QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: There were no material changes in the Company’s exposure to market risk during the thirteen weeks ended April 4, 2026.
−Removed: The Company remains exposed to market risk associated with changes in interest rates, fuel prices, insurance costs and foreign currency exchange rates.
−Removed: For additional information regarding the Company’s exposure to market risk, refer to Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
+Added: During the twenty-six weeks ended July 4, 2026, we sold our remaining marketable equity securities, repaid the Real Estate Facility and settled the related interest-rate swap.
+Added: As a result, we no longer have material market risk associated with marketable equity securities or the interest-rate swap.
+Added: At July 4, 2026, we had approximately $273.5 million of variable-rate borrowings.
+Added: Assuming those borrowings remained constant for a full year, a hypothetical 100-basis-point increase in interest rates would increase annual interest expense by approximately $2.7 million.
+Added: There were no other material changes in the Company’s market-risk exposure described in Part II, Item 7Aof our 2025 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.