Risk Factors:
+Added: The Company’s investment portfolio may suffer losses from changes in market interest rates and changes in market conditions which could adversely affect results of income or liquidity.
+Added: The Company’s marketable securities consist of corporate and municipal bonds, commercial paper and equity securities.
+Added: These investments are subject to general credit, liquidity, market and interest rate risks.
+Added: As a result, the Company may experience a reduction in value or loss of liquidity from investments, which may have a negative impact on the Company’s results of operations, liquidity and financial condition.
+Added: Unexpected factors affecting self-insurance claims and reserve estimates could adversely affect the Company.
+Added: The Company uses a combination of insurance and self-insurance to provide for potential liabilities for workers’ compensation, general liability, vehicle accident, property and associate medical benefit claims.
+Added: Management estimates the liabilities associated with the risks retained by the Company, in part, by considering historical claims experience, demographic and severity factors and other actuarial assumptions which, by their nature, are subject to a high degree of variability.
+Added: Any projection of losses concerning workers’ compensation and general liability is subject to a high degree of variability.
+Added: Among the causes of this variability are unpredictable external factors affecting future inflation rates, litigation trends, legal interpretations, benefit level changes and claim settlement patterns.
+Added: Information Security, Cybersecurity and Data Privacy Risks
+Added: Disruptions or cybersecurity breaches in the Company’s information technology systems could adversely affect results.
+Added: The Company’s business is highly dependent on complex information technology systems that are vital to its continuing operations.
+Added: If the Company was to experience difficulties maintaining existing systems or implementing new systems, significant losses could be incurred due to disruptions in its operations.
+Added: Additionally, these systems contain valuable proprietary data as well as receipt and storage of personal information about its associates and customers, in particular electronic payment data and personal health information that, if breached, would have an adverse effect on the Company.
+Added: Such an occurrence could adversely affect the Company’s reputation with its customers, associates, and vendors, as well as the Company’s operations, results of operations, financial condition and liquidity, and could result in litigation against the Company or the imposition of penalties.
Supply Chain and Third-Party Risks
1 unchanged sentence
Associate expenses contribute to the majority of the Company’s operating costs.
−Removed: The Company's financial performance is potentially affected by increasing wage and benefit costs, a competitive labor market, regulatory wage increases and the risk of unionized labor disruptions of its non-union workforce.
−Removed: The Company's profit is particularly sensitive to the cost of oil.
−Removed: Oil prices directly affect the Company's product transportation costs, as well as its utility and petroleum-based supply costs.
+Added: The Company’s financial performance is potentially affected by increasing wage and benefit costs, a competitive labor market, regulatory wage increases and the risk of unionized labor disruptions of its non-union workforce.
+Added: The Company’s profit is particularly sensitive to the cost of oil.
+Added: Oil prices directly affect the Company’s product transportation costs, as well as its utility and petroleum-based supply costs.
It also affects the costs of its suppliers, which impacts its cost of goods.
−Removed: Changes in vendor promotions or allowances, including the way vendors target their promotional spending, and the Company's ability to effectively manage these programs could significantly impact margins and profitability.
+Added: Changes in vendor promotions or allowances, including the way vendors target their promotional spending, and the Company’s ability to effectively manage these programs could significantly impact margins and profitability.
The Company cooperatively engages in a variety of promotional programs with its vendors.
2 unchanged sentences
A reduction in overall promotional spending or a shift by vendors in promotional spending away from certain types of promotions that the Company and its customers have historically utilized could have a significant impact on profitability.
+Added: WEIS MARKETS, INC.
+Added: Risk Factors:
Legal, Regulatory and Other External Risks
13 unchanged sentences
Changes in tax laws may result in higher income tax.
−Removed: The Company's future effective tax rate may increase from current rates due to changes in laws and the status of pending items with various taxing authorities.
+Added: The Company’s future effective tax rate may increase from current rates due to changes in laws and the status of pending items with various taxing authorities.
Currently, the Company benefits from a combination of its corporate structure and certain state tax laws.
20 unchanged sentences
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.