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JNY > SEC Filings for JNY > Form 8-K on 31-Jul-2013All Recent SEC Filings

Show all filings for JONES GROUP INC

Form 8-K for JONES GROUP INC


31-Jul-2013

Results of Operations and Financial Condition, Regulation FD Disclosure, Financia


Item 2.02 Results of Operations and Financial Condition.

On July 31, 2013, The Jones Group Inc. (the "Company") issued a press release reporting its results of operations for the fiscal quarter and six months ended July 6, 2013.

A copy of the press release is attached as Exhibit 99.1 to this report.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The press release attached as Exhibit 99.1 contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. To supplement the Company's consolidated financial statements presented in accordance with GAAP, it is presenting non-GAAP information regarding the effect on earnings per share from costs related to, among other things:

severance, fixed asset impairment and other charges and credits related to the closure of underperforming retail locations;

the amortization of certain acquired intangible assets from the acquisitions of KG Group Holdings Limited and the fair value adjustment of the contingent consideration payable for the Stuart Weitzman Holdings, LLC and Moda Nicola International, LLC acquisitions;

investment consulting fees, legal fees, accounting fees and other items related to the acquisitions and other business development activities;

severance and restricted stock amortization related to executive management changes;

present value accruals and adjustments for liabilities related to leases on properties currently not in use; and

severance, occupancy, and other costs related to the exit from certain product lines or restructuring of corporate and business support functions and other charges not considered by management to be part of ongoing operations.

These non-GAAP measures are provided to enhance the user's overall understanding of the Company's current financial performance. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by excluding certain expenses that may not be indicative of the Company's core operating results. In addition, because the Company has historically reported certain non-GAAP results to investors, the Company believes the inclusion of non-GAAP numbers provides consistency in its financial reporting. These measures should be considered in addition to results prepared in accordance with GAAP, but are not a substitute for or superior to GAAP results. The non-GAAP measures of adjusted net income and adjusted diluted earnings per share included in the attached press release have been reconciled to the equivalent GAAP measure.



Item 7.01 FD Disclosure.

PowerPoint Slide Presentation

A copy of the PowerPoint slide presentation to be made during the conference call with Company management on July 31, 2013 concerning the Company's results of operation for the fiscal quarter ended July 6, 2013 is attached as Exhibit 99.2 to this report.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description
99.1 Press Release of the Registrant dated July 31, 2013.
99.2 PowerPoint slide presentation dated July 31, 2013.


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