UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Amendment No. 1
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended May 23, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Commission File No. 1-13339
FRED MEYER, INC.
(Exact name of registrant as specified in its charter)
Delaware 91-1826443
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
3800 S.E. 22nd Avenue
Portland, Oregon 97202
(Address of principal executive offices) (Zip Code)
(503) 232-8844
(Registrant's telephone number, including area code)
Not applicable.
(Former name, former address and former fiscal year,
if changed since last report.)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports); and (2) has been subject to such
filing requirements for the past 90 days.
Yes [XX] No [ ]
Number of shares of Common Stock outstanding at June 6, 1998: 151,633,382
<PAGE>
TABLE OF CONTENTS
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K ................................... 3
Signatures .................................................................. 4
2
<PAGE>
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits
27A Restated Financial Data Schedule
27D Restated Financial Data Schedule for each fiscal quarter of 1997
3
<PAGE>
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.
FRED MEYER, INC.
(Registrant)
Dated: July 24, 1998 DAVID R. JESSICK
-----------------------------------------
David R. Jessick
Executive Vice President of Finance
4
<PAGE>
EXHIBIT INDEX
Exhibit Sequential
Number Document Description Page Number
- ------- -------------------- -----------
27A Restated Financial Data Schedule
27D Restated Financial Data Schedule for each
fiscal quarter of 1997
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S
CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-30-1999
<PERIOD-END> MAY-23-1998
<CASH> 163,773
<SECURITIES> 0
<RECEIVABLES> 123,745
<ALLOWANCES> 0
<INVENTORY> 1,795,974
<CURRENT-ASSETS> 2,405,047
<PP&E> 4,464,627
<DEPRECIATION> 964,044
<TOTAL-ASSETS> 9,888,978
<CURRENT-LIABILITIES> 2,332,820
<BONDS> 4,815,013
0
0
<COMMON> 1,526
<OTHER-SE> 2,077,466
<TOTAL-LIABILITY-AND-EQUITY> 9,888,978
<SALES> 4,040,448
<TOTAL-REVENUES> 4,040,448
<CGS> 2,849,017
<TOTAL-COSTS> 1,010,978
<OTHER-EXPENSES> 208,965
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 99,811
<INCOME-PRETAX> (128,323)
<INCOME-TAX> (32,770)
<INCOME-CONTINUING> (95,553)
<DISCONTINUED> 0
<EXTRAORDINARY> (216,441)
<CHANGES> 0
<NET-INCOME> (311,994)
<EPS-PRIMARY> (2.15)
<EPS-DILUTED> (2.15)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> JAN-31-1998 JAN-31-1998 JAN-31-1998
<PERIOD-END> MAY-24-1997 AUG-16-1997 NOV-08-1997
<CASH> 127,979 112,737 194,520
<SECURITIES> 0 0 0
<RECEIVABLES> 49,199 56,759 136,501
<ALLOWANCES> 0 0 0
<INVENTORY> 742,968 747,998 1,320,879
<CURRENT-ASSETS> 988,731 993,581 1,807,110
<PP&E> 2,118,831 2,111,204 3,144,287
<DEPRECIATION> 728,729 755,218 802,317
<TOTAL-ASSETS> 2,789,046 2,751,686 5,589,769
<CURRENT-LIABILITIES> 716,477 684,451 1,354,920
<BONDS> 958,397 917,945 2,285,700
0 0 0
0 0 0
<COMMON> 976 978 1,279
<OTHER-SE> 907,730 941,654 1,622,427
<TOTAL-LIABILITY-AND-EQUITY> 2,789,046 2,751,686 5,589,769
<SALES> 1,593,437 3,051,039 4,996,582
<TOTAL-REVENUES> 1,593,437 3,051,039 4,996,582
<CGS> 1,121,354 2,145,174 3,515,613
<TOTAL-COSTS> 416,787 785,322 1,280,496
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 18,648 36,015 66,189
<INCOME-PRETAX> 36,648 84,528 134,284
<INCOME-TAX> 14,135 32,563 53,654
<INCOME-CONTINUING> 22,513 51,965 80,630
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 (91,210)
<CHANGES> 0 0 0
<NET-INCOME> 22,513 51,965 (10,580)
<EPS-PRIMARY> 0.27 0.58 (0.11)
<EPS-DILUTED> 0.25 0.56 (0.10)
</TABLE>
