9 unchanged sentences
Inflationary factors such as increases in the cost of our products and overhead costs may adversely affect our operating results.
−Removed: We experienced increased costs in many aspects of our business during fiscal 2024 and fiscal 2023.
−Removed: In fiscal 2023, we implemented price increases on many of our products.
−Removed: Our price increases were an effort to mitigate the effect of higher costs.
−Removed: We expect inflationary pressures to lessen in fiscal 2025.
−Removed: 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.
+Added: We have experienced increased costs in many aspects of our business due to the historic high rates of inflation in recent years.
+Added: Beginning in fiscal 2023, we have implemented price increases on many of our products in an effort to mitigate the effect of higher costs.
+Added: We expect inflationary pressures to continue in fiscal 2026.
+Added: See our “Risk Factors Relating to the Operation of our Business” and “Risk Factors Relating to the Economy and the Apparel Industry” contained under “Risk Factors.”
Interest Rate Exposure
1 unchanged sentence
We borrow under this credit facility to support general corporate purposes, including capital expenditures and working capital needs.
−Removed: Federal Reserve Board increased interest rates several times in fiscal 2024.
−Removed: It is unclear whether the Federal Reserve will reduce interest rates or maintain the current high rates in fiscal 2025.
−Removed: Additional increases in interest rates, or the continuation of the current high rates, by the Federal Reserve will result in increases in our interest expense under our ABL Credit Agreement.
−Removed: We had nominal borrowings under our ABL Credit Agreement during the year ended January 31, 2024.
−Removed: 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: Federal Reserve Board increased interest rates several times in fiscal 2024 and began to decrease interest rates in fiscal 2025.
+Added: It is unclear whether the Federal Reserve will reduce, increase or maintain the current interest rates in fiscal 2026.
+Added: Additional increases in interest rates, or the continuation of the current rates, by the Federal Reserve will result in increases in our interest expense under our ABL Credit Agreement.
+Added: The Federal Reserve began to reduce interest rates in fiscal 2025.
+Added: Based on our borrowings under our ABL Credit Agreement during the year ended January 31, 2025, our incremental interest expense would have increased by approximately $0.2 million if our borrowing rates remained at their highest level during fiscal 2025.
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.