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What changed 10-Q
Item 1. Legal Proceedings
2023-05-03 compared with 2023-02-01 · 1 added, 2 removed, 8 unchanged (27% of the section changed)
5 unchanged sentences
These claims have increased since the advent of COVID-19 and can be attributed in part to decreases in salon revenue causing franchisees to fail to pay rent or cease operations.
−Removed: The Company has incurred judgments and settled these lawsuits and claims.
+Added: The Company has incurred judgments and settled some lawsuits and claims, and others remain pending.
Litigation is inherently unpredictable, and the outcome of these matters cannot presently be determined.
Although the actions are being vigorously defended, in the future, the Company could incur judgments or settle claims that could have a material adverse effect on its results of operations in any particular period.
−Removed: 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.