Quantitative and Qualitative Disclosures about Market Risk
−Removed: There were no material changes in our market risk exposure during the thirteen week period ended February 27, 2021.
−Removed: While the Company’s input costs are not expected to have a meaningful negative effect on results of operations and financial condition for fiscal year 2021, the Company is seeing some inflationary pressure as it analyzes its fiscal year 2022 input requirements.
+Added: There were no material changes in our market risk exposure during the thirteen week period ended May 29, 2021.
+Added: As the Company expects higher raw material and freight costs starting in the fiscal fourth quarter of 2021 and in fiscal year 2022, in June 2021 the Company’s management notified the Company’s customers of its plans to institute a price increase effective in September 2021, the first month of the Company’s fiscal year 2022.
As a result, the Company is assessing available alternatives to mitigate potential input cost inflation for fiscal year 2022.
−Removed: For a discussion of our market risks, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A of our Annual Report.
+Added: For a discussion of our market risks, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A of our Annual Report on Form 10-K.
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.