SFM — what changed in the latest 10-Q
A section-by-section comparison of SFM'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 · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −13 | ~35 | 35 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| 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 | +2 | −1 | 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 · 2026-10-28
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 ou…
Net sales during the thirteen weeks ended September 27, 2026 totaled $2.3 billion, an increase of $104.3 million, or 5%, compared to the thirteen weeks ended September 28, 2025. The sales increase was primarily driven by $128.8 million in sales from new stores, partially offset by a 0.9% decrease in…
Gross profit totaled $880.8 million during the thirteen weeks ended September 27, 2026, an increase of $29.7 million, or 3%, compared to the thirteen weeks ended September 28, 2025, primarily driven by $47.3 million due to increased sales volume from new stores, partially offset by lower comparable …
Selling, general and administrative expenses during the thirteen weeks ended September 27, 2026 increased $29.9 million, or 5%, compared to the thirteen weeks ended September 28, 2025. The increase was primarily due to the increased expenses of $43.9 million associated with new stores. This was part…
Net sales during the thirty-nine weeks ended September 27, 2026 totaled $7.0 billion, an increase of $302.2 million, or 5%, compared to the thirty-nine weeks ended September 28, 2025. The sales increase was driven by $403.6 million in sales from new stores, partially offset by a 1.2% decrease in com…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
The twenty-six weeks ended June 28, 2026 were characterized by an uneven macroeconomic backdrop, with customers continuing to make thoughtful choices around their healthy grocery spend amid cost pressures. We are taking action to address these challenges through our initiatives in affordability, inn…
Net sales during the thirteen weeks ended June 28, 2026 totaled $2.3 billion, an increase of $105.2 million, or 5%, compared to the thirteen weeks ended June 29, 2025. The sales increase was driven by sales from new stores opened in the last twelve months, partially offset by a 1.0% decrease in comp…
Gross profit totaled $900.6 million during the thirteen weeks ended June 28, 2026, an increase of $38.0 million, or 4%, compared to the thirteen weeks ended June 29, 2025, driven by increased sales volume from new stores. Gross margin decreased by 0.1% to 38.7% for the thirteen weeks ended June 28, …
Selling, general and administrative expenses during the thirteen weeks ended June 28, 2026 increased $37.5 million, or 6%, compared to the thirteen weeks ended June 29, 2025. The increase was primarily due to the increase in new stores opened since the comparable period last year. As a percentage of…
Net sales during the twenty-six weeks ended June 28, 2026 totaled $4.7 billion, an increase of $197.9 million, or 4%, compared to the twenty-six weeks ended June 29, 2025. The sales increase was primarily due to new stores opened in the last twelve months, partially offset by a 1.4% decrease in comp…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-28
On August 19, 2026, Jack Sinclair, our Chief Executive Officer and member of our board of directors, adopted a written plan for the sale of our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “Rule 10b5-1 Trading Plan”) that pro…
During the third quarter of 2026, except as described above, none of our directors or executive officers adopted or terminated a written plan for the sale of our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, or a "non-Rule 10b5-…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
During the second quarter of 2026, none of our directors or executive officers adopted or terminated a written plan for the sale of our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, or a "non-Rule 10b5-1 trading arrangement" (as…
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