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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
(Mark One)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1994
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 1-542
GROSSMAN'S INC.
(Exact name of registrant as specified in its charter)
Delaware 38-0524830
(State or other jurisdiction of (I.R.S. Employer
in corporation or organization) Identification No.)
200 Union Street
Braintree, Massachusetts 02184
(Address of principal executive offices) (Zip Code)
(617) 848-0100
(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 Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter periods that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
Indicate the number of shares outstanding of the issuer's classes of
common stock, as of the latest practicable date.
Common Stock - $.01 Par Value - 25,759,696 shares as of May 2, 1994, exclusive
of 377,671 shares held as treasury shares.
The following page includes a correction to the 1994 Sale % Increase
(Decrease) Versus Prior Year for the Contractors' Warehouse Division.
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<TABLE>
Three months ended March 31, 1994 compared with three months ended March 31,
1993 (Continued)
<CAPTION>
Three Months
Ended March
----------------
1994 1993
---- ----
<S> <C> <C>
Sales
Grossman's Stores
Retail Sales $ 43.4 $ 53.0
------ ------
Professional Sales 34.9 41.8
Total Grossman's Stores 78.3 94.8
Mr. 2nd's Bargain Outlet Stores 8.5 9.2
Contractors' Warehouse Division 48.3 37.6
------ ------
Total $135.1 $141.6
====== ======
% of Total Sales
Grossman's Stores
Retail Sales 32.1% 37.4%
Professional Sales 25.8 29.5
------ ------
Total Grossman's Stores 57.9 66.9
Mr. 2nd's Bargain Outlet Stores 6.3 6.5
Contractors' Warehouse Division 35.8 26.6
------ ------
Total 100.0% 100.0%
======= =======
Sales % Increase (Decrease)
Versus Prior Year
Grossman's Stores
Retail Sales (18.7)% (27.5)%
Professional Sales (16.5) 14.8
------ ------
Total Grossman's Stores (17.7) (13.4)
Mr. 2nd's Bargain Outlet Stores (7.6) (8.9)
Contractors' Warehouse Division 28.5 10.9
------ ------
Total (4.6)% (7.8)%
====== ======
Comparable Store Sales %
Increase (Decrease)
Versus Prior Year
Grossman's Stores
Retail Sales (3.4)% (26.4)%
Professional Sales 13.3 15.5
------ ------
Total Grossman's Stores 3.4 (12.4)
Mr. 2nd's Bargain Outlet Stores (4.9) (18.6)
Contractors' Warehouse Division 0.3 3.0
------ ------
Total 1.9 % (9.3)%
====== ======
</TABLE>
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