1 unchanged sentence
Its sustainability strategy operates under four key pillars:
−Removed: green design, natural resource conservation, food and agricultural impact and community impact.
−Removed: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment, which also serves to increase the Company’s efficiency.
−Removed: The Company continues to be a member of the EPA GreenChill program for advancing environmentally beneficial refrigerant management systems.
−Removed: The Company currently has fifteen stores certified under this program and plans to expand this program to more stores.
−Removed: Since 2017, the Company has replaced 96% of its stores fluorescent lighting with more energy efficient and environmentally friendly LED lighting.
−Removed: The Company continues to emphasize recycling in all areas, diverting approximately 40 thousand tons of waste from landfills annually.
−Removed: These statistics and more can be found in the Company’s most recently published sustainability report, linked below in Item 7.
+Added: natural resource conservation, green design, community impact, and food and agricultural impact.
+Added: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment, which also serves to increase the Company’s efficiency and benefit the communities in which it operates.
+Added: The Company adheres to comprehensive refrigerant management ( or strict refrigeration maintenance) standards to proactively reduce refrigerant gas leak rates and continues to refine its food donation and diversion practices.
+Added: More information can be found in the Company’s most recently published sustainability report, linked below in Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
2 unchanged sentences
The Company’s principal competition consists of international, national, regional and local food chains, as well as independent food stores.
−Removed: The Company also faces substantial competition from convenience stores, membership warehouse clubs, specialty retailers, supercenters and large-scale drug and pharmaceutical chains.
+Added: The Company also faces substantial competition from convenience stores, membership warehouse clubs, specialty retailers, supercenters and large-scale drug and pharmacy chains.
This competition is augmented by the food retail industry’s expansion into the online market in recent years.
10 unchanged sentences
The Company will continue to assess and upgrade underlying technologies to support human capital development as a strategic imperative for future growth.
−Removed: The Company currently employs approximately 22,000 full-time and part-time employees.
+Added: The Company currently employs over 22,000 full-time and part-time employees.
Approximately 94% of Weis Markets employees are paid an hourly wage.
5 unchanged sentences
The Company maintains a corporate web site at www.weismarkets.com/investor-relations.
−Removed: The Company makes available, free of charge, on the “Investor Relations” page of its web site, its Annual Reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable after the Company electronically files such
−Removed: WEIS MARKETS, INC.
−Removed: material or furnishes it to the U.S.
+Added: The Company makes available, free of charge, on the “Investor Relations” page of its web site, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable after the Company electronically files such material or furnishes it to the U.S.
Securities and Exchange Commission (SEC) by clicking on the SEC information link.
−Removed: The Company’s Corporate Governance materials can be found on the “Governance” page of its web site.
+Added: WEIS MARKETS, INC.
+Added: The Company’s Corporate Governance materials can be found on the “Corporate Governance” page of its web site.
These materials include the Corporate Governance Guidelines;
28 unchanged sentences
WEIS MARKETS, INC.
−Removed: Risk Factors:
−Removed: uncertainties, including, without limitation, the possibility of imprecise assumptions underlying expectations regarding potential synergies and the integration process, unforeseen expenses and delays diverting Management’s time and attention and competitive factors in the marketplace.
−Removed: 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 operations and liquidity.
−Removed: The Company’s marketable securities consist of corporate and municipal bonds, commercial paper and equity securities.
−Removed: These investments are subject to general credit, liquidity, market and interest rate risks.
−Removed: 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 financial condition and results of operations.
−Removed: Unexpected factors affecting self-insurance claims and reserve estimates could adversely affect the Company.
−Removed: The Company uses a combination of insurance and self-insurance to provide for potential liabilities for workers’ compensation, general liability, vehicle accident, property and employee medical benefit claims.
−Removed: 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.
−Removed: Any projection of losses concerning workers’ compensation and general liability is subject to a high degree of variability.
−Removed: 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.
−Removed: Information Security, Cybersecurity and Data Privacy Risks
−Removed: Disruptions or cybersecurity breaches in the Company’s information technology systems could adversely affect results of operations.
−Removed: The Company’s business is highly dependent on complex information technology systems that are vital to its continuing operations.
−Removed: 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.
−Removed: Additionally, these systems contain valuable proprietary data as well as receipt and storage of personal information about its employees and customers, in particular electronic payment data and personal health information that, if breached, would have an adverse effect on the Company.
−Removed: Such an occurrence could adversely affect the Company’s reputation with its customers, employees, and vendors, as well as the Company’s financial condition, results of operations, and liquidity with potential litigation against the Company or the imposition of penalties.
−Removed: The techniques and sophistication used in breach information technology systems and the rapid evolution and increased adoption of artificial intelligence technologies may intensify the Company’s cyber security risks.
−Removed: Supply Chain and Third-Party Risks
−Removed: The Company is affected by certain operating costs which could increase or fluctuate considerably, and other potential disruptions.
−Removed: Employee 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.
−Removed: It also affects the costs of its suppliers, which impacts its cost of goods.
−Removed: Additionally, disruptions to the Company’s distribution of food products pose significant risks to the Company's operations.
−Removed: Various factors such as extreme weather conditions, food and drug safety, health epidemics or pandemics, and civil unrest could all contribute to such disruptions.
−Removed: WEIS MARKETS, INC.
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.