NGVC — what changed in the latest 10-Q
A section-by-section comparison of NGVC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2026-02-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −10 | ~25 | 42 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +1 | −1 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −2 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
Net sales. Net sales were $337.4 million for the three months ended March 31, 2026, an increase of $1.6 million, or 0.5%, compared to net sales of $335.8 million for the three months ended March 31, 2025. Net sales were $673.0 million for the six months ended March 31, 2026, an increase of $7.0 mill…
Daily average comparable store sales. Daily average comparable store sales for the three months ended March 31, 2026 increased 0.5% compared to the three months ended March 31, 2025. Daily average comparable store sales for the six months ended March 31, 2026 increased 1.1% compared to the six month…
Net income. Net income was $13.4 million for the three months ended March 31, 2026, an increase of $0.3 million, or 2.5%, compared to net income of $13.1 million for the three months ended March 31, 2025. Net income was $24.8 million for the six months ended March 31, 2026, an increase of $1.7 milli…
EBITDA. Earnings before interest, taxes, depreciation, and amortization (EBITDA) was $26.3 million for the three months ended March 31, 2026, an increase of $0.8 million, or 3.2%, compared to $25.4 million for the three months ended March 31, 2025. EBITDA was $48.9 million for the six months ended M…
Pre-opening expenses were $0.6 million for the three months ended March 31, 2026 compared to $0.4 million for the three months ended March 31, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-02-05
Net sales. Net sales were $335.6 million for the three months ended December 31, 2025, an increase of $5.4 million, or 1.6%, compared to net sales of $330.2 million for the three months ended December 31, 2024.
Daily average comparable store sales. Daily average comparable store sales for the three months ended December 31, 2025 increased 1.7% from the three months ended December 31, 2024.
Net income. Net income was $11.3 million for the three months ended December 31, 2025 compared to net income of $9.9 million for the three months ended December 31, 2024.
EBITDA. Earnings before interest, taxes, depreciation and amortization (EBITDA) was $22.6 million for the three months ended December 31, 2025, an increase of $1.3 million, or 6.2%, compared to $21.3 million for the three months ended December 31, 2024. EBITDA is not a measure of financial performan…
Pre-opening expenses were $0.4 million for each of the three months ended December 31, 2025 and 2024.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-07
During the fiscal quarter ended March 31, 2026, we implemented a new SaaS enterprise resource planning (ERP) system. In connection with the ERP implementation, and resulting business process changes, we reviewed and modified, as necessary, the design and documentation of our internal control over fi…
Text removed vs the prior filing · source: 10-Q · 2026-02-05
There were no changes in our internal control over financial reporting during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-07
On May 6, 2026, our Board authorized an extension of the Company’s previously announced share repurchase program. As a result of such extension, the share repurchase program will terminate on May 31, 2028. The dollar value of the shares of common stock that may yet be repurchased under the share rep…
Text removed vs the prior filing · source: 10-Q · 2026-02-05
On February 4, 2026, the Company and 3801 East Second, LLC (East Second), which is owned by FTVC LLC, a related party owned by members of the Isely family, entered into the First Amendment to Ground Lease (the Amended Lakewood Lease) modifying the terms of the previously disclosed Ground Lease dated…
As required under the Company’s related party transaction policy, the Company’s audit committee approved the terms of this transaction and the Amended Lakewood Lease. The foregoing description of the Amended Lakewood Lease does not purport to be complete and is qualified in its entirety by reference…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice