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FORM 10-Q/A
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 28, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _____ to _____
Commission File Number 0-21768
D.I.Y. Home Warehouse, Inc.
---------------------------
(Exact name of registrant as specified in its charter)
State of Ohio 38-2560752
(State of Incorporation) (I.R.S. Employer I.D. No.)
5811 Canal Road
Valley View, Ohio 44125
(216) 328-5100
(Address of principal executive offices and telephone number)
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 X No_____
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at June 28, 1997
- -------------------------- ----------------------------
Common Stock, no par value 7,633,859
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D.I.Y. HOME WAREHOUSE, INC.
CONDENSED STATEMENT OF INCOME
(Unaudited)
<TABLE>
<CAPTION>
For the three months ended For the six months ended
June 28, June 29, June 28, June 29,
1997 1996 1997 1996
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Net sales $ 66,857,265 $ 68,168,668 $ 106,509,276 $ 107,312,573
Cost of sales 49,473,971 51,282,094 77,464,552 79,660,896
------------- ------------- ------------- -------------
Gross profit 17,383,294 16,886,574 29,044,724 27,651,677
Store operating, general
and administrative expenses 13,563,021 12,822,932 25,048,804 23,193,444
------------- ------------- ------------- -------------
Operating income 3,820,273 4,063,642 3,995,920 4,458,233
Other expense, net (498,699) (623,668) (826,298) (1,199,581)
------------- ------------- ------------- -------------
Income before income taxes 3,321,574 3,439,974 3,169,622 3,258,652
Income taxes 1,352,270 1,410,389 1,289,986 1,337,858
------------- ------------- ------------- -------------
Net income $ 1,969,304 $ 2,029,585 $ 1,879,636 $ 1,920,794
============= ============= ============= =============
Earnings per share $ 0.26 $ 0.27 $ 0.25 $ 0.25
============= ============= ============= =============
Weighted average
common shares outstanding 7,633,859 7,625,000 7,633,789 7,625,000
============= ============= ============= =============
</TABLE>
See accompanying notes to condensed financial statements.
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PART II OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
--------------------------------
(a) Exhibits:
A list of the exhibits required by Item 601 of Regulation S-K to
be filed as a part of this Form 10-Q is shown on the "Exhibit
Index" filed herewith.
(b) Reports on Form 8-K:
None
Signature
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.
D.I.Y. HOME WAREHOUSE, INC.
(Registrant)
DATED: August 19, 1997
---------------------
By: Marilyn A. Eisele
--------------------------------------
Vice President - Administration
and Finance, Chief Financial Officer
