-----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, TV0ZA/AUqoNU/w7NZqQV1m9z+Gda7dhRWJ7GnB1v+/JOyYRtM3fodRKD1j8bhimc Zx3eRyGUVFPWUZ/rIZ5/2Q== 0000950134-06-015577.txt : 20060810 0000950134-06-015577.hdr.sgml : 20060810 20060809193523 ACCESSION NUMBER: 0000950134-06-015577 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060808 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060810 DATE AS OF CHANGE: 20060809 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: 061019068 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 a22946e8vk.htm FORM 8-K e8vk
 

 
 
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 8, 2006
 
STATER BROS. HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Commission file number 001-13222
     
Delaware   33-0350671
(State or other jurisdiction of
incorporation)
  (I.R.S. Employer
Identification No.)
     
21700 Barton Road
Colton, California
  92324
(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))
 
 

 


 

Item 7.01 Regulation FD Disclosure
On August 8, 2006, Stater Bros. Holdings Inc. issued a press release entitled “Stater Bros. Holdings Announces Third Quarter Results – Sales Increase During Quarter and 39 Weeks”. 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 8, 2006, entitled “Stater Bros. Holdings Announces Third Quarter Results – Sales Increase During Quarter and 39 Weeks”.
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: August 10, 2006

 


 

EXHIBIT INDEX
     
Exhibit No.   Description
Exhibit 99.1
  Text of press release, dated May 9, 2006, entitled “Stater Bros. Holdings Announces Third Quarter Results – Sales Increase During Quarter and 39 Weeks”.

 

EX-99.1 2 a22946exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1

(STATER BROS LOGO)
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, August 8, 2006
STATER BROS. HOLDINGS INC. ANNOUNCES THIRD QUARTER RESULTS
SALES INCREASE DURING QUARTER AND 39 WEEKS
Colton, California. August 8, 2006; 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 period ended June 25, 2006.
Sales for the thirteen week third quarter ended June 25, 2006, compared to the third quarter 2005, increased $45.5 million or 5.4% and amounted to $885.9 million compared to $840.4 million for the thirteen weeks ended June 26, 2005. Total sales for the thirty-nine weeks ended June 25, 2006, increased $94.2 million or 3.7% and amounted to $2.62 billion compared to $2.52 billion for the same period in fiscal 2005.
Like store sales for the quarter 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 2.3% for the third quarter of fiscal 2006 over fiscal 2005. Like store sales increased 1.0% for the year-to-date period of fiscal 2006 over fiscal 2005.
The Company reported net income for the thirteen week third quarter ended June 25, 2006 of $5.7 million compared net income of $7.3 million for the thirteen weeks ended June 26, 2005. Net income for the fiscal year-to-date periods amounted to $15.3 million in 2006 and $14.1 million in 2005.
Brown said; “The third quarter results reflected positive operating performance due to the dedicated efforts of our Stater Bros. Family members, despite continued competitive pricing pressures. We remain committed to our ‘Valued Customers’ to provide a friendly and satisfying shopping experience on each and every one of their visits to our supermarkets and maintain our commitment to being the low price leader.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern 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” diary products in Southern California.
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 Statements of Income
(In thousands)
Unaudited
                                 
    13 Weeks Ended     39 Weeks Ended  
    06/26/05     06/25/06     06/26/05     06/25/06  
Sales
  $ 840,430     $ 885,948     $ 2,522,347     $ 2,616,502  
Gross profit
    231,595       229,700       666,846       688,927  
 
                               
Operating expenses
                               
Selling, general and administrative expenses
    196,380       193,451       574,876       590,227  
Depreciation and amortization
    10,090       11,898       29,187       33,315  
 
                       
Total operating expenses
    206,470       205,349       604,063       623,542  
 
                       
Operating profit
    25,125       24,351       62,783       65,385  
 
                               
Interest income
    1,864       2,627       4,525       7,515  
Interest expense
    (14,530 )     (14,731 )     (43,204 )     (44,271 )
Other expenses, net
    (282 )     (702 )     (581 )     (1,395 )
 
                       
Income before income taxes
    12,177       11,545       23,523       27,234  
 
                               
Income taxes
    4,901       5,803       9,384       11,984  
 
                       
 
                               
Net income
  $ 7,276     $ 5,742     $ 14,139     $ 15,250  
 
                       

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited
                 
    9/25/05     06/25/06  
Assets
               
Current assets
               
Cash
  $ 263,397     $ 194,472  
Restricted cash
    29,000       24,121  
Receivables
    45,006       46,505  
Inventories
    185,302       203,559  
Other
    31,122       30,561  
 
           
 
               
Total current assets
    553,827       499,218  
 
               
Property and equipment, net
    467,937       506,426  
 
               
Deferred debt issuance costs, net
    19,011       16,727  
Other assets
    14,594       18,012  
 
           
 
               
Total assets
  $ 1,055,369     $ 1,040,383  
 
           
 
               
Liabilities and stockholder’s deficit
               
Current liabilities
               
Accounts payable
  $ 144,298     $ 156,004  
Accrued expenses and other liabilities
    129,200       100,701  
Current portion of capital lease obligations
    1,190       1,136  
 
           
Total current liabilities
    274,688       257,841  
 
               
Long-term debt
    700,000       700,000  
Capital lease obligations, less current portion
    8,292       7,524  
Other long-term liabilities
    85,784       91,913  
 
               
Total stockholder’s deficit
    (13,395 )     (16,895 )
 
           
 
               
Total liabilities and stockholder’s deficit
  $ 1,055,369     $ 1,040,383  
 
           

 

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