1 unchanged sentence
Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
−Removed: Our market risk exposure is primarily the result of fluctuations in interest rates.
−Removed: We continually monitor this risk and may develop strategies to manage it.
+Added: Our market risk exposure is primarily the result of fluctuations in interest rates and foreign currency exchange rates.
+Added: We continually monitor these risks and may develop strategies to manage them.
We do not hold or issue financial instruments for trading purposes.
2 unchanged sentences
Interest on our borrowings is based upon variable rates.
−Removed: As of November 1, 2025 and November 2, 2024, we had $551.7 million and $199.7 million, respectively, outstanding under our credit facilities.
−Removed: We did not have any outstanding borrowings on the credit facility as of February 1, 2025.
−Removed: A hypothetical 1% increase in interest rates on variable debt would not have a material impact on our operating income for the 39 weeks ended November 1, 2025.
+Added: As of May 2, 2026 and January 31, 2026, we had $144.9 million and $62.3 million, respectively, outstanding under our credit facilities.
+Added: We did not have any outstanding borrowings on the credit facilities as of May 3, 2025.
Foreign currency exchange rate risk
−Removed: We are exposed to risks from foreign currency exchange rate fluctuations on the translation of our foreign operations into U.S.
−Removed: dollars and on the purchase of goods by these foreign operations that are not denominated in their local currencies.
−Removed: Our exposure to foreign currency rate fluctuations is not material to our financial condition or results of operations.
+Added: We are subject to foreign currency exchange rate risks primarily through our foreign subsidiaries.
+Added: The currency effects of translating the financial statements of foreign subsidiaries are included in accumulated other comprehensive income and will not be recognized in the statement of income until there is a liquidation or sale of foreign subsidiaries.
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.