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): May 5, 2011
Perfumania Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Florida | 0-19714 | 65-0977964 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
35 Sawgrass Drive, Suite 2
Bellport, NY 11713
(Address of Principal Executive Offices)(Zip Code)
(631) 866-4100
(Registrants 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):
¨ | 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 May 5, 2011, Perfumania Holdings, Inc. (the Company) issued a press release announcing the sales for the month ended April 30, 2011 (fiscal April 2011) and first fiscal quarter ended April 30, 2011 for one of its wholly-owned subsidiaries, Perfumania, which operates specialty retail fragrance stores. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit |
Exhibit Description | |
99.1 | Press Release issued by the Company on May 5, 2011 |
SIGNATURE
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.
Perfumania Holdings, Inc. | ||||
By: | /s/ Donna L. Dellomo | |||
Date: May 6, 2011 |
Donna L. Dellomo Chief Financial Officer |
2
Exhibit Index
Exhibit |
Exhibit Description | |
99.1 | Press Release issued by the Company on May 5, 2011 |
3
Exhibit 99.1
Perfumania Holdings, Inc.
FOR IMMEDIATE RELEASE
Company Contact:
Michael W. Katz
President and
Chief Executive Officer
Perfumania Holdings, Inc.
631-866-4156
PERFUMANIA HOLDINGS, INC. REPORTS PERFUMANIA RETAIL SALES FOR
APRIL AND FIRST QUARTER 2011
Bellport, NY May 5, 2011 - Perfumania Holdings, Inc. (NASDAQ: PERF) announced today that Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores throughout the United States and Puerto Rico, reported total net sales of $17.9 million for the four week fiscal month of April 2011 which ended April 30, 2011 versus $15.2 million for the four week fiscal month of April 2010 which ended May 1, 2010. For the first quarter of 2011, total net sales were $57.7 million in the current year compared with $52.0 million last year. For the month of April 2011, comparable store sales increased by 21.7%. For the first quarter ending April 2011, comparable store sales increased by 14.3%. Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.
PERFUMANIA APRIL AND FIRST QUARTER 2011 RETAIL SALES ($s in $000s):
FY 2011 |
FY 2010 |
FY 2009 |
||||||||||||||||||||||
(Decrease) Increase |
Increase | (Decrease) | ||||||||||||||||||||||
Number of Stores, April |
351 | (4.4 | %) | 367 | 0.6 | % | 365 | |||||||||||||||||
April Total Retail Sales |
$ | 17,860 | 17.3 | % | $ | 15,228 | 5.8 | % | $ | 14,400 | ||||||||||||||
Quarter-End April Total Retail Sales |
$ | 57,748 | 11.2 | % | $ | 51,962 | 11.5 | % | $ | 46,636 | ||||||||||||||
April Comparable Store Sales |
21.7 | % | 4.5 | % | (8.1 | %) | ||||||||||||||||||
Quarter - End April Comparable Store Sales |
14.3 | % | 7.4 | % | (9.2 | %) |
# # #
This press release may include information presented which contains forward-looking information, including statements regarding the strategic direction of the Company. Some of these statements, including those that contain the words anticipate, believe, plan, estimate, expect, should, intend, and other similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by those forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are our ability to service our obligations, our ability to comply with the covenants in our senior credit facility, any failure of general economic conditions to improve, including any weaker than anticipated recovery in discretionary spending by consumers, competition and the ability to raise additional capital to finance our expansion. Additional information regarding factors that could cause results to differ can be found in the companys Annual Report on Form 10-K for the fiscal year ended January 29, 2011, in the section entitled Risk Factors.