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) N/A
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Heilig-Meyers Company
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(Exact name of registrant as specified in its charter)
Virginia 1-8484 54-0558861
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
12560 West Creek Parkway, Richmond, Virginia 23238
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 784-7300
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 7, 1998, Heilig-Meyers Company (the "Company") issued a
press release reporting November sales, which is attached hereto as Exhibit 99
and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following exhibit is filed as a part of this report:
Exhibit 99 - Press Release dated December 7, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
HEILIG-MEYERS COMPANY
Date: December 8, 1998 By: /s/ Roy B. Goodman
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Roy B. Goodman
Senior Vice President,
Principal Financial Officer
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Exhibit Index
Exhibit
No. Description
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99 Press Release dated December 7, 1998
EXHIBIT 99
FOR IMMEDIATE RELEASE DECEMBER 7, 1998
Heilig-Meyers Company Reports November Sales
Richmond, VA: Heilig-Meyers Company (NYSE: HMY) reported consolidated
sales for the month ended November 30, 1998, of approximately $250.7 million,
2.9% ahead of sales of $243.6 million in the prior year month.
Comparable store sales for the month of November decreased approximately 1.5%.
For the nine months ended November 30, 1998, the Company reported
consolidated sales of approximately $1.8 billion, 15.0% ahead of sales of $1.6
billion in the prior year period. Comparable store sales for the nine-month
period increased approximately 2.7%.
Management commented that, as a result of lower than expected sales and
underperformance in the Company's Rhodes division, earnings for the third
quarter ended November 30, 1998, would be significantly below current analyst's
expectations. The Company will report third quarter results on December 16,
1998, post market close.
Heilig-Meyers Company is the Nation's largest retailer of furniture,
bedding and related items. As of November 30, 1998, the Company operated 1,242
stores: 814 as Heilig-Meyers, 230 as Mattress Discounters, 95 as Rhodes, 71 as
The RoomStore and 32 in Puerto Rico as Berrios.
