply chains, operations, technology and assets, and our financial performance;

the impact of competition;

changes in consumer preferences;

consumer perception of food safety;

reduced consumer discretionary spending;

unfavorable publicity;

governmental regulations;

the Company's ability to meet its business strategy plan;

loss of key management personnel;

failure to hire and retain high-quality restaurant management and team members;

the impact of social media or other unfavorable publicity;

reliance on technology and third party delivery providers;

failure to protect the security of data of our guests and team members;

product availability and supply chain disruptions;

regional business and economic conditions;

volatility in consumer, commodity, transportation, labor, currency and capital markets;

franchisee success;

technology failures;

failure to protect our intellectual property;

impairment of goodwill or assets;

failure to maintain effective internal control over financial reporting;

downgrades in credit ratings;

changes in estimates regarding our assets;

actions of activist shareholders;

failure to comply with new environmental, social and governance (ESG) requirements;

failure to achieve any goals, targets or objectives with respect to ESG matters;

adverse weather conditions;

terrorist acts;

health epidemics or pandemics (such as COVID-19);

inadequate insurance coverage and limitations imposed by our credit agreements

OTHER INFORMATION

LEGAL PROCEEDINGS

Information regarding legal proceedings is incorporated by reference from Note 14 - Contingencies to the Notes to Consolidated Financial Statements (Unaudited) set forth in Part I, Item 1 of this Form 10-Q report.

Information regarding legal proceedings is incorporated by reference from Note 13 - Contingencies in the Notes to Consolidated Financial Statements (Unaudited) set forth in Part I, Item 1 of this Form 10-Q report.

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.

What changed 10-Q

Item 4. Controls and Procedures