-----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, RAN1wh8QuMKD8gfn0DFdVIxQ16raBD4CQFTlU0vXvPWRI5YjV6+pw9y1g/JtxzP/ Cdwg2OuUR6mUZ29KaqrZgQ== 0000950123-09-033914.txt : 20090812 0000950123-09-033914.hdr.sgml : 20090812 20090812130308 ACCESSION NUMBER: 0000950123-09-033914 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090811 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090812 DATE AS OF CHANGE: 20090812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STATER BROS HOLDINGS INC CENTRAL INDEX KEY: 0000882829 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 330350671 STATE OF INCORPORATION: DE FISCAL YEAR END: 0926 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13222 FILM NUMBER: 091006001 BUSINESS ADDRESS: STREET 1: 21700 BARTON RD CITY: COLTON STATE: CA ZIP: 92324 BUSINESS PHONE: 9097835000 MAIL ADDRESS: STREET 1: 21700 BARTON ROAD CITY: COLTON STATE: CA ZIP: 92324 8-K 1 a53478e8vk.htm FORM 8-K FORM 8-K
Table of Contents

 
 
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): August 11, 2009
 
STATER BROS. HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Commission file number 001-13222
     
Delaware
(State or other jurisdiction of
incorporation)
  33-0350671
(I.R.S. Employer
Identification No.)
     
301 S. Tippecanoe Avenue
San Bernardino, California
  92408 
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (909) 733-5000
N/A
(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:
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))
 
 

 


TABLE OF CONTENTS

Item 2.02 Results of Operations and Financial Condition
Item 9.01 Financial Statements and Exhibits
Signatures
EXHIBIT INDEX
EX-99.1


Table of Contents

Item 2.02 Results of Operations and Financial Condition
On August 11, 2009, Stater Bros. Holdings Inc. issued a press release entitled “Stater Bros. Holdings Inc. Announces Third Quarter Results.” A copy of this press release is attached hereto and incorporated by reference as exhibit 99.1. The information contained in this 8-K document, including the exhibit furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise incorporated by reference in any filing pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this report, including the exhibit furnished herewith, is not intended to, and does not, constitute a determination or admission as to the materiality or completeness of such information.
Item 9.01 Financial Statements and Exhibits
The following material is being furnished as exhibits to this Current Report on Form 8-K.
          (c) Exhibits
  99.1   Text of press release, dated August 11, 2009, entitled “Stater Bros. Holdings Inc. Announces Third Quarter Results.”

 


Table of Contents

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 thereunto duly authorized.
         
  Stater Bros. Holdings Inc.
 
 
  By:   /s/ Phillip J. Smith    
    Phillip J. Smith   
    Executive Vice President and Chief Financial Officer   
 
Date: August 12, 2009

 


Table of Contents

EXHIBIT INDEX
     
Exhibit No.   Description
 
   
Exhibit 99.1
  Text of press release, dated August 11, 2009, entitled “Stater Bros. Holdings Inc. Announces Third Quarter Results.”

 

EX-99.1 2 a53478exv99w1.htm EX-99.1 EX-99.1
EXHIBIT 99.1
         
(STATER BROS. LOGO)
  P.O. Box 150
San Bernardino, California 92402
  Contact:
Phil Smith
Stater Bros. Holdings Inc.
(
909) 733-5287
 
