SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A NO. 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: APRIL 7, 2003
VALUE CITY DEPARTMENT STORES, INC.
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(Exact name of registrant as specified in its charter)
OHIO 1-10767 31-1322832
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(State or other (Commission File No.) (IRS Employer
Jurisdiction of Identification
Incorporation or Number)
Organization)
3241 WESTERVILLE ROAD
COLUMBUS, OHIO 43224
(614) 471-4722
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(Address, including zip code, and telephone number
including area code of Registrant's
principal executive offices)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
Exhibit No. Description
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99.1 Value City Department Stores, Inc. press
release dated April 29, 2003.
99.2 Consolidated Statements of Operations as
corrected for the fourth quarter diluted
earnings per share calculation.
ITEM 9. REGULATION FD DISCLOSURE
On April 7, 2003, Value City Department Stores, Inc. (the "Company") issued a
press release (the "Original Press Release") regarding its consolidated
financial results for the fourth quarter and year ended February 1, 2003, in
which the Company reported diluted earnings per share of $0.16 on its
Consolidated Statements of Operations for the thirteen week period ended
February 1, 2003. The Original Press Release was attached as Exhibit 99 to the
Current Report on Form 8-K of the Company furnished to the U.S. Securities and
Exchange Commission on April 8, 2003.
On April 29, 2003, the Company issued a press release to correct the diluted
earnings per share number reported in the Original Press Release and to disclose
that diluted earnings per share was $0.12 for the thirteen week period ended
February 1, 2003.
The dollar amount of net income reported in the Original Press Release for the
fourth quarter 2002 of $5.3 million is unchanged. The fourth quarter 2002
correction resulted from the number of shares used to calculate fully diluted
earnings per share.
Fourth quarter earnings per share are as follows:
Thirteen Weeks Ended (Unaudited)
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February 1, 2003 February 1, 2003
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AS AMENDED AS ORIGINALLY
FILED
Basic and diluted earnings (loss) per share:
Basic
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Income (loss) before extraordinary item and
cumulative effect of accounting change $0.16 $0.16
Extraordinary (charge), net of income taxes -- --
Cumulative effect of accounting change,
net of income taxes -- --
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Net income (loss) $0.16 $0.16
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Diluted
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Income (loss) before extraordinary item and
cumulative effect of accounting change $0.12 $0.16
Extraordinary (charge), net of income taxes -- --
Cumulative effect of accounting change,
net of income taxes -- --
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Net income (loss) $0.12 $0.16
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A copy of the Company's April 29, 2003, press release and the Company's
Consolidated Statements of Operations as corrected for the fourth quarter
diluted earnings per share calculation are furnished as exhibits to this Form
8-K/A No. 1 and are incorporated herein by reference. The information contained
in this report on Form 8-K/A No. 1 is being furnished pursuant to Item 12 under
Item 9 of Form 8-K as directed by the U.S. Securities and Exchange Commission in
Release No. 34-47583.
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.
VALUE CITY DEPARTMENT STORES, INC.
Date: April 29, 2003 By: /s/ James A. McGrady
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James A. McGrady, Executive Vice
President and Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Value City Department Stores, Inc. press release
dated April 29, 2003.
99.2 Consolidated Statements of Operations as corrected
for the fourth quarter diluted earnings per share
calculation.