Owned Properties
−Removed: The Company owns 175 of its supermarkets either as free-standing locations or in shopping centers owned by the Company where it is the anchor tenant.
+Added: The Company owns the real property for 174 of its supermarkets (including the three temporarily closed stores), either as free-standing stores or as the anchor tenant in a Company-owned shopping center.
The Company also owns 29 undeveloped sites which are suitable for a free-standing store or shopping center development.
1 unchanged sentence
Real estate owned by the Company is generally located in the same geographic regions as its supermarkets.
−Removed: All of the Company’s shopping center rental operations are part of the Company’s “other” segment.
+Added: The Company’s shopping center rental operations are part of the Company’s “all other” segment.
See Note 1 to the Consolidated Financial Statements contained in this Annual Report on Form 10-K.
9 unchanged sentences
The Company also owns a 139,000 square foot warehouse on 21 acres of land approximately one mile from its main warehouse and distribution facility.
−Removed: The Company’s milk processing and packaging subsidiary, Milkco, Inc., which did not sustain physical damage as a result of Hurricane Helene, owns a 140,000 square foot manufacturing and storage facility in Asheville, North Carolina.
+Added: The Company’s milk processing and packaging subsidiary, Milkco, Inc., owns a 140,000 square foot manufacturing and storage facility in Asheville, North Carolina.
In addition to the plant, the 20-acre property includes truck cleaning and fuel storage facilities.
−Removed: However, the water outage and ban on water usage, which was not lifted until November 2024, did impact operations and will have an impact on results for the first quarter of fiscal year 2025.
+Added: While our manufacturing and storage facility did not sustain physical damage as a result of Hurricane Helene, the water outage and ban on water usage, which was not lifted until November 2024, impacted operations and results for the first quarter of fiscal year 2025.
Certain long-term debt of the Company is secured by the owned properties.
2 unchanged sentences
The Company operates supermarkets at 23 locations leased from various unaffiliated third parties.
−Removed: The Company has six owned store buildings that are on ground leases.
+Added: The Company has five owned store buildings that are on ground leases.
The Company leases one other former supermarket location, which is subleased to a third party.
16 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.