2 unchanged sentences
Our market risk exposure is primarily the result of fluctuations in interest rates.
+Added: We continually monitor this risk and may develop strategies to manage it.
We do not hold or issue financial instruments for trading purposes.
2 unchanged sentences
Interest on our borrowings is based upon variable rates.
−Removed: We had $195.4 million outstanding on the credit facility as of October 28, 2023.
−Removed: We did not have any outstanding borrowings on the credit facility as of January 28, 2023 and October 29, 2022.
−Removed: A hypothetical 1% increase in interest rates on variable rate debt would have increased interest expense for the 39 weeks ended October 28, 2023 by approximately $0.04 million.
+Added: We did not have any outstanding borrowings on the credit facility as of May 4, 2024, February 3, 2024, and April 29, 2023.
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.