1 unchanged sentence
The Company is a defendant in various lawsuits and claims arising out of the normal course of business.
−Removed: Like certain other franchisors, the Company has been faced with allegations of franchise regulation and agreement violations.
−Removed: Additionally, because the Company may be the tenant under a master lease for a location subleased to a franchisee, the Company faces allegations of non-payment of rent and associated charges.
−Removed: Further, similar to other large retail employers, the Company has been faced with allegations of purported class-wide consumer and wage and hour violations (See Note 5 to the unaudited Condensed Consolidated Financial Statements ) .
+Added: Like certain other franchisors, the Company currently faces, and in the past has faced, allegations of franchise regulation violations, breach of franchise agreements, fraud and unfair or deceptive trade practices.
+Added: These claims have increased following the Company's franchising of its company-owned locations.
+Added: Additionally, the Company currently faces, and in the past has faced, allegations of non-payment of rent and associated charges pursuant to leases in which the Company is the tenant under a master lease for a location subleased to a franchisee.
+Added: These claims have increased since the advent of COVID-19 and can be attributed in part to decreases in salon revenue.
+Added: The Company has incurred judgments and entered into settlements of these lawsuits and claims.
Litigation is inherently unpredictable, and the outcome of these matters cannot presently be determined.
Although the actions are being vigorously defended, the Company could in the future, incur judgments or enter into settlements of claims that could have a material adverse effect on its results of operations in any particular period.
+Added: There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
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.