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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): August 3, 2006
0-15898
(Commission File Number)
______________________________
CASUAL MALE RETAIL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-2623104
(State of Incorporation) (IRS Employer
Identification Number)
555 Turnpike Street, Canton, Massachusetts 02021
(Address of registrant's principal executive office)
(781) 828-9300
(Registrant's telephone number)
______________________________
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 August 3, 2006, Casual Male Retail Group, Inc. (the "Company") issued a
press release announcing the Company's sales for the second
quarter and six months of fiscal 2006. A copy of this press release is
attached hereto as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
----------- ------------
99.1 Press Release announcing sales for
the second quarter and six months of fiscal 2006
for Casual Male Retail Group, Inc.
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.
CASUAL MALE RETAIL GROUP, INC.
By: /s/ Dennis R. Hernreich
---------------------------
Name: Dennis R. Hernreich
Title: Executive Vice President
and Chief Financial Officer
Date: August 3, 2006
For Information Contact:
Company Contact:
Jeff Unger, Investor Relations
(561) 514-0115
Andrew Bard, Weber Shandwick Worldwide
(212) 445-8368
Casual Male Retail Group Reports
Second Quarter Total Comparable Sales Increase of 10.6%
CANTON, MA, August 3, 2006 -- Casual Male Retail Group, Inc.
(NASDAQ/NMS: "CMRG"), retail brand operator of Casual Male XL and
Rochester Big & Tall, today reported its sales results for the second
quarter and six months of fiscal 2006.
Total sales for the 13 week period ended July 29, 2006 increased 11.2%
to $111.9 million from $100.6 million for the prior year's comparable
13 week period ended July 30, 2005. Comparable sales for the second
quarter of fiscal 2006 increased 10.6% when compared with the second
quarter of fiscal 2005.
For the six months ended July 29, 2006, total sales increased 8.5% to
$214.7 million from $197.9 million for the six months ended July 30,
2005. Comparable sales for the six months of fiscal 2006 increased
8.1% when compared with the six months of the prior year.
"This is our 11th consecutive quarter of comparable sales increases and
this quarter's sales performance is at the highest level since we
acquired Casual Male in 2002," said David Levin, President and CEO of
Casual Male Retail Group, Inc. "The keys to our success this quarter
were the strong sell-throughs of our spring merchandise and our
continued improvement in size management. Furthermore, our additional
investment in the direct-to-consumer business generated strong growth
in both our catalog and internet channels. In addition, the
transformation to Casual Male XL is generating new customers who are
younger and/or smaller than our current shopper. In the next two weeks
we will have a new floor set focusing on a transition to fall, which is
one month earlier than last year. Based upon our strong sales results,
we expect to exceed our internal plan and earn $0.08 to $0.09 per
diluted share for the second quarter of fiscal 2006 compared to $0.04
per diluted share last year."
The Company expects to release its second quarter fiscal 2006 earnings
on August 17, 2006 and will hold a conference call and web cast at
11:00 AM ET at http://www.casualmale.com/investor.
During the conference call, the Company may discuss and answer
questions concerning business and financial developments and trends.
The Company's responses to questions, as well as other matters
discussed during the conference call, may contain or constitute
information that has not been disclosed previously.
Casual Male Retail Group, Inc., the largest retailer of big and tall
men's apparel with retail operations throughout the United States,
Canada and London, England, operates 484 Casual Male XL stores, the
Casual Male e-commerce site, Casual Male catalog business, 12 Casual
Male at Sears-Canada stores, 24 Rochester Big & Tall stores and a
direct-to-consumer business. The Company is headquartered in Canton,
Massachusetts, and its common stock is listed on the NASDAQ National
Market under the symbol "CMRG."
The discussion of forward-looking information requires management of
the Company to make certain estimates and assumptions regarding the
Company's strategic direction and the effect of such plans on the
Company's financial results. The Company's actual results and the
implementation of its plans and operations may differ materially from
forward-looking statements made by the Company. The Company encourages
readers of forward-looking information concerning the Company to refer
to its prior filings with the Securities and Exchange Commission that
set forth certain risks and uncertainties that may have an impact on
future results and direction of the Company.
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