8-K

0000950123-07-016131.txt : 20071129 0000950123-07-016131.hdr.sgml : 20071129 20071129171106 ACCESSION NUMBER: 0000950123-07-016131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071129 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071129 DATE AS OF CHANGE: 20071129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMSCAN HOLDINGS INC CENTRAL INDEX KEY: 0001024729 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] IRS NUMBER: 133911462 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-14107 FILM NUMBER: 071275600 BUSINESS ADDRESS: STREET 1: 80 GRASSLANDS ROAD CITY: ELMSFORD STATE: NY ZIP: 10523 BUSINESS PHONE: 9143452020 MAIL ADDRESS: STREET 1: 80 GRASSLANDS ROAD CITY: ELMSFORD STATE: NY ZIP: 10523 8-K 1 y43361e8vk.htm FORM 8-K 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) November 29, 2007

Amscan Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)


000-21827 (Commission File Number)		13-3911462 (IRS Employer Identification No.)

80 Grasslands Road Elmsford, NY (Address of principal executive offices)		10523 (Zip Code)

(914) 345-2020

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 — Financial Information

Item 2.02 Results of Operations and Financial Condition

On November 29, 2007, Amscan Holdings, Inc. announced its preliminary retail sales results for the five-week Halloween season ended November 3, 2007.

A copy of the press release issued by the Company announcing the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Section 9 — Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(d) Exhibit 99.1 Press Release dated November 29, 2007, issued by Amscan Holdings, Inc.

A list of exhibits is set forth in the Exhibit Index which immediately precedes such Exhibits and is incorporated herein by reference.

The information in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended, if such subsequent filing specifically references this Form 8-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	AMSCAN HOLDINGS, INC.
Date: November 29, 2007	By:	/s/ Michael A. Correale
		Michael A. Correale
		Chief Financial Officer

EXHIBIT INDEX


Exhibit
Number		Description
99.1		Press Release, dated November 29, 2007, announcing retail sales for the five-week Halloween season ended November 3, 2007.

EX-99.1 2 y43361exv99w1.htm EX-99.1: PRESS RELEASE EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE


Contact:		Michael A. Correale
		Chief Financial Officer
		Amscan Holdings, Inc.
		914 345-2020

Amscan Holdings, Inc. Announces Retail Sales
For Five-week Halloween Season Ended November 3, 2007.

ELMSFORD, NEW YORK November 29, 2007—Amscan Holdings, Inc, America’s largest retailer of party goods, today announced its preliminary retail sales results for the five-week Halloween season ended November 3, 2007. The retail sales results include the sales of Amscan’s three wholly-owned subsidiaries, Party City Corporation (“Party City”), PA Acquisition Corp. (“Party America”) and Gags & Games, Inc. (“Gags & Games”).

Preliminary retail sales for the five-week period ended November 3, 2007 totaled $172.1 million and were $30.4 million or 21.5% higher than the retail sales for the five-week period ended November 4, 2006, due to the acquisition of Gags & Games, which increased our temporary Halloween stores from 13 to 116 stores, as well as strong same store sales performance at Party City and Party America. Same-store net sales for Party City’s company-owned stores increased 8.1% during the period while Party America’s same-store net sales for company-owned stores increased 13.9%. Seasonal and non-seasonal categories contributed to the positive trend at both retail chains.

Party City operated 236 company-owned retail stores during the 2007 Halloween season, as compared to 242 company-owned retail stores and 13 temporary Halloween stores during the 2006 season. Gags & Games operated 116 temporary Halloween stores during the 2007 season. Party America operated 185 and 206 company-owned retail stores during the 2007 and 2006 Halloween seasons, respectively.

Commenting on these results, Gerry Rittenberg, Amscan’s Chief Executive Officer, stated: “We are very pleased with the results for this Halloween selling season. In spite of aggressive competition, our strong marketing efforts and merchandising assortments allowed us to drive results in line with of our expectations.”

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. Those risks and uncertainties include, among other things, the effect of price and product competition in the party goods industry in general and in our specific market areas, our ability to anticipate customer demand for products and to design and develop products that will appeal to our customers, our ability to open new stores successfully and/or to identify, execute and integrate acquisitions and to realize synergies, the availability and terms of capital to fund capital improvements, acquisitions and ongoing operations, our ability to manage successfully our franchise program, our ability to improve our fundamental business processes and reduce costs throughout our organization, our ability to attract and retain qualified personnel, changes in availability and costs of goods and services and economic conditions in general. Please see our filings with the Securities and Exchange Commission for a more complete discussion and analysis of these and other risks and uncertainties. You are cautioned not to place undue reliance on such forward-looking statements, which are made as of the date of this release, and we have no obligation or intention to update or revise such forward-looking statements.