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) February 22, 2005

                            A.C. Moore Arts & Crafts, Inc.
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             (Exact Name of Registrant as Specified in Its Charter)


                 Pennsylvania                              000-23157                          22-3527763
                                                                                            
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(State or other jurisdiction of incorporation)       (Commission File Number)         (IRS Employer Identification No.)

             130 A.C. Moore Drive, Berlin, NJ                                                   08009
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         (Address of principal executive offices)                                             (Zip Code)


        Registrant's telephone number, including area code (856) 768-4930
                                                           --------------

                                 Not Applicable
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          (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):

     |_| 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 8.01.       OTHER EVENTS.

            On February 22, 2005, the Registrant issued a press release. A copy
of the press release is furnished as Exhibit 99.1 to this report.

                                   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.


                                      A.C. MOORE ARTS & CRAFTS, INC.


Date: February 22, 2005               By: /s/ Leslie H. Gordon
                                          ----------------------------------
                                          Name:  Leslie H. Gordon
                                          Title: Executive Vice President
                                                 and Chief Financial Officer



                                  EXHIBIT INDEX

Exhibit No.                       Description
- -----------                       -----------
   99.1                           Press Release dated February 22, 2005.



                                       2

EX-99

                                  EXHIBIT 99.1




A.C. MOORE [GRAPHIC OMITTED]             General Office o Distribution Center
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                                       130 A.C. Moore Drive o Berlin, NJ 08009
                                     PHONE: (856) 768-4930 o FAX: (856) 753-4723


FOR:                                       FROM:
A.C. Moore Arts & Crafts, Inc.             Gregory FCA Communications, Inc.
Leslie Gordon                              For More Information Contact:
Chief Financial Officer                    Joe Crivelli
(856) 768-4930                             (610) 642-8253


FOR IMMEDIATE RELEASE
- ---------------------


         A.C. MOORE RESCHEDULES EARNINGS RELEASE DUE TO LEASE ACCOUNTING


BERLIN, NEW JERSEY, FEBRUARY 22, 2005 - A.C. Moore Arts & Crafts, Inc. (Nasdaq:
ACMR) announced today that they now plan to report earnings for the fourth
quarter of 2004 after market close on Wednesday, March 9, 2005 rather than on
Wednesday, February 23rd, as originally scheduled. The Company will hold a
conference call and webcast to discuss the fourth quarter results on Wednesday,
March 9th at 5 p.m. EST.

Les Gordon, Chief Financial Officer of A.C. Moore, stated "We, like many other
retailers, are reviewing our lease accounting practices in light of recent views
expressed by the chief accountant of the SEC. Our preliminary determination is
that certain non-cash related corrections are needed in our computation of
straight-line rent expense and the related deferred rent liability. The reason
is that historically landlords have granted us access to the property
free-of-charge in order to build out or fixture the store and stock it with
merchandise prior to opening our doors for business. This period, which can
range from one to several months, has not been included in the amortization
period for straight-line rent expense. We also are considering a change in
accounting to reflect a change in accounting for construction allowances from
landlords of properties leased by the Company for its stores."

Mr. Gordon continued, "Making these changes will result in non-cash expense and
balance sheet adjustments, similar to those recently announced by a number of
retail and restaurant companies. The views expressed by the SEC were in
disagreement with long standing accounting practices that have been used by A.C.
Moore and pervasively in the retail industry and which A.C. Moore has followed
consistently for many years. We are still analyzing the impact of the issues and
determining the amounts to reflect the appropriate accounting."


To participate in the live conference call on March 9, 2005 at 5:00 p.m. EST,
please call 719-955-1568 and give the operator pin number 8727416. If you are
unable to access the live call, please dial 719-457-0820 and enter pin number
8727416 to access the taped digital replay. The replay will be available at
approximately 7:00 p.m. on March 9th and will remain available until Tuesday,
March 15th at 11:59 p.m. A simultaneous webcast of the conference call may be
accessed at http://www.acmoore.com. Go to "Investor Relations" and click on
"Corporate Profile." To listen to the live call, please go to the web site at
least fifteen minutes early to register, download and install any necessary
audio software. An archive of the conference call will be available
approximately two hours after the conference call ends and will remain available
on the company's website until March 9, 2006.

A. C. Moore operates arts and crafts stores that offer a vast assortment of
traditional and contemporary arts and crafts merchandise for a wide range of
customers. The Company operates 96 stores on the eastern United States. For more
information about the Company, visit our website at www.acmoore.com.

                                      # # #

This press release contains statements that are forward-looking within the
meaning of applicable federal securities laws and are based on A.C. Moore's
current expectations and assumptions as of this date. The Company undertakes no
obligation to update or revise any forward-looking statement whether the result
of new developments or otherwise. These statements are subject to a number of
risks and uncertainties that could cause actual results to differ materially
from those anticipated. Factors that could cause actual results to differ from
those anticipated include, but are not limited to, the impact of the adoption of
EITF Issue 02-16, the impact of the adoption of FAS 123R, customer demand and
trends in the arts and crafts industry, related inventory risks due to shifts in
customer demand, the effect of economic conditions, the impact of adverse
weather conditions, the impact of competitors' locations or pricing, the
availability of acceptable real estate locations for new stores, difficulties
with respect to new system technologies, supply constraints or difficulties, the
effectiveness of advertising strategies, the impact of the threat of terrorist
attacks and war, the uncertainty of the final resolution of the insurance claim
relating to the roof collapse, and other risks detailed in the Company's
Securities and Exchange Commission filings.