-----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, HzhpO3Eeki01PkJomlQ2ueM/oEQKqhZuM8JQOXJwkDuKFimEfhSnRKRgPZjiy6Yj 9Pcs+wG3eojc5baQjfEm6w== 0000950134-07-010828.txt : 20070509 0000950134-07-010828.hdr.sgml : 20070509 20070509122122 ACCESSION NUMBER: 0000950134-07-010828 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070508 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070509 DATE AS OF CHANGE: 20070509 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: 07831246 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 a30154e8vk.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): May 8, 2007
 
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 2.02 Results of Operations and Financial Condition
On May 8, 2007, 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 8, 2007, 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.
 
 
  By:   /s/ Phillip J. Smith    
    Phillip J. Smith   
    Executive Vice President and Chief Financial Officer   
 
Date: May 9, 2007

 


 

EXHIBIT INDEX
     
Exhibit No.   Description
Exhibit 99.1
  Text of press release, dated May 8, 2007, entitled “Stater Bros. Holdings’ Announces Second Quarter Results — Sales and Net Income Increase at Stater Bros.”.

 

EX-99.1 2 a30154exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1
STATER BROS. HOLDINGS INC. ANNOUNCES SECOND QUARTER RESULTS
SALES AND NET INCOME INCREASE AT STATER BROS.
Colton, California. May 8, 2007; 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 25, 2007.
Sales for the thirteen week second quarter ended March 25, 2007, increased 0.27% to $866.1 million compared to $863.8 million for the thirteen weeks ended March 26, 2006. The timing of Christmas Day resulted in one less sales day in the second quarter of 2007 compared to the second quarter of fiscal 2006. Christmas Day, the only day the Company’s stores are closed, fell in second quarter fiscal 2007 and the first quarter of fiscal 2006. After taking into consideration the effect of Christmas Day, like store sales increased 1.5% for the thirteen weeks ended March 25, 2007.
Total sales for the twenty-six weeks ended March 25, 2007, increased $39.5 million or 2.28% and amounted to $1.77 billion compared to $1.73 billion for the same period in fiscal 2006. Year-to-date like store sales increased 1.45% in fiscal 2007 compared to the same period in fiscal 2006.
The Company reported net income for the thirteen week second quarter ended March 25, 2007 of $13.5 million compared to net income of $6.2 million for the thirteen weeks ended March 26, 2006. Net income for the fiscal year-to-date periods amounted to $23.4 million in 2007 and $9.5 million in 2006.
Brown said; “We were pleased with our operating results for the quarter and the first twenty-six weeks of our fiscal year. While we look forward to the challenges of a changing marketplace, all of our “Valued Customers” will continue to 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 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” 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 70 GOLDEN YEARS
# # #

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Statements of Income
(In thousands)
Unaudited
                                 
    13 Weeks Ended     26 Weeks Ended  
    03/26/06     03/25/07     03/26/06     03/25/07  
Sales
  $ 863,751     $ 866,062     $ 1,730,917     $ 1,770,416  
 
                               
Gross profit
    232,512       249,444       459,227       491,334  
 
                               
Operating expenses
                               
Selling, general and administrative expenses
    198,011       203,685       396,776       405,486  
Depreciation and amortization
    11,059       12,085       21,417       23,969  
 
                       
Total operating expenses
    209,070       215,770       418,193       429,455  
 
                       
Operating profit
    23,442       33,674       41,034       61,879  
 
                               
Interest income
    2,378       2,719       4,888       5,545  
Interest expense
    (14,964 )     (13,749 )     (29,540 )     (28,034 )
Other income (expenses), net
    (617 )     3       (693 )     (168 )
 
                       
Income before income taxes
    10,239       22,647       15,689       39,222  
 
                               
Income taxes
    4,063       9,187       6,181       15,860  
 
                       
 
                               
Net income
  $ 6,176     $ 13,460     $ 9,508     $ 23,362  
 
                       

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited
                 
    9/24/06     03/25/07  
Assets
               
Current assets
               
Cash
  $ 198,545     $ 228,169  
Restricted cash
    24,121       8,121  
Short-term investments
    26,849        
Receivables, net
    39,173       40,718  
Inventories
    196,031       194,688  
Other
    30,122       31,278  
 
           
Total current assets
    514,841       502,974  
 
               
Property and equipment, net
    497,073       529,046  
 
               
Deferred debt issuance costs, net
    15,972       14,444  
Other assets
    30,206       40,875  
 
           
 
               
Total assets
  $ 1,058,092     $ 1,087,339  
 
           
 
               
Liabilities and stockholder’s equity (deficit)
               
Current liabilities
               
Accounts payable
  $ 155,827     $ 153,431  
Accrued expenses and other liabilities
    124,680       125,225  
Current portion of capital lease obligations
    1,054       940  
 
           
Total current liabilities
    281,561       279,596  
 
               
Long-term debt
    700,000       700,000  
Capital lease obligations, less current portion
    7,294       6,807  
Other long-term liabilities
    80,316       88,653  
 
               
Total stockholder’s equity (deficit)
    (11,079 )     12,283  
 
           
 
               
Total liabilities and stockholder’s equity (deficit)
  $ 1,058,092     $ 1,087,339  
 
           

 

-----END PRIVACY-ENHANCED MESSAGE-----