4 unchanged sentences
Factors that affect the price of commodities are generally outside of our control and include raw material inputs, geopolitical events, weather conditions, currency markets and global supply and demand dynamics, among other items.
−Removed: In order to minimize the impact of fluctuations in price and availability, we monitor the primary commodities we purchase and may enter into purchasing contracts and pricing arrangements when considered to be advantageous.
+Added: In an effort to minimize the impact of fluctuations in price and availability, we monitor the primary commodities we purchase and may enter into purchasing contracts and pricing arrangements when considered to be advantageous.
St ructured programs within our organization exist to mitigate adverse impacts and proactively direct risk management strategies across our portfolio of key products, services and energy platforms.
3 unchanged sentences
As of December 29, 2024 and December 31, 2023, we had a total of $313.8 million and $309.4 million, respectively, in outstanding borrowings under o ur 2023 Term Loan and 2023 Revolver Facility, excluding unamortized debt discount and deferred issuance costs.
−Removed: Debt for individual balances for our 2023 Term Loan and 2023 Revolver Facility.
+Added: Debt for individual balances for our 2023 Term Loan and 2023 Revolver Facility as of December 29, 2024 .
Based on the terms of the 2023 Credit Agreement, as of December 29, 2024, a change of one hundred basis points in the applicable interest rate would cause an increase or decrease in interest expense of approximately $3.1 million on an annual basis.
2 unchanged sentences
Whether that pressure originates from commodity costs, labor expenses, energy or transportation, this can have a material influence on restaurant margins.
−Removed: Several strategies are employed to combat the ongoing inflationary pressures, including improvement to restaurant operating efficiencies, strategic menu price increases and supplier partner engagement via pricing programs.
+Added: Several strategies are employed to combat the ongoing inflationary pressures, including improvement to restaurant operating efficiencies, strategic menu price increases and supplier partner engagement via pricing programs or continuous improvement initiatives.
A well-balanced portfolio of varying risk management approaches related to supplier partner management assists in ensuring varying degrees of cost mitigation.
These platforms vary from long-term, fixed price agreements to commodity market-based indexed pricing programs.
−Removed: While we have historically been able to partially offset inflation and other changes in operating expenses through productivity improvements, strategic menu prices increases and more efficient sourcing practices, there can be no assurance that we will be able to continue to do so in the future.
In addition, a portion of the leases for our restaurants provide for contingent rent obligations based on a percentage of sales.
8 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.