-----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, T+iaJj4ZhW6j06tPpJZ7C+21uvIkLm3d2iygV8oLuTrBbVy76HIXWG/jlnqSulZ4 THz6AjFm5bUlOYvFU1f9VQ== 0000950134-08-002522.txt : 20080214 0000950134-08-002522.hdr.sgml : 20080214 20080213175159 ACCESSION NUMBER: 0000950134-08-002522 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080212 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080213 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: 08606623 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 a38066e8vk.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): February 12, 2008
 
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.)
     
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))
 
 

 


 

Item 2.02   Results of Operations and Financial Condition
On February 12, 2008, Stater Bros. Holdings Inc. issued a press release entitled “Stater Bros. Holdings Inc. Sales and Profits Increase in 1st Quarter.” 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 February 12, 2008, entitled “Stater Bros. Holdings Inc. Sales and Profits Increase in 1st Quarter.”
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: February 14, 2008

 


 

EXHIBIT INDEX
     
Exhibit No.   Description
Exhibit 99.1
  Text of press release, dated February 12, 2008, entitled “Stater Bros. Holdings Inc. Sales and Profits Increase in 1st Quarter.”

 

EX-99.1 2 a38066exv99w1.htm EXHIBIT 99.1 exv99w1
 

(STATER BROS LOGO)
Exhibit 99.1
Contact:
Phil Smith
Stater Bros. Holdings Inc.
(909)733-5287


PRESS RELEASE
For Immediate Release
Tuesday, February 12, 2008
STATER BROS. HOLDINGS INC. SALES AND PROFITS INCREASE
IN 1ST QUARTER
SAN BERNARDINO, CALIFORNIA.-February 12, 2008: Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the first quarter of fiscal 2008 ended December 30, 2007.
Sales for the thirteen week first quarter ended December 30, 2007, increased 4.3% to $943.0 million compared to $904.4 million for the thirteen weeks ended December 24, 2006. The timing of the Christmas holiday added one more sales day in first quarter of fiscal 2007 compared to the first quarter of fiscal 2008. Christmas day, the only day that the Company’s stores are closed, fell in the second quarter of fiscal 2007 and in the first quarter of fiscal 2008. After taking into consideration the effect of Christmas day, like store sales increased 3.3% for the thirteen weeks ended December 30, 2007 compared to the thirteen weeks ended December 24, 2006.
The Company reported net income for the thirteen week first quarter ended December 30, 2007 of $10.8 million compared to net income of $9.9 million for the thirteen week first quarter ended December 24, 2006.
Brown said; “The first quarter results were in line with management’s projections as we remain committed to being the low price leader while providing a friendly and satisfying shopping experience to our “Valued Customers” on each and every one of their visits to our Supermarkets. Our transition into our new Corporate Office and Distribution Center is on schedule and moving along as planned.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern California and operates 164 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. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited
                 
    09/30/07     12/30/07  
Assets
               
Current assets
               
Cash and cash equivalents
  $ 277,062     $ 209,473  
Restricted cash
    8,121       5,621  
Receivables, net
    46,391       53,818  
Inventories
    202,073       212,875  
Other
    34,965       35,203  
 
           
 
               
Total current assets
    568,612       516,990  
 
Property and equipment, net
    629,644       665,854  
 
Deferred debt issuance costs, net
    17,671       16,869  
Other
    54,351       56,000  
 
           
 
               
Total assets
  $ 1,270,278     $ 1,255,713  
 
           
 
               
Liabilities and stockholder’s equity
               
Current liabilities
               
Accounts payable
  $ 187,978     $ 184,979  
Accrued expenses and other liabilities
    142,597       113,577  
Current portion of capital lease obligations
    1,008       1,044  
 
           
 
               
Total current liabilities
    331,583       299,600  
 
               
Long-term debt
    810,000       810,000  
Capital lease obligations, less current portion
    6,285       6,010  
Other long-term liabilities
    113,131       120,073  
 
               
Total stockholder’s equity
    9,279       20,030  
 
           
 
               
Total liabilities and stockholder’s equity
  $ 1,270,278     $ 1,255,713  
 
           

 


 

STATER BROS. HOLDINGS INC.
Condensed Consolidated Statements of Income
(In thousands)
Unaudited
                 
    13 Weeks     13 Weeks  
    Ended     Ended  
    12/24/06     12/30/07  
Sales
  $ 904,354     $ 943,030  
 
               
Gross profit
    241,890       244,429  
 
               
Operating expenses:
               
Selling, general and administrative expenses
    201,801       204,318  
Depreciation and amortization
    11,884       12,908  
 
           
Total operating expenses
    213,685       217,226  
 
           
Operating profit
    28,205       27,203  
 
               
Interest income
    2,826       2,391  
Interest expense
    (14,285 )     (13,581 )
Other income (expenses), net
    (171 )     1,875  
 
           
 
Income before income taxes
    16,575       17,888  
 
               
Income taxes
    6,673       7,137  
 
           
 
               
Net income
  $ 9,902     $ 10,751  
 
           

 

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