5 unchanged sentences
Currently we do not use financial instruments to hedge our commodity risk.
−Removed: The Company’s market basket experienced cost inflation of 320 basis points in 2024.
−Removed: We expect a high-single digit percentage increase in our 2025 commodity prices as compared to the prior year.
−Removed: In 2024, we have negotiated annual pricing for approximately 30% of our market basket.
+Added: Our market basket experienced cost inflation of 5% in 2025.
+Added: We expect a 1% to 3% increase in our 2026 commodity prices as compared to the prior year.
+Added: In 2026, we expect that we will negotiate annual pricing for approximately 30% of our market basket.
Other commodities are purchased based upon price ranges established with vendors and are subject to fixed prices or fixed formulas for 30-to-90 day periods.
3 unchanged sentences
On June 23, 2023, we entered into a variable-to-fixed interest rate swap agreement with two financial institutions to hedge $90 million of the outstanding variable rate debt.
−Removed: Under the terms of the interest rate swap agreements, the Company will pay a weighted average fixed rate of 4.16% on the notional amount and will receive payments from the counterparties based on the three-month secured overnight financing rate.
−Removed: On May 17, 2024, the Company entered into two additional variable-to-fixed interest rate swaps.
+Added: Under the terms of these interest rate swap agreements, we will pay a weighted average fixed rate of 4.16% on the notional amount and will receive payments from the counterparties based on the three-month secured overnight financing rate.
+Added: On May 17, 2024, we entered into two additional variable-to-fixed interest rate swaps.
These interest rate swaps have an aggregate notional amount of $60 million and mature on June 30, 2027.
−Removed: Under the terms of the interest rate swaps, the Company will pay a weighted average fixed rate of 4.42% on the notional amount and will receive payments from the counterparties based on the three-month secured overnight financing rate.
+Added: Under the terms of these interest rate swaps, we will pay a weighted average fixed rate of 4.42% on the notional amount and will receive payments from the counterparties based on the three-month secured overnight financing rate.
Refer to Note 10, Debt, and Note 11, Interest Rate Swaps , in the accompanying notes to the consolidated financial statements included in Item 8 of Part II of this Annual Report on Form 10-K for more information.
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.