-----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, Vv/rP5iJHBGF2qt05S8zvi/3JQ4plj7fFPB3rnUzW+PUjS6kVHbG8CEE6Q9G8BaZ TpKCv9OqOu2Yw9CxIoCP5A== 0000950129-06-005388.txt : 20060511 0000950129-06-005388.hdr.sgml : 20060511 20060511172519 ACCESSION NUMBER: 0000950129-06-005388 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060511 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060511 DATE AS OF CHANGE: 20060511 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: 06831336 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 a20534e8vk.htm STATER BROS. HOLDINGS INC. e8vk
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): May 11, 2006
 
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.)
     
21700 Barton Road   92324
Colton, California    
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (909) 783-5000
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 7.01 Regulation FD Disclosure
Item 9.01 Financial Statements and Exhibits
Signatures
EXHIBIT INDEX
Exhibit 99.1


Table of Contents

Item 7.01 Regulation FD Disclosure
On May 9, 2006, Stater Bros. Holdings Inc. issued a press release entitled “Stater Bros. Holdings Announces Second Quarter Results – Sales and Net Income Increase at Stater Bros.”. 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 May 9, 2006, entitled “Stater Bros. Holdings Announces Second Quarter Results – Sales and Net Income Increase at Stater Bros.”.
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.    
 
           
 
      /s/ Phillip J. Smith
 
   
 
  By:   Phillip J. Smith    
 
      Executive Vice President and    
 
      Chief Financial Officer    
Date: May 11, 2006

 


Table of Contents

EXHIBIT INDEX
     
Exhibit No.   Description
Exhibit 99.1  
Text of press release, dated May 9, 2006, entitled “Stater Bros. Holdings Announces Second Quarter Results – Sales and Net Income Increase at Stater Bros.”.

 

EX-99.1 2 a20534exv99w1.htm EXHIBIT 99.1 exv99w1
 

EXHIBIT 99.1
         
(STATER BROS. LOGO)
 

21700 Barton Road
P.O. Box 150
Colton, California 92324
 

Contact:
Phil Smith
Stater Bros. Holdings Inc.
(909) 783-5287
P R E S S   R E L E A S E
For Immediate Release
Tuesday, May 9, 2006
STATER BROS. HOLDINGS ANNOUNCES SECOND QUARTER RESULTS
SALES AND NET INCOME INCREASE AT STATER BROS.
Colton, California. May 9, 2006; Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the thirteen week second quarter and twenty-six week year-to-date period ended on March 26, 2006.
Sales for the thirteen week second quarter ended March 26, 2006, compared to the second quarter 2005, increased $20.7 million or 2.46% and amounted to $863.5 million compared to $842.9 million for the thirteen weeks ended March 27, 2005. Total sales for the twenty-six weeks ended March 26, 2006, increased $48.6 million or 2.89% and amounted to $1.73 billion compared to $1.68 billion for the same period in fiscal 2005.
Like store sales were impacted by the timing of the Easter holiday, which fell in the third quarter of the current year compared to the second quarter of fiscal 2005. Easter added approximately $7.8 million to fiscal 2005 second quarter sales. After taking the effect of the Easter holiday, like store sales increased 0.36% for the quarter and 0.32% for the year-to-date periods of fiscal 2006 over the same periods of fiscal 2005.
The Company reported net income for the thirteen week second quarter ended March 26, 2006 of $6.2 million compared to net income of $3.6 million for the thirteen weeks ended March 27, 2005. Net income for the fiscal year-to-date periods amounted to $9.5 million in 2006 and $6.9 million in 2005.
Brown said; “We were pleased with our operating results and look forward to the challenges of a changing marketplace. All of our “Valued Customers” have the Stater Bros. Family’s commitment to provide a friendly and satisfying shopping experience on each and every one of their visits to our Supermarkets and our commitment to being the low price leader.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in California and operates 162 supermarkets through its wholly owned subsidiary, Stater Bros. Markets. Stater Bros. Markets also owns and operates Santee Dairies, manufacturer of quality “Heartland Farms” dairy products.
For information contact: Jack H. Brown, Chairman, President and Chief Executive Officer at (909) 783-5000.
STATER BROS. MARKETS...SERVING SOUTHERN CALIFORNIA FOR 69 GOLDEN YEARS
# # #

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited
                 
    9/25/05     03/26/06  
Assets
               
Current assets
               
Cash
  $ 263,397     $ 207,342  
Restricted cash
    29,000       31,000  
Receivables
    45,006       46,362  
Inventories
    185,302       194,141  
Other
    31,122       32,786  
 
           
 
               
Total current assets
    553,827       511,631  
 
               
Property and equipment, net
    467,937       486,535  
 
               
Deferred debt issuance costs, net
    19,011       17,482  
Other assets
    14,594       15,223  
 
           
 
               
Total assets
  $ 1,055,369     $ 1,030,871  
 
           
 
               
Liabilities and stockholder’s deficit
               
Current liabilities
               
Accounts payable
  $ 144,298     $ 133,446  
Accrued expenses and other liabilities
    129,200       121,220  
Current portion of capital lease obligations
    1,190       1,215  
 
           
 
               
Total current liabilities
    274,688       255,881  
 
               
Long-term debt
    700,000       700,000  
Capital lease obligations, less current portion
    8,292       7,747  
Other long-term liabilities
    85,784       89,880  
 
               
Total stockholder’s deficit
    (13,395 )     (22,637 )
 
           
 
               
Total liabilities and stockholder’s deficit
  $ 1,055,369     $ 1,030,871  
 
           

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Statements of Income
(In thousands)
Unaudited
                                 
    13 Weeks Ended     26 Weeks Ended  
    03/27/05     03/26/06     03/27/05     03/26/06  
Sales
  $ 842,852     $ 863,545     $ 1,681,917     $ 1,730,554  
 
                               
Gross profit
    218,242       232,512       435,251       459,227  
 
Operating expenses
                               
Selling, general and administrative expenses
    189,336       198,011       378,496       396,776  
 
                       
Depreciation and amortization
    9,648       11,059       19,097       21,417  
 
                       
Total operating expenses
    198,984       209,070       397,593       418,193  
 
                       
 
                               
Operating profit
    19,258       23,442       37,658       41,034  
 
                               
Interest income
    1,469       2,378       2,661       4,888  
Interest expense
    (14,578 )     (14,964 )     (28,674 )     (29,540 )
Other expenses, net
    (184 )     (617 )     (299 )     (693 )
 
                       
 
                               
Income before income taxes
    5,965       10,239       11,346       15,689  
 
                               
Income taxes
    2,365       4,063       4,483       6,181  
 
                       
 
                               
Net income
  $ 3,600     $ 6,176     $ 6,863     $ 9,508  
 
                       

 

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