UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report: January 4, 2001
WILD OATS MARKETS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21577 84-1100630
(State or other jurisdiction of Commission File Number (I.R.S. Employer
incorporation or organization) Identification Number)
3375 Mitchell Lane
Boulder, Colorado 80301
(Address of principal executive offices, including zip code)
(303) 440-5220
(Registrant's telephone number, including area code)
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Item 9. Regulation FD Disclosure
Consistent with the projections given by Wild Oats Markets, Inc. in its last
quarterly earnings release, the Company still projects annual earnings per share
for 2001 to approximate $0.30-$0.35. Stated on a quarterly basis, earnings per
share for 2001 are expected to reflect year-over-year decreases of approximately
70%-80% in the first half of 2001, with the decrease being larger in the first
quarter than the second quarter, and year-over-year increases of approximately
65%-75% in the third quarter of 2001 and approximately 175%-200% in the fourth
quarter of 2001. These projected year-over-year quarterly comparisons in
earnings per share are exclusive of restructuring charges in the second and
fourth quarters of 2000. Sequentially in 2001, earnings per share are projected
to increase each quarter throughout 2001, with slightly larger increases in the
second half of the year. These projected earnings trends result in part from the
Company's restructuring initiatives, which were announced initially in May 2000
and expanded in October 2000.
Except for the historical information contained herein, this document contains
forward-looking statements that involve risks and uncertainties. Such
forward-looking statements include expected future earnings per share, and the
future financial measures and the prospects for growth and performance as a
result of the Company's restructuring initiatives and strategic plan. The
statements made by the Company are based on management's present expectations
and actual results may differ from the results indicated or otherwise implied by
such forward-looking statements due to certain risks and uncertainties
including, but not limited to, the timing and execution of new store openings,
relocations, remodels, sales or closures, the timing and results of the
Company's restructuring initiatives, the timing and impact of promotional and
advertising campaigns, the impact of competition, the availability and
integration of acquisitions, changes in product supply, changes in management
information needs, changes in customer needs and expectations, governmental and
regulatory actions, customer reaction to the Company's strategic plan and
remodels, closures and relocations, changes in the overall economy and general
industry or business trends or events, as well as the other risks detailed from
time to time in the Company's SEC filings, including the quarterly report on
Form 10-Q for the fiscal quarter ended September 30, 2000 and the Annual Report
on Form 10-K for the fiscal year ended January 1, 2000. These risk factors may
not be an all-inclusive enumeration of the business risks faced by Wild Oats.
Investors should recognize that the reliability of any projected financial data
diminishes the farther in the future the data is projected. The statements made
by management of the Company and summarized above represent their views as of
the date of this Form 8-k filing, and it should not be assumed that the
statements made herein remain accurate as of any future date. Wild Oats does not
presently intend to update these statements and undertakes no duty to any person
to effect any such update under any circumstances.
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, thereunto duly authorized, on the 4th day of January, 2001.
Wild Oats Markets, Inc.
By /s/ Mary Beth Lewis
Mary Beth Lewis
Vice President, Finance and Chief Financial Officer
(Principal Financial and Accounting Officer)
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