Current Report Filing (8-k)
July 09 2013 - 6:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): July 9, 2013
TRUE RELIGION APPAREL, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware |
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000-51483 |
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98-0352633 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
of Incorporation) |
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File Number) |
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Identification No.) |
2263 East Vernon Avenue
Vernon, California 90058
(Address of Principal Executive Offices, Zip Code)
(323) 266-3072
(Registrants 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 7.01 Regulation FD Disclosure
Beginning July 9, 2013, management of True Religion Apparel, Inc. will use the information below in conversations and meetings with potential lenders:
Preliminary Second Quarter 2013 Net Sales
Net sales for the second quarter 2013 increased 11.1% to $116.6 million as compared to $104.9 million for the second quarter 2012
U.S. Consumer Direct net sales increased 11.0% for the second quarter 2013, as compared to the second quarter 2012; same-store sales decreased 1.2%
U.S. Wholesale net sales for the second quarter 2013 increased 9.4%, as compared to the second quarter 2012, to $24.5 million
International net sales for the second quarter 2013 increased 15.6%, as compared to the second quarter 2012, to $20.5 million
Net sales for 2013 year to date increased 12.1% to $237.3 million as compared to $211.7 million for the same period in 2012
U.S. Consumer Direct net sales year to date increased by 11.5%, as compared to the six months ended June 30, 2012; same-store sales decreased 0.2%
U.S. Wholesale net sales year to date increased 14.1%, as compared to the six months ended June 30, 2012, to $50.1 million
International net sales year to date increased 13.5%, as compared to the six months ended June 30, 2012, to $41.8 million
Q2 2013 Net Sales Results by Segment
(Dollar amounts in thousands)
(unaudited)
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
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|
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% Increase/ |
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% Increase/ |
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Net sales: |
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2013 |
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2012 |
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(Decrease) |
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2013 |
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2012 |
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(Decrease) |
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U.S. Consumer Direct |
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$ |
71,415 |
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$ |
64,362 |
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11.0% |
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$ |
144,761 |
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$ |
129,819 |
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11.5% |
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U.S. Wholesale |
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24,526 |
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22,416 |
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9.4% |
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50,061 |
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43,861 |
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14.1% |
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International |
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20,486 |
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17,724 |
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15.6% |
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41,832 |
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36,856 |
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13.5% |
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Core Services |
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136 |
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407 |
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(66.6)% |
|
704 |
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1,158 |
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(39.2)% |
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Total net sales |
|
$ |
116,563 |
|
$ |
104,909 |
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11.1% |
|
$ |
237,358 |
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$ |
211,694 |
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12.1% |
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Store Openings
During the second quarter of 2013, True Religion Apparel opened eight stores in the U.S., one store in Canada, and one store in Hong Kong. As of June 30, 2013, the Company operated 130 stores in the U.S. and 33 international stores. (For additional details on stores opened during the quarter, please refer to the June 30, 2013 Retail Store Summary below.)
True Religion Apparel, Inc. - Retail Store Summary
As of June 30, 2013
Store Count |
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As of March 31, 2013 |
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Opened during Q2 2013 |
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Closed during Q2 2013 |
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As of June 30, 2013 |
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US Stores |
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|
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Regular Price |
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85 |
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6 |
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1 |
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90 |
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Outlet |
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39 |
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2 |
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1 |
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40 |
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US Store Total |
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124 |
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8 |
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2 |
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130 |
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|
|
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|
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International Stores |
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|
|
|
|
|
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|
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Regular Price |
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21 |
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2 |
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0 |
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23 |
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Outlet |
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10 |
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0 |
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0 |
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10 |
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International Store Total |
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31 |
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2 |
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0 |
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33 |
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Total US and International Stores |
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155 |
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10 |
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2 |
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163 |
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As of |
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As of |
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Store Count |
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June 30, 2012 |
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|
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June 30, 2013 |
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US Stores |
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|
|
|
|
|
|
|
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Regular Price |
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83 |
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|
|
|
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90 |
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Outlet |
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33 |
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40 |
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US Store Total |
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116 |
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130 |
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International Stores |
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|
|
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|
|
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Regular Price |
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14 |
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|
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23 |
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Outlet |
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9 |
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|
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10 |
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International Store Total |
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23 |
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33 |
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Total US and International Stores |
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139 |
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|
|
|
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163 |
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The information contained in this Item 7.01 is furnished and shall not be deemed to be filed for purposes of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall they be deemed 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
July 9, 2013 |
TRUE RELIGION APPAREL, INC. |
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By: |
/s/ Peter F. Collins |
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Name: |
Peter F. Collins |
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Title: |
Chief Financial Officer |
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