24 unchanged sentences
Consequently, we must pay the contract grower for the vegetables even if we cannot or do not harvest or package them.
−Removed: Most of our production occurs during the second quarter (July through September) of our fiscal year, which corresponds with the quarter that the growing season ends for most of the produce packaged by us.
+Added: Most of our production occurs during the second quarter (July through September) of our fiscal year, which corresponds with the quarter that the majority of the produce is harvested and subsequently packaged.
A majority of our sales occur during the second and third quarters of each fiscal year due to seasonal consumption patterns for our products.
−Removed: Accordingly, inventory levels and accounts receivable levels are highest during the second and third quarters.
+Added: Accordingly, inventory levels and accounts receivable levels are generally highest during the second and third quarters.
Net sales generated during our second and third fiscal quarters have a significant impact on our results of operations.
4 unchanged sentences
The upper Midwest is the primary growing region for the principal vegetables which we pack, namely peas, green beans and sweet corn, and it is also a substantial source of our competitors’ vegetable production.
−Removed: A sizeable portion of our vegetable production areas are serviced with irrigation systems to help minimize (i) wet conditions for planting and (ii) dry conditions during the growing season.
+Added: A sizeable portion of our vegetable production areas are located in well-draining soils and are also serviced by irrigation systems to help minimize dry conditions during the growing season.
Any adverse effects of weather-related reduced production may be partially mitigated by higher selling prices for the vegetables which are produced.
8 unchanged sentences
Future economic conditions affecting consumer income such as employment levels, business conditions, interest rates, inflation and tax rates could reduce consumer spending or cause consumers to shift their spending to other products.
−Removed: Historic increases in inflation following the COVID-19 pandemic may cause consumers to be more sensitive to price changes.
+Added: Historic increases in inflation following the challenging economic landscape experienced over the past several years may cause consumers to be more sensitive to price changes.
A general reduction in the level of consumer spending or shifts in consumer spending to other products could have a material adverse effect on our growth, sales, and profitability.
−Removed: Pandemics or disease outbreaks may disrupt our business, including among other things, our supply chain, our manufacturing operations and customer and consumer demand for our products, and could have a material adverse impact on our business.
+Added: Pandemics or disease outbreaks may disrupt our business, including among other things, our supply chain, our manufacturing operations, and demand for our products, which could have a material adverse impact on our business.
The spread of pandemics or disease outbreaks may negatively affect our operations.
32 unchanged sentences
We have from time to time been involved in product liability lawsuits, none of which have been material to our business.
−Removed: While we are subject to governmental inspection and regulations and believe our facilities comply in all material respects with all applicable laws and regulations, if the consumption of any of our products causes, or is alleged to have caused, a health-related illness in the future, we may become subject to claims or lawsuits relating to such matters.
+Added: While we are subject to governmental inspection and regulations and believe our facilities comply in all material respects with all applicable laws and regulations, if the consumption of any of our products causes, or is alleged to have caused, a health-related illness, we may become subject to claims or lawsuits relating to such matters.
Even if a product liability claim is unsuccessful or is not fully pursued, the negative publicity surrounding any assertion that our products caused injury, illness or death could adversely affect our reputation with existing and potential customers and our corporate and brand image.
13 unchanged sentences
or global financial markets.
−Removed: For a more detailed description of the pension plan, refer to the information set forth under the heading “ Retirement Plans ” in Note 9 of the Notes to Consolidated Financial Statements in Part II, Item 8, “Financial Statements and Supplementary Data.” An obligation to make additional, unanticipated contributions to our defined benefit plans could reduce the cash available for working capital and other corporate uses and may have a material adverse effect on our business, financial condition, results of operations and liquidity.
+Added: For a more detailed description of the pension plan, refer to the information set forth under the heading “ Retirement Plans ” in Note 10 of the Notes to Consolidated Financial Statements in Part II, Item 8, “Financial Statements and Supplementary Data.” An obligation to make additional, unanticipated contributions to our defined benefit plans could reduce the cash available for working capital and other corporate uses and may have a material adverse effect on our business, financial condition, results of operations or liquidity.
Our business is dependent on our information technology systems and software, and failure to protect against or effectively respond to cyberattacks, security breaches, or other incidents involving those systems, could adversely affect day-to-day operations and decision making processes and have an adverse effect on our performance and reputation.
25 unchanged sentences
At the end of March 2026, we had roughly 2,995 employees of which approximately 2,900 were full-time and approximately 95 seasonal employees worked in food packaging.
