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):  May 16, 2005

 

MOTHERS WORK, INC.

(Exact name of Registrant as specified in Charter)

 

Delaware

 

0-21196

 

13-3045573

(State or Other Jurisdiction
of Incorporation or
Organization)

 

Commission
File number

 

(I.R.S. Employer
Identification Number)

 

456 North 5th Street

Philadelphia, PA 19123

(Address of Principal Executive Offices)

 

(215) 873-2200

(Registrant’s telephone number, including
area code)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 



 

Item 2.02. Results of Operations and Financial Condition

 

On May 16, 2005, Mothers Work, Inc. (“Mothers Work” or the “Company”) issued a press release and on May 17, 2005 held a broadly accessible conference call to discuss its financial results for its second fiscal quarter and six months ended March 31, 2005.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.  Exhibit 99.2 attached hereto and incorporated by this reference sets forth the transcript of the prepared remarks made by representatives of Mothers Work during the conference call.  Exhibit 99.3 attached hereto and incorporated by this reference sets forth certain financial information discussed on the conference call that was not included in the press release.

 

The press release and the comments by Mothers Work representatives during the conference call contained non-GAAP financial measures within the meaning of the Securities and Exchange Commission’s Regulation G.  Mothers Work believes that the non-GAAP financial measure EBITDA (earnings before interest, taxes, depreciation and amortization) and the measure selling, general and administrative (SG&A) expenses excluding depreciation and amortization, together with the percentage of net sales represented by these measures, provide useful information about the Company’s results of operations to both investors and management because they constitute informative gauges of operating profitability.  These measures provide information that the Company believes investors and securities research analysts in retailing and other businesses view as important and commonly use to evaluate the Company’s financial performance and prospects for the future, and to make investment decisions.  These measures are also significant to institutional lenders, and they are considered important internal benchmarks of performance by the Company.  These measures should be considered in addition to, and not as a substitute for, or superior to, GAAP measures.

 

With respect to each non-GAAP financial measure discussed in the press release, Mothers Work has provided, as an attachment to such press release, a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure.

 

The disclosure in this Current Report, including in the Exhibits attached hereto, of any financial information shall not constitute an admission that such information is material.

 

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Item 9.01. Financial Statements and Exhibits

 

The following exhibits are furnished with this Form 8-K:

 

Exhibit
No.

 

Description

99.1

 

Press release of Mothers Work, Inc. issued May 16, 2005

99.2

 

Transcript of prepared remarks for second quarter (FY 2005) earnings release conference call held May 17, 2005

 

 

 

 

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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 duly authorized.

 

 

Date: May 20, 2005

MOTHERS WORK, INC.

 

By:

/s/ Edward M. Krell

 

 

 

Edward M. Krell

 

 

Executive Vice President - Chief Financial Officer

 

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EXHIBIT INDEX

 

Exhibit
No.

 

Description

99.1

 

Press release of Mothers Work, Inc. issued May 16, 2005

99.2

 

Transcript of prepared remarks for second quarter (FY 2005) earnings release conference call held May 17, 2005

 

 

 

 

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