-----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, B4+5iwzose4CuJQkeCuxDO/5zJ4gqkathh2S0MdKqBIAMhnXd9+Pyxx5NPScOiFG XQ1d90zVcd8gn8k/tHlZsQ== 0000891919-06-000026.txt : 20060518 0000891919-06-000026.hdr.sgml : 20060518 20060518162359 ACCESSION NUMBER: 0000891919-06-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060518 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20060518 DATE AS OF CHANGE: 20060518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOOKS A MILLION INC CENTRAL INDEX KEY: 0000891919 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 630798460 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20664 FILM NUMBER: 06852390 BUSINESS ADDRESS: STREET 1: 402 INDUSTRIAL LN CITY: BIRMINGHAM STATE: AL ZIP: 35211 BUSINESS PHONE: 2059423737 MAIL ADDRESS: STREET 1: 402 INDUSTRIAL LANE CITY: BIRMINGHAM STATE: AL ZIP: 35211 8-K 1 q18k.txt FIRST QUARTER 8-K FILING 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 18, 2006 ------------ Books-A-Million, Inc. ------------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) DELAWARE 0-20664 63-0798460 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 402 Industrial Lane, Birmingham, Alabama 35211 - ------------------------------------------ --------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (205) 942-3737 ----------------- 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 (see General Instruction A.2. below): [ ] 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)) Section 2 - Financial Information Item 2.02 Results of Operations and Financial Condition. On May 18, 2006, Books-A-Million, Inc. issued a press release announcing its financial results for the first quarter ended April 29, 2006. A copy of the press release is attached hereto as Exhibit 99.1 The information in this Report, including the exhibit attached hereto, is furnished solely pursuant to Item 2.02 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (c) Exhibits. The exhibit is furnished pursuant to Item 2.02 and shall not be deemed to be "filed." Exhibit No. Document Description 99.1 Press Release dated May 18, 2006 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 hereunto duly authorized. _____________BOOKS-A-MILLION, INC._______ --------------------- (Registrant) Date _May 18, 2006______ __________/s/ Richard S. Wallington_________ ------------------------- (Signature) Name: Richard S. Wallington Title: Chief Financial Officer EXHIBIT INDEX Exhibit No. Document Description 99.1 Press Release dated May 18, 2006 EX-99 2 q1fy07.txt FIRST QUARTER FY07 PRESS RELEASE BOOKS-A-MILLION(R) News Release 402 Industrial Lane Birmingham, AL 35211 205-942-3737 Contact: Richard S. Wallington Chief Financial Officer (205) 942-3737 BOOKS-A-MILLION, INC. ANNOUNCES FIRST QUARTER RESULTS -------------------- Earnings Increase to $0.09 Per Diluted Share BIRMINGHAM, Ala. (May 18, 2006) -- Books-A-Million, Inc. (Nasdaq/NM:BAMM) today announced financial results for the first quarter ended April 29, 2006. Net income increased to $1.5 million, or $0.09 per diluted share, compared with net income of $1.1 million, or $0.06 per diluted share, in the year-earlier period. The increase in net income was attributable to lower depreciation expense as capital expenditures made several years ago became fully depreciated in the current period as well as reduced interest expense as a result of lower average debt balances versus the prior year. Net sales for the 13-week period increased 1.0% to $113.8 million from sales of $112.6 million in the year-earlier period. Comparable store sales for the quarter decreased 0.3% when compared with the 13-week period for the prior year. Commenting on the results, Sandra B. Cochran, President and Chief Executive Officer, said, "The first quarter was clearly challenging. A weak bestseller lineup and a soft media environment contributed to the disappointing comparable store sales results. While history, game books, humor titles, gifts and bargain books all performed well, they did not make up for the difficult quarter in the children's books, cooking, diet and health and inspirational categories. "As we enter the second quarter, we face a tough comparison to last year which included the release of Harry Potter And The Half Blood Prince. However, we are somewhat encouraged by a stronger book lineup, including new titles from Fannie Flagg, Patricia Cornwell, Anne Coulter and Janet Evanovich. We are also encouraged by the summer movie season that includes tie-ins with successful titles like The Da Vinci Code, Pirates Of The Caribbean: Dead Man's Chest, Running With Scissors, and The Devil Wears Prada." In addition, the Board of Directors has declared a quarterly cash dividend of $0.08 per common share. The dividend will be paid on June 15, 2006, to shareholders of record at the close of business on June 1, 2006. Books-A-Million is one of the nation's leading book retailers and sells on the internet at www.booksamillion.com. The Company presently operates 205 stores in 20 states and the District of Columbia. The Company operates large superstores under the names Books-A-Million and Books & Co. and traditional bookstores operating under the name Bookland, Books-A-Million and Joe Muggs Newsstands. BOOKS-A-MILLION, INC. Unaudited Consolidated Financial Highlights (In thousands, except per share data) 13 Weeks Ended April 29, April 30, 2006 2005 -------------- ------------- NET SALES $ 113,748 $ 112,625 Cost of sales (including warehouse, distribution and store occupancy costs) 81,148 81,058 -------------- ------------- GROSS PROFIT 32,600 31,567 Operating, selling and administrative expenses 26,565 25,514 Depreciation and amortization 3,426 3,927 -------------- ------------- OPERATING INCOME 2,609 2,126 Interest expense, net 56 384 -------------- ------------- INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,553 1,742 Income tax provision 1,031 662 -------------- ------------- INCOME FROM CONTINUING OPERATIONS 1,522 1,080 DISCONTINUED OPERATIONS: (Loss) income from discontinued operations (including loss on disposal) (17) (32) Income tax (benefit) provision (7) (12) -------------- ------------- (LOSS) INCOME FROM DISCONTINUED OPERATIONS (10) (20) -------------- ------------- NET INCOME $ 1,512 $ 1,060 ============== ============= NET INCOME PER COMMON SHARE: Basic: Income from continuing operations $ 0.09 $ 0.07 Loss from discontinued operations -- -- ------------- ------------- Net income $ 0.09 $ 0.07 ============= ============= Diluted: Income from continuing operations $ 0.09 $ 0.06 Loss from discontinued operations -- -- ------------- ------------- Net income $ 0.09 $ 0.06 ============= ============= Weighted average shares outstanding: Basic 16,471 16,201 ============== ============= Diluted 17,001 16,922 ============== =============
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; uncertainties related to the Internet and the Company's Internet initiative. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included herein do not purport to be predictions of future events or circumstances and may not be realized. Given these uncertainties, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligations to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. -----END PRIVACY-ENHANCED MESSAGE-----