−Removed: During the peak summer harvest period, we employed an additional approximately 4,010 seasonal employees to help package fruit and vegetables.
+Added: During the peak summer harvest period, we employed an additional approximately 4,015 seasonal employees to help package fruits and vegetables.
If there is a shortage of seasonal labor, or if there is an increase to minimum wage rates, this could have a negative impact on our cost of operations.
11 unchanged sentences
Climate change serves as a risk multiplier increasing both the frequency and severity of natural disasters that may affect our business operations.
−Removed: Moreover, there has been a broad range of proposed and promulgated state, national and international regulation aimed at reducing the effects of climate change.
−Removed: Such regulation could result in additional costs in the form of taxes, consultant costs, the restriction of output, investments of capital to maintain compliance with laws and regulations, or required acquisition or trading of emission allowances.
+Added: Moreover, there has been a broad range of proposed and promulgated state, national and international regulations aimed at reducing the effects of climate change.
+Added: Such regulations could result in additional costs in the form of taxes, consultant costs, the restriction of output, investments of capital to maintain compliance with laws and regulations, or required acquisition or trading of emission allowances.
Disclosure requirements imposed by different regulators may not always be uniform, which may result in increased complexity, increased compliance costs, and other compliance-related risks.
8 unchanged sentences
In collaboration with other can makers as well as enamel suppliers, we have aggressively worked to find alternative materials for can linings not manufactured using BPA.
−Removed: We have fully transitioned to BPA Non-Intent (“BPANI”) for our canned product volume.
+Added: We have fully transitioned to BPA Non-Intent (“BPANI”) for all food contact surfaces of our canned product volume.
Even though BPANI has been fully approved by the Food and Drug Administration (“FDA”), there could be future legislative or regulatory actions that claim BPANI also poses a risk to human health.
15 unchanged sentences
Specific products within our portfolio could be impacted resulting in the need to modify our ingredient composition or develop alternative color additives.
+Added: Such modifications and suitable alternatives may prove challenging to identify and integrate while still being agreeable with consumer preferences.
To remain competitive, we must anticipate and react to these trends and preferences.
3 unchanged sentences
Unfavorable economic conditions, including the impact of recessions in the United States and throughout the world, may negatively affect our business and financial results.
−Removed: These economic conditions could negatively impact (i) consumer demand for our products, (ii) the mix of our products’ sales, (iii) our ability to collect accounts receivable on a timely basis, (iv) the ability of suppliers to provide the materials required in our operations and (v) our ability to obtain financing or to otherwise access the capital markets.
+Added: Although historically the Company's business has benefited in times of economic downturn, certain conditions could negatively impact (i) consumer demand for our products, (ii) the mix of our products’ sales, (iii) our ability to collect accounts receivable on a timely basis, (iv) the ability of suppliers to provide the materials required in our operations and (v) our ability to obtain financing or to otherwise access the capital markets.
The strength of the U.S.
3 unchanged sentences
Certain of our raw materials, namely steel, are subject to import tariffs and other restrictions, and the United States government may periodically impose new or revise existing duties, quotas, tariffs or other restrictions to which we are subject.
+Added: The global economic environment continues to face widespread uncertainties and while we have not been impacted directly by ongoing foreign conflicts, we are monitoring the effects on the broader economy, including on the availability and price of commodities used in or for the production of our products.
The occurrence of any of these risks could materially and adversely affect our business, financial condition and results of operations.
5 unchanged sentences
Significant changes in our business or cash outflows from operations could create a need for additional working capital.
−Removed: An inability to obtain additional working capital on terms reasonably acceptable to us or access the Revolver would materially and adversely affect our operations.
−Removed: Additionally, if we need to use a portion of our cash flows to pay principal and interest on our debt, it will reduce the amount of money we have for operations, working capital, capital expenditures, expansions, acquisitions or general corporate or other business activities.
+Added: An inability to obtain additional working capital on terms reasonably acceptable to us or to access the Revolver would materially and adversely affect our operations.
+Added: Additionally, if we need to use a portion of our cash flows to pay principal and interest on our debt, it will reduce the amount of capital we have for operations, working capital, capital expenditures, expansions, acquisitions or general corporate or other business activities.
+Added: The Company also has a Receivables Purchase Program that can be used to manage short-term liquidity and provide working capital flexibility in a cost-effective manner, as needed.
Failure to comply with the requirements of our debt agreements could have a material adverse effect on our business.
42 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.