-----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, OHFaza7g2FOInfmySrmpM7yWVYf6P4xIxJAKJk3yPsSI9diqBwgH9ny6fx2cpK8A m0wYLtmluDOiFycf48oH+Q== 0000898822-05-001474.txt : 20051216 0000898822-05-001474.hdr.sgml : 20051216 20051216160401 ACCESSION NUMBER: 0000898822-05-001474 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051215 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051216 DATE AS OF CHANGE: 20051216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HILFIGER TOMMY CORP CENTRAL INDEX KEY: 0000888747 STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11226 FILM NUMBER: 051269829 BUSINESS ADDRESS: STREET 1: 9/F NOVOL INDUSTRIAL BLDG STREET 2: 850 870 LAI CHI KOK ROAD CITY: CHEUNG SHA WAN KOWLO STATE: K3 BUSINESS PHONE: 85222160668 MAIL ADDRESS: STREET 1: 25 WEST 39TH STREET CITY: NEW YORK STATE: NY ZIP: 10018 8-K 1 dec168k.txt FORM 8-K, FILED DECEMBER 16, 2005 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): DECEMBER 15, 2005 TOMMY HILFIGER CORPORATION (Exact Name of Registrant as Specified in its Charter) BRITISH VIRGIN 98-0372112 ISLANDS 1-11226 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification incorporation) Number) 9/F, NOVEL INDUSTRIAL BUILDING, 850-870 LAI CHI KOK ROAD, CHEUNG SHA WAN, KOWLOON, HONG KONG (Address of principal executive offices) 852-2216-0668 ------------------------------------------------------ (Registrant's telephone number, including area code) 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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] 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 The information under this caption is furnished by the Company in accordance with Securities and Exchange Commission Release No. 33-8216. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On December 15, 2005, the Company issued a press release (i) announcing that it has filed its quarterly report on Form 10-Q for the quarter ended June 30, 2005 (the "10-Q"); and (ii) providing certain financial information. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. 99.1. Press Release, dated December 15, 2005, (i) announcing that the Company has filed its 10-Q; and (ii) providing certain financial information. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized. TOMMY HILFIGER CORPORATION By: /s/ Joseph Scirocco ------------------------------------------- Name: Joseph Scirocco Title: Chief Financial Officer, Executive Vice President and Treasurer Date: December 16, 2005 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1. Press Release, dated December 15, 2005, (i) announcing that the Company has filed its 10-Q; and (ii) providing certain financial information. EX-99.1 2 th10q.txt EXHIBIT 99.1, PRESS RELEASE [TOMMY HILFIGER LOGO] CONTACT: INVESTOR RELATIONS: PUBLIC RELATIONS: Valerie Martinez Kekst & Company: (212) 549-6780 Ruth Pachman/Wendi Kopsick (212) 521-4891/4867 FOR IMMEDIATE RELEASE TOMMY HILFIGER CORPORATION FILES QUARTERLY REPORT ON FORM 10-Q FOR FIRST QUARTER OF FISCAL 2006 HONG KONG, December 15, 2005 - Tommy Hilfiger Corporation (NYSE:TOM) today announced that it has filed its quarterly report on Form 10-Q for the first quarter of its fiscal year ending March 31, 2006 with the Securities and Exchange Commission. The full report on Form 10-Q is available on www.tommy.com. Select financial information for the first quarter ended June 30, 2005 is also contained in the attached tables. The Company continues to work towards filing its quarterly report on Form 10-Q for the second quarter ended September 30, 2005 in the near future. Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's sportswear, jeanswear and childrenswear. The Company's brands include Tommy Hilfiger and Karl Lagerfeld. Through a range of strategic licensing agreements, the Company also offers a broad array of related apparel, accessories, footwear, fragrance, and home furnishings. The Company's products can be found in leading department and specialty stores throughout the United States, Canada, Europe, Mexico, Central and South America, Japan, Hong Kong, Australia and other countries in the Far East, as well as the Company's own network of outlet and specialty stores in the United States, Canada and Europe. Tommy Hilfiger Corporation 9/F., Novel Industrial Building, 850-870 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong. Tel: 2216 0668 Fax: 2371 2928 TOMMY HILFIGER CORPORATION SELECTED FINANCIAL INFORMATION STATEMENT OF OPERATIONS DATA (IN MILLIONS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) Three Months Ended June 30, ------------------------------------ 2005 2004 ------------------ --------------- NET REVENUE $ 319.9 $ 328.8 COST OF GOODS SOLD 159.5 183.4 ------------------ ------------ GROSS PROFIT 160.4 145.4 DEPRECIATION AND AMORTIZATION 17.5 17.1 OTHER SG&A EXPENSES 144.1 131.9 ------------------ --------------- TOTAL SG&A EXPENSES 161.6 149.0 LOSS FROM OPERATIONS (1.2) (3.6) INTEREST EXPENSE, NET 2.5 6.1 ------------------ --------------- LOSS BEFORE TAXES (3.7) (9.7) INCOME TAXES (1.0) (1.0) ------------------ --------------- NET LOSS (2.7) (8.7) ------------------ --------------- LOSS PER SHARE - BASIC NET LOSS $ (0.03) $ (0.10) ------------------ --------------- ------------------ --------------- WEIGHTED AVERAGE SHARES OUTSTANDING 91.9 91.3 ------------------ --------------- ------------------ --------------- LOSS PER SHARE - DILUTED NET LOSS $ (0.03) $ (0.10) ------------------ --------------- ------------------ --------------- WEIGHTED AVERAGE SHARES AND SHARE EQUIVALENTS OUTSTANDING 91.9 91.3 ------------------ --------------- ------------------ --------------- REVENUE BY SEGMENT U. S. Wholesale $ 115.8 $ 163.4 International Wholesale 64.3 47.2 Retail 121.7 103.3 Licensing 17.4 14.9 Other 0.7 ------------------ --------------- TOTAL $ 319.9 $ 328.8 ------------------ --------------- ------------------ --------------- Page 2 of 3 TOMMY HILFIGER CORPORATION SELECTED FINANCIAL INFORMATION BALANCE SHEET DATA (IN MILLIONS) June 30, June 30, March 31, 2005 2004 2005 --------- ---------- ---------- CASH AND CASH EQUIVALENTS $ 382.3 $ 436.6 $ 481.0 SHORT-TERM INVESTMENTS 37.8 31.1 40.7 RESTRICTED CASH 150.0 - - ACCOUNTS RECEIVABLE 76.0 77.9 153.9 INVENTORIES 249.4 240.6 203.3 WORKING CAPITAL 678.7 651.6 661.0 PROPERTY AND EQUIPMENT, NET 202.8 235.0 250.1 INTANGIBLE AND OTHER ASSETS 946.4 887.8 943.9 TOTAL ASSETS 2,133.7 1,986.1 2,158.1 CURRENT PORTION OF LONG-TERM DEBT 0.4 0.5 0.4 OTHER CURRENT LIABILITIES 305.5 211.1 302.7 LONG TERM DEBT 344.0 351.4 344.0 DEFERRED TAX AND OTHER LIABILITIES 192.3 222.8 186.7 TOTAL LIABILITIES 842.2 785.9 833.8 SHAREHOLDERS' EQUITY 1,291.5 1,200.2 1,324.3 Page 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----