VSTS — what changed in the latest 10-Q
A section-by-section comparison of VSTS'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 · 2026-08-11 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +52 | −52 | ~11 | 24 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 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 · 2026-08-11
During the third fiscal quarter of 2026, we executed a long-term outsourcing arrangement for certain transactional support functions as part of our Operational Excellence initiatives under the Plan. The arrangement is expected to improve process efficiency and support the realization of future cost …
Results of Operations Three Months Ended July 3, 2026 compared with June 27, 2025
The following table presents an overview of our results along with the amount of and percentage change between periods for the three months ended July 3, 2026 and June 27, 2025 (dollars in thousands).
Consolidated revenue of $661.7 million decreased $12.1 million, or 1.8%, for the three months ended July 3, 2026 compared to the three months ended June 27, 2025. The decline in revenue compared to the prior year reflects an $18.3 million decline in uniforms offset by a $6.1 million increase in work…
4.5% versus prior year, partially offset by strategic pricing improvements. Volume declines resulted, in part, from targeted reductions in unprofitable sales volume resulting from the Plan. Quarter over quarter, consolidated revenue was not materially impacted by fluctuations in foreign exchange rat…
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Results of Operations Three Months Ended April 3, 2026 compared with March 28, 2025
The following table presents an overview of our results along with the amount of and percentage change between periods for the three months ended April 3, 2026 and March 28, 2025 (dollars in thousands).
Consolidated revenue of $659.4 million decreased $5.8 million, or 0.9%, for the three months ended April 3, 2026 compared to the three months ended March 28, 2025. The decline in revenue compared to the prior year reflects a $10.5 million decline in uniforms offset by a $4.7 million increase in work…
Cost of services provided decreased $4.2 million, or 0.9%, for the three months ended April 3, 2026 compared to the three months ended March 28, 2025. The decrease was primarily driven by a $5.1 million decline in merchandise costs and a $4.3 million reduction in delivery costs. These decreases were…
Depreciation and amortization expense of $34.6 million for the three months ended April 3, 2026 decreased $1.3 million, or 3.7%, compared to the three months ended March 28, 2025.
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