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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): November 4, 1997
CONSOLIDATED STORES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-8897 06-1119097
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(State or other jurisdiction (Commission File Number) (IRS Identification No.)
of incorporation)
1105 North Market Street, Suite 1300
P. O. Box 8985
Wilmington, DE 19899
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 478-4896
Not applicable
(Former name or former address, if changed since last report.)
Form 8-K Page 1 of 3
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Item 5. Other Events
Post-Merger Financial Results
Consolidated Stores Corporation ("Consolidated" or the "Company") is filing
summary statement of operations data for the month ended February 28, 1998,
and summary balance sheet data at February 28, 1998. All figures reflect the
merger between a subsidiary of Consolidated and Mac Frugal's Bargains o
Close-outs, Inc. ("Mac Frugal's") on January 16, 1998, which was accounted for
as a pooling of interests. The statement of operations data for the month ended
February 28, 1998, and the balance sheet data at February 28, 1998, are derived
from Consolidated's unaudited consolidated financial statements.
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For the Month
Ended
(In thousands except per share amounts) February 28, 1998
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Net sales $240,544
Net loss (4,466)
Loss per share:
Basic (0.04)
Assuming dilution (0.04)
February 28, 1998
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Total assets $1,785,961
Total liabilities 747,423
Total shareowners' equity 1,038,538
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Because of rules pertaining to pooling of interests accounting, at least 30 days
of post-merger financial results for the combined Consolidated and Mac Frugal's
must be published at this time. This is the first time that Consolidated has
published a single month's results. Because this is so unusual, Consolidated
cautions that fluctuations in monthly results are not necessarily the same as
the trends that would be evident in quarterly reporting, just as the seasonal
variation inherent in quarterly results are not apparent in annual results.
For example, the Company has historically experienced, and expects to continue
to experience, seasonal fluctuations with a significant percentage of its net
sales and income being realized in the fourth fiscal quarter. In addition, the
Company's quarterly results can be affected by the timing of store openings and
closings, the amount of net sales contributed by new and existing stores and the
timing of certain holidays.
Form 8-K Page 2 of 3
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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.
CONSOLIDATED STORES CORPORATION
Dated: March 17, 1998 By: /s/ Michael J. Potter
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Michael J. Potter
Executive Vice President and
Chief Financial Officer
Form 8-K Page 3 of 3
