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 EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 9, 2005
-------------
A.C. Moore Arts & Crafts, Inc.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Pennsylvania 000-23157 22-3527763
-----------------------------------------------------------------------------------------------------------------------------------
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
130 A.C. Moore Drive, Berlin, NJ 08009
-----------------------------------------------------------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 768-4930
--------------
Not Applicable
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 9, 2005, the Registrant issued a press release. A copy of the
press release is furnished as Exhibit 99.1 to this Current Report.
The press release includes a net income growth ratio which excludes the
impact of the Company's change in accounting for cooperative advertising, which
is a non-GAAP financial measure. For purposes of SEC Regulation G, a non-GAAP
financial measure is a numerical measure of a registrant's historical or future
financial performance, financial position or cash flows that excludes amounts,
or is subject to adjustments that have the effect of excluding amounts, that are
included in the most directly comparable financial measure calculated and
presented in accordance with GAAP in the statement of operations, balance sheet
or statement of cash flows (or equivalent statements) of the registrant; or
includes amounts, or is subject to adjustments that have the effect of including
amounts, that are excluded from the most directly comparable financial measure
so calculated and presented. In this regard, GAAP refers to generally accepted
accounting principles in the United States of America.
Management uses a net income growth ratio without the accounting change
as a financial measure to assess the performance of the Company's business.
Management also believes that providing this information to investors assists
investors in analyzing and benchmarking the performance and value of the
Company's business.
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.
A.C. MOORE ARTS & CRAFTS, INC.
Date: March 9, 2005 By: /s/ Leslie H. Gordon
-------------------------------------
Name: Leslie H. Gordon
Title: Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
----------- ------------
99.1 Press release dated March 9, 2005.