ASO — what changed in the latest 10-Q
A section-by-section comparison of ASO'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 · 2026-09-09 vs the prior 10-Q · 2026-06-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +32 | −17 | ~38 | 81 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| 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 · 2026-09-09
Interest Expense. Interest expense includes regular interest payable related to our Notes, ABL Facility, and Term Loan (see Note 4 to the accompanying financial statements) and the amortization of our deferred loan costs and original issuance discounts associated with the acquisition of the debt. Du…
Comparable sales decreased 0.4% driven by lower comparable sales in the footwear and apparel merchandise divisions, partially offset by higher comparable sales in the sports and recreation and outdoor merchandise divisions. The decrease in comparable sales was a result of a 5.3% decrease in comparab…
Interest Expense. Interest expense decreased $1.0 million, or 10.8%, in the 2026 second quarter when compared with the 2025 second quarter, primarily due to lower interest rates and debt refinancing activities in the 2026 second quarter which resulted in lower interest rates on our long-term debt (s…
Loss on Early Retirement of Debt. Loss on early retirement of debt increased by $1.9 million in the 2026 second quarter as compared to the 2025 second quarter. During the second quarter of 2026, we completed refinancing transactions and used the net proceeds from the issuance of the Notes to fully r…
Other Expense (Income), net. Other expense (income), net, changed by $59.5 million in the 2026 second quarter as compared to the 2025 second quarter, primarily driven by $72.2 million of payments made related to the Participation Agreement for tariff relief claims, partially offset by the $10.5 mill…
Text removed vs the prior filing · source: 10-Q · 2026-06-10
Interest Expense. Interest expense includes regular interest payable related to our Term Loan, Notes and ABL Facility (see Note 4 to the accompanying financial statements) and the amortization of our deferred loan costs and original issuance discounts associated with the acquisition of the debt.
Comparable sales increased 2.9% driven by higher comparable sales across all merchandise divisions, except the footwear merchandise division which remained relatively constant. The increase in comparable sales was a result of a 4.5% increase in average ticket, partially offset by a decrease in compa…
Interest Expense. Interest expense remained relatively constant in the 2026 first quarter when compared with the 2025 first quarter.
Other Income, net. Other income, net, increased $0.4 million in the 2026 first quarter when compared with the 2025 first quarter, primarily driven by higher money market investments in the 2026 first quarter when compared with the 2025 first quarter.
Income Tax Expense. Income tax expense decreased $0.8 million to $16.2 million for the 2026 first quarter as compared to $16.9 million in the 2025 first quarter, resulting primarily from fluctuations in share-based compensation deductions. ASO, Inc.’s effective tax rate was 23.5% in the first quarte…
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