-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VXuOyicLK9PUeffD16OffHAPG7X+EjvVseTOVb+AHijZ4nyK2Zz547/bFc8P2CWY YqDC7Vq1wDIMXNdhfILJSg== 0001157523-05-009647.txt : 20051103 0001157523-05-009647.hdr.sgml : 20051103 20051103145341 ACCESSION NUMBER: 0001157523-05-009647 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051003 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051103 DATE AS OF CHANGE: 20051103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHILDRENS PLACE RETAIL STORES INC CENTRAL INDEX KEY: 0001041859 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 311241495 FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23071 FILM NUMBER: 051176549 BUSINESS ADDRESS: STREET 1: 915 SECAUCUS RD CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2015582400 MAIL ADDRESS: STREET 1: 915 SECAUCUS RD CITY: SECAUCUS STATE: NJ ZIP: 07094 8-K 1 a5011643.txt THE CHILDREN'S PLACE 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 3, 2005 - -------------------------------------------------------------------------------- THE CHILDREN'S PLACE RETAIL STORES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-23071 31-1241495 - ---------------------------- ----------------- -------------------------- (State or other jurisdiction (Commission (IRS Employer ID of incorporation) File Number) Number) 915 Secaucus Road, Secaucus, New Jersey 07094 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (201) 558-2400 - -------------------------------------------------------------------------------- Not Applicable - -------------------------------------------------------------------------------- (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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02 Results of Operations and Financial Condition On November 3, 2005, The Children's Place Retail Stores, Inc. (the "Company") issued a press release announcing certain financial information for the month, fiscal quarter and 39-week period ended October 29, 2005, as well as the Company's updated outlook for fiscal 2005. A copy of the Company's press release is included as Exhibit 99.1 hereto. Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Business Acquired: Not applicable (b) Pro Forma Financial Information: Not applicable (c) Exhibits: 99.1 Press Release dated November 3, 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CHILDREN'S PLACE RETAIL STORES, INC. By: /s/ Hiten Patel --------------------------- Name: Hiten Patel Title: Senior Vice President and Chief Financial Officer Dated: November 3, 2005 INDEX TO EXHIBITS Current Report on Form 8-K dated November 3, 2005 The Children's Place Retail Stores, Inc. 99.1 Press Release dated November 3, 2005. EX-99.1 2 a5011643ex99_1.txt EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1 The Children's Place Retail Stores, Inc. Reports October Sales; Total Sales Increased 75%; Sales from The Children's Place Stores Increased 21%; October Comparable Stores Sales Increased 13% on Top of Last Year's 21% Increase SECAUCUS, N.J.--(BUSINESS WIRE)--Nov. 3, 2005--The Children's Place Retail Stores, Inc. (Nasdaq:PLCE): -- Company Now Anticipates Third Quarter Earnings Per Share of $0.90 to $0.91 -- Company Updates Earnings Per Share Guidance for Fiscal 2005 to $2.25 to $2.30 The Children's Place Retail Stores, Inc. (Nasdaq:PLCE), today announced total consolidated sales of $154.3 million for the four-week period ended October 29, 2005, a 75% increase compared to sales of $88.1 million reported for October 2004. October sales were comprised of $106.3 million in sales from The Children's Place, a 21% increase over last year, and $48.0 million in sales from Disney Store. Comparable store sales for The Children's Place stores increased 13% on top of a 21% increase for the same period last year. During October, the Company opened 12 Children's Place stores and three Disney Stores. Sales for the third quarter increased 57% to $441.2 million, from $280.5 million reported in the year ago period. Third quarter sales were comprised of $320.1 million from The Children's Place, a 14% increase over last year, and $121.1 million in sales from Disney Store. The Company estimates total lost sales of approximately $2.3 million for the quarter, from stores closed as a result of Hurricanes Katrina, Rita and Wilma. Comparable store sales for The Children's Place increased 6% in the third quarter, on top of last year's 18% increase. During the third quarter the Company opened 19 Children's Place stores, and closed one. In addition, the Company opened 13 Disney Stores during the third quarter. Total consolidated sales for the thirty-nine weeks ended October 29, 2005, were $1,129.1 million, a 62% increase compared to sales of $695.4 million reported for the same period last year. Sales for the thirty-nine weeks were comprised of $816.0 million from The Children's Place, a 17% increase over last year, and $313.1 million from the Company's Disney Store business. Comparable store sales for The Children's Place stores increased 8%, on top of a 15% increase in the same period last year. Through October 29, 2005, the Company has opened 39 Children's Place stores and closed three. In addition, the Company has opened 15 Disney Stores and closed one. "We are pleased with our third quarter results, especially October sales, as both brands performed well," said Ezra Dabah, Chairman and Chief Executive Officer of The Children's Place Retail Stores, Inc. "At Children's Place, our customers continue to turn to us as their special occasion destination. This, combined with the cooler weather, propelled our sales during the month. At Disney Store, we have accomplished much in a short amount of time, and we continue to be pleased with the guests' favorable response to our merchandise and pricing strategies. Importantly, both brands are in strong inventory positions to drive a successful Holiday season." The Company stated that it now anticipates third quarter consolidated earnings per share of $0.90 to $0.91, excluding the finalization of the purchase accounting for the Disney Store acquisition and certain tax benefits. In addition, the Company updated its fiscal 2005 earnings guidance to $2.25 to $2.30 per share. In conjunction with The Children's Place October sales release, you are invited to listen to the Company's pre-recorded monthly sales call, which will be available beginning at 7:30 a.m. Eastern Time today through Thursday, November 10, 2005. To access the call, please dial (402) 220-1182, or you may listen through the Investor Relations section of the Company's Web site, www.childrensplace.com. The Children's Place plans to report full third quarter results on Thursday, November 17, 2005. The Company will host a conference call on that date to be broadcast live via webcast at 9:00 a.m. Eastern Time. Interested parties can access the webcast via the Company's website, www.childrensplace.com. An archive of the webcast can be accessed one hour after the live call has taken place and will be available through Thursday, November 24, 2005. The Children's Place Retail Stores, Inc. is a leading specialty retailer of children's merchandise. The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary "The Children's Place" and licensed "Disney Store" brand names. As of October 29, 2005, the Company owned and operated 786 The Children's Place stores and 321 Disney Stores in North America and its online store, www.childrensplace.com. This press release and above referenced call may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers or listeners (on the call) are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly any revisions to these forward- looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Children's Place or any other person that the events or circumstances described in such statement are material. CONTACT: The Children's Place Heather Anthony, 201-558-2865 -----END PRIVACY-ENHANCED MESSAGE-----