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): January 16, 1998
SHOPKO STORES, INC.
(Exact name of registrant as specified in its charter)
Minnesota 1-10876 41-0985054
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
700 Pilgrim Way
Green Bay, Wisconsin 54304
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(920) 497-2211
<PAGE>
Item 5. Other Events.
On August 13, 1997, the Board of Directors of
ShopKo Stores, Inc. ("ShopKo") approved a change in
ShopKo's fiscal year to conform to the National Retail
Federation Retail Calendar. The current fiscal year,
fiscal 1997, ends on January 31, 1998, and will consist
of a period of 49 weeks. The fourth quarter of fiscal
1997 will consist of nine weeks compared to 13 weeks in
the fourth quarter of the preceding fiscal year.
In order to assist ShopKo's shareholders and
others in comparing ShopKo's financial results reported
on the new fiscal calendar with ShopKo's results in
preceding periods, attached hereto is unaudited
financial information for ShopKo for each quarter of
fiscal 1996, for the full year of fiscal 1996, and for
each of the first three quarters of fiscal 1997 as if
ShopKo had been using the National Retail Federation
Retail Calendar as its fiscal year for those periods
(the "Unaudited Financial Information"). The Unaudited
Financial Information should be read in conjunction
with ShopKo's Annual Report on Form 10-K for the fiscal
year ending February 22, 1997, and ShopKo's Quarterly
Reports on Form 10-Q for the first three quarters of
the current fiscal year.
This Form 8-K and the attachments hereto may
contain forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward looking
statements are based upon management's assumptions and
beliefs in light of information currently available to
it and are subject to important factors which could
cause ShopKo's actual results to differ materially from
those anticipated in such forward-looking statements.
These factors include those referenced in ShopKo's
Annual Report on Form 10-K or as may be described from
time to time in ShopKo's subsequent SEC filings.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit Number Description
99.1 Unaudited Financial Information.
<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 hereunto duly authorized.
Dated: January 16, 1998 SHOPKO STORES, INC.
By: /s/ Richard D. Schepp
--------------------------
Richard D. Schepp
Senior Vice President
General Counsel/Secretary
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
99.1 Unaudited Financial Information.
ShopKo Stores, Inc.
Unaudited Financial Information
(Amounts in Thousands)
<TABLE>
<CAPTION>
F1997 ACTUAL F1996 ACTUAL
QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 4 TOTAL
(02/02/97- (05/04/97-(08/03/97- (02/04/96- (05/05/96- (08/04/96- (11/03/96- YEAR
05/03/97) 08/02/97) 11/01/97) 05/04/96) 08/03/96) (11/02/96) (02/01/97)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET SALES
RETAIL STORE 445,838 476,840 496,438 421,981 454,010 495,938 628,901 2,000,830
COMP % 5.1% 4.7% 0.0% 0.6% 3.0% 8.8% 9.6% 5.9%
PROVANTAGE 121,946 120,756 124,793 52,141 65,212 101,307 111,388 330,048
TOTAL % 133.9% 85.2% 23.2%
INTERCOMPANY (5,916) (6,655) (7,277) (3,971) (4,566) (5,208) (6,764) (20,509)
TOTAL NET 561,868 590,941 613,954 470,151 514,656 592,037 733,525 2,310,369
SALES
EARNINGS BEFORE
INCOME TAXES
RETAIL STOR 14,938 21,786 21,501 12,609 19,231 20,161 62,528 114,529
PROVANTAGE 2,320 2,968 3,191 1,748 2,659 3,239 1,581 9,227
CORPORATE (5,672) (5,076) (4,464) (4,025) (4,257) (3,565) (4,694) (16,541)
NONRECURRING (2,800)
CHARGE
INTEREST (7,122) (8,050) (8,853) (7,839) (7,778) (8,549) (7,834) (32,000)
EXPENSE
EARNINGS 1,664 11,628 11,375 2,493 9,855 11,286 51,581 75,215
BEFORE
INCOME TAXES
PROVISION FOR 653 4,568 4,467 979 3,873 4,432 20,262 29,546
INCOME TAXES
NET EARNINGS 1,011 7,060 6,908 1,514 5,982 6,854 31,319 45,669
EPS - BASIC 0.03 0.24 0.27 0.05 0.19 0.21 0.97 1.42
EPS - DILUTED 0.03 0.23 0.26 0.05 0.18 0.21 0.96 1.40
</TABLE>