     
P R E S S R E L E A S E
For Immediate Release
Tuesday, August 11, 2009
STATER BROS. HOLDINGS INC. ANNOUNCES
THIRD QUARTER RESULTS
San Bernardino, California — August 11, 2009: Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the thirteen week third quarter and thirty-nine week year-to-date periods ended on June 28, 2009.
Sales for the thirteen week third quarter ended June 28, 2009 decreased 0.43% to $928.6 million compared to $932.7 million for the thirteen weeks ended June 29, 2008. The Easter holiday fell in the second quarter of fiscal 2008 and in the third quarter of fiscal 2009. After taking into consideration the timing effect of the Easter Holiday, like store sales decreased 1.81% for the thirteen weeks ended June 28, 2009.
Total sales for the thirty-nine weeks ended June 28, 2009, increased $17.8 million or 0.64% and amounted to $2.82 billion compared to $2.80 billion for the same period in fiscal 2008. Year-to-date like store sales increased 0.09% in fiscal 2009 compared to the same period in fiscal 2008.
The Company reported net income of $15.1 million and $9.2 million in the third quarters of fiscal 2009 and fiscal 2008, respectively. Net income for the fiscal year-to-date periods amounted to $29.8 million in 2009 and $33.5 million in 2008.
Brown said, “We are pleased with our operating results for the quarter and the first thirty-nine weeks of our fiscal year. During these tough economic times, we remain committed to assisting our “Valued Customer” by providing them the best possible purchasing value for their shopping dollar and by providing friendly service and a satisfying shopping experience on each and every one of their visits to our Supermarkets.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern California and operates 167 Supermarkets through its wholly owned subsidiary, Stater Bros. Markets.
For information contact: Jack H. Brown, Chairman, President and Chief Executive Officer at (909) 733-5000.
STATER BROS. MARKETS...SERVING SOUTHERN CALIFORNIA FOR 73 GOLDEN YEARS
# # #

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited
                 
    09/28/2008     06/28/2009  
Assets
               
Current assets
               
Cash and cash equivalents
  $ 144,939     $ 158,459  
Restricted cash
    5,621       3,121  
Receivables, net
    48,524       40,530  
Inventories
    230,218       234,471  
Assets held for sale
    81,611       79,057  
Other
    34,291       35,274  
 
           
 
               
Total current assets
    545,204       550,912  
 
               
Property and equipment, net
    660,063       662,962  
 
               
Deferred debt issuance costs, net
    14,478       12,070  
Other
    60,219       63,736  
 
           
 
               
Total assets
  $ 1,279,964     $ 1,289,680  
 
           
 
               
Liabilities and stockholder’s equity
               
Current liabilities
               
Accounts payable
  $ 157,925     $ 153,452  
Accrued expenses and other liabilities
    136,197       113,429  
Liabilities held for sale
    15,984       11,309  
Current portion of capital lease obligations
    1,148       1,286  
 
           
 
               
Total current liabilities
    311,254       279,476  
 
               
Long-term debt
    810,000       810,000  
Capital lease obligations, less current portion
    5,104       4,121  
Other long-term liabilities
    113,100       125,773  
 
               
Total stockholder’s equity
    40,506       70,310  
 
           
 
               
Total liabilities and stockholder’s equity
  $ 1,279,964     $ 1,289,680  
 
           

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Statements of Income
(In thousands)
Unaudited
                                 
    13 Weeks     13 Weeks     39 Weeks     39 Weeks  
    Ended     Ended     Ended     Ended  
    06/29/08     06/28/09     06/29/08     06/28/09  
Sales
  $ 932,668     $ 928,641     $ 2,801,059     $ 2,818,890  
 
                               
Gross profit
    249,221       254,216       749,928       756,904  
 
                               
Operating expenses:
                               
Selling, general and administrative expenses
    207,853       203,277       620,703       620,593  
Depreciation and amortization
    12,996       13,146       39,069       40,058  
 
                       
 
                               
Total operating expenses
    220,849       216,423       659,772       660,651  
 
                       
 
                               
Operating profit
    28,372       37,793       90,156       96,253  
 
                               
Interest income
    962       86       4,975       416  
Interest expense
    (14,904 )     (16,923 )     (42,907 )     (51,371 )
Other income, net
    99       601       2,839       707  
 
                       
 
                               
Income before income taxes
    14,529       21,557       55,063       46,005  
 
                               
Income taxes
    5,350       6,415       21,602       16,201  
 
                       
 
                               
Net income
  $ 9,179     $ 15,142     $ 33,461     $ 29,804  
 
                       

 

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