Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Feb 20, 2025. A box jumps to the paragraph as filed, below.
9 paragraphs in Risk Factors of the 10-K filed Feb 19, 2026 with nothing like them in the 10-K filed Feb 20, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Product recalls or other product liability claims could materially and adversely affect us.
Selling products for human and pet consumption involves inherent legal and other risks, including product contamination, spoilage, product tampering, allergens, or adulteration. In the ordinary course of our business, we have recalled and may continue to recall products due to suspected or confirmed product adulteration, misbranding, tampering or other quality deficiencies. Product recalls or market withdrawals could result in significant losses due to their costs, destruction of product, and lost sales. Recalls can also negatively
affect consumer confidence in the safety and quality of the products we sell and could damage our reputation and disrupt our supply chain and the relations with our suppliers.
relating to nutritional or therapeutic value or structure or function claims. States may also narrow their laws on the sale of CBD products in their states to conform to new federal laws.
Advertising and Product Claims Risks. In connection with the marketing and advertisement of products we sell, we could be the target of claims relating to false or deceptive advertising, including under the oversight of the FTC and pursuant to the FTC Act and consumer protection statutes of some states. Further, state governments and private plaintiffs target food, drug, and cosmetic retailers and manufacturers for false and misleading advertising and product compliance, including but not limited to natural, organic and GMO claims and statements, which could materially and adversely affect our reputation and profitability and cause consumers to lose confidence in the quality and safety of our products. The cost of defending against any such claims could be significant.
Ecommerce Platform. Our online order ecommerce platform is subject to the same laws and regulations as our retail operations. Product statements made on our website must be in accordance with labeling requirements.
predecessors’ past or present facilities and at third-party waste disposal sites, regardless of our knowledge of, or responsibility for, such contamination, and such costs may exceed our environmental liability insurance coverage.
There is no guarantee that our common stock will appreciate in value or even maintain the price at which our stockholders have purchased their shares. If our operating results or outlook fall below the
return on their investment. As a result, investors seeking cash dividends should not purchase our common stock.
New in the latest 10-Q
7 paragraphs in the 10-Q filed Oct 28, 2026 with nothing like them in the 10-Q filed Jul 29, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
(Former name, former address and former fiscal year, if changed since last report)
Read in the 10-Q
(2) Increase primarily attributable to the Company's 2025 loyalty program implementation and program growth
Read in the 10-Q
satisfied prior to the end of the reporting period or would be satisfied if the end of the reporting period were the end of the related performance period, and if the effect would be dilutive.
Read in the 10-Q
Our PSAs are awarded subject to the Company achieving certain earnings before interest and taxes (“EBIT”) performance targets for the fiscal year two years subsequent to the year of issuance. In accordance with ASC 718 Compensation-Stock Compensation, the Company evaluates the probability of achieving the EBIT performance targets (and increments of the range thereof) at issuance and at each subsequent reporting period, based on the Company’s then-current forecast of EBIT for the relevant performance year, and the
Read in the 10-Q
cumulative expense is recorded over the three-year service period according to the amount expected to be realized.
Read in the 10-Q
As of September 27, 2026 September 28, 2025 (in thousands) Options Vested 532 544 Unvested 194 213 RSUs 518 430 PSAs 260 306
Read in the 10-Q
The thirteen weeks ended September 27, 2026 were characterized by headwinds from the disruption caused by the cyclospora outbreak, which negatively impacted a number of our produce categories, as well as an uneven macroeconomic backdrop, resulting in lower traffic and more measured spending among our customers. We are addressing these challenges through our initiatives in affordability, innovation, personalization, marketing, and supply chain as we continue executing our long-term growth strategy. In the fourth quarter of fiscal 2026 and into fiscal 2027, we expect to increase and accelerate investments in affordability, including broader and deeper price investments, as well as investments in technology and supply chain. We will continue to assess customer response and may adjust the scale and pace of these investments accordingly. We expect these investments, together with lower comparable store sales, to pressure our margins in the near term.
Read in the 10-Q
Item 1A of the 10-Q filed Oct 28, 2026 against Item 1A of the 10-K filed Feb 19, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:There have been no material changes to the Risk Factors described under “Part I - Item 1A. Risk Factors” in our 2025 Form 10-K.
Read in the 10-Q
Two-word phrases in Risk Factors of the 10-K filed Feb 19, 2026 that are in none of the 1 earlier 10-Ks stored, back to Feb 20, 2025
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
8 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
10-K change: what was reworded or cut, section by section.
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SFM/export.csv") into a cell.
