Quantitative and Qualitative Disclosures about Market Risk
−Removed: There were no material changes in our market risk exposure during the thirteen week period ended May 29, 2021.
−Removed: 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.
−Removed: 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 on Form 10-K.
+Added: There were no material changes in our market risk exposure during the thirteen week period ended November 27, 2021.
+Added: We continue to expect to experience logistics challenges in our supply chain as well as higher raw material and logistics costs in fiscal year 2022.
+Added: We instituted a price increase effective in September 2021, the first month of our fiscal year 2022, which management believes, along with productivity initiatives, will enable us to continue to invest in projects that drive growth.
+Added: We are continuing to assess available alternatives to mitigate potential input cost inflation for fiscal year 2022.
+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.
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.