Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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. As a result, we no longer have material market risk associated with marketable equity securities or the interest-rate swap. At July 4, 2026, we had approximately $273.5 million of variable-rate borrowings. 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. There were no other material changes in the Company’s market-risk exposure described in Part II, Item 7Aof our 2025 Form 10-K.
28
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.