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Inflationary factors such as increases in the cost of our products and overhead costs may adversely affect our operating results.
−Removed: Although we do not believe that inflation has had a material impact on our financial position or results of operations in recent periods, our business could be impacted by continued or increasing inflation in future periods.
+Added: We experienced increased costs in many aspects of our business during fiscal 2023.
+Added: We implemented price increases on many of our products.
+Added: Our price increases were an effort to mitigate the effect of higher costs.
+Added: We expect inflationary pressures to continue to impact our business throughout fiscal 2024.
See our “Risk Factors Relating to the Operation of our Business” and “Risk Factors Relating to the Economy and the Apparel Industry” contained in Item 1A – Risk Factors of this Annual Report on Form 10-K.
2 unchanged sentences
We borrow under this credit facility to support general corporate purposes, including capital expenditures and working capital needs.
−Removed: Interest rates are expected to increase in fiscal 2023.
−Removed: Federal Reserve Board recently increased interest rates for the first time since 2018.
−Removed: It is expected to approve additional increases in the interest rate in fiscal 2023.
+Added: Federal Reserve Board increased interest rates multiple times in fiscal 2023 and is expected to approve additional
+Added: increases in the interest rate in fiscal 2024.
These increases in interest rates by the Federal Reserve will result in increases in our interest expense under our ABL Credit Agreement.
−Removed: Although we had no borrowings under our ABL Credit Agreement during the year ended January 31, 2022, we estimate that each 100 basis point increase in our borrowing rates would result in additional interest expense to us of approximately $1 million for each $100 million outstanding our ABL Credit Agreement.
+Added: Based on the outstanding balance of our ABL Credit Agreement during the year ended January 31, 2023, we estimate that each 100 basis point increase in our borrowing rates would result in additional interest expense to us of approximately $1 million for each $100 million outstanding our ABL Credit Agreement.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
2 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.