12 unchanged sentences
Our international office in Hong Kong incurs a small portion of our operational expenses in its local currency, which are subject to foreign currency translation risk.
+Added: During 2021, Income (loss) from operations would have decreased or increased by approximately $2 million if all foreign currencies uniformly weakened or strengthened 10% relative to the U.S.
+Added: dollar, holding other variables constant, including sales volume.
+Added: The effect of a uniform movement of all currencies by 10% is provided to illustrate a hypothetical scenario and related effect on operating income.
+Added: Actual results will differ as foreign currencies may move in uniform or different directions and in different magnitudes.
INTEREST RATE RISK
6 unchanged sentences
Changes in interest rates affect the interest income we earn, and therefore impact our cash flows and results of operations.
+Added: Inflation has an impact on food, paper, construction, utility, labor, rent, and other costs which materially impact operations.
+Added: Severe increases in inflation could have an adverse impact on our business, financial condition and results of operations.
+Added: If several of the various costs in our business experience inflation at the same time, we may not be able to adjust prices to sufficiently offset the effect of the various cost increases without negatively impacting consumer demand.
Shake Shack Inc.
1 unchanged sentence
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.