4 unchanged sentences
Although we enter into arrangements in an effort to mitigate the price volatility of food costs, there are no established fixed price markets for fresh bone-in chicken wings, so we may be subject to prevailing market conditions.
−Removed: Bone-in chicken wings accounted for approximately 18.9% and 15.8% of our company-owned restaurant cost of sales during the twenty-six weeks ended June 29, 2024 and July 1, 2023, respectively.
−Removed: A hypothetical 10% increase in the bone-in chicken wing costs would have increased costs of sales by approximately $0.8 million during the twenty-six weeks ended June 29, 2024.
+Added: Bone-in chicken wings accounted for approximately 19.5% and 16.2% of our company-owned restaurant cost of sales during the thirty-nine weeks ended September 28, 2024 and September 30, 2023, respectively.
+Added: A hypothetical 10% increase in the bone-in chicken wing costs would have increased costs of sales by approximately $1.3 million during the thirty-nine weeks ended September 28, 2024.
We do not engage in speculative financial transactions nor do we hold or issue financial instruments for trading purposes.
Interest Rate Risk.
−Removed: Our long-term debt, including current portion, consisted entirely of the $720.9 million incurred under the 2020 Class A-2 Notes and the 2022 Class A-2 Notes as of June 29, 2024 (excluding unamortized debt issuance costs).
+Added: Our long-term debt, including current portion, consisted entirely of the $720.9 million incurred under the 2020 Class A-2 Notes and the 2022 Class A-2 Notes as of September 28, 2024 (excluding unamortized debt issuance costs).
The Company’s predominantly fixed-rate debt structure has reduced its exposure to interest rate increases that could adversely affect its earnings and cash flows, but the Company remains exposed to changes in market interest rates reflected in the fair value of the debt and to the risk that the Company may need to refinance maturing debt with new debt at a higher rate.
The Company is exposed to interest rate increases under the 2022 Variable Funding Notes;
−Removed: however, the Company had no outstanding borrowings under its 2022 Variable Funding Notes as of June 29, 2024.
+Added: however, the Company had no outstanding borrowings under its 2022 Variable Funding Notes as of September 28, 2024.
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.