TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On May 22, 2017, Trans World Entertainment Corporation issued a
press release announcing its financial results for its fiscal
first quarter ended April 29, 2017. A copy of Trans World
Entertainment Corporations press release is furnished with this
report as Exhibit 99.1, and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K is being furnished
under Item 2.02 and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934 (the
Exchange Act) or otherwise subject to the liabilities of such
section, nor shall such information be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the
Exchange Act.
ITEM 7.01. REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.2 is the transcript for the
earnings conference call of Trans World Entertainment Corporation
held on May 22, 2017. The information in this Current Report on
Form 8-K, including the exhibit attached hereto shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities under that Section. Furthermore, such information,
including the exhibit attached hereto, shall not be deemed to be
incorporated by reference in any filing under the Securities Act
of 1933, as amended, except as shall be expressly set forth by
specific reference in such filing.
Certain information contained in this Current Report on Form 8-K,
including information in Exhibit 99.2 hereto, is forward-looking
information based on current expectations and plans that involve
risks and uncertainties. Forward-looking information includes,
among other things, statements concerning results of operations
and Trans World Entertainment Corporations strategies. Trans
World Entertainment Corporation cautions that there are factors
that can cause actual results to differ materially from the
forward-looking information that has been provided. The reader is
cautioned not to put undue reliance on this forward-looking
information, which is not a guarantee of future performance and
is subject to a number of uncertainties and other factors, many
of which are outside the control of Trans World Entertainment
Corporation; accordingly, there can be no assurance that such
suggested results will be realized. For a list of Trans World
Entertainment Corporations risk factors, see the Companys Annual
Filing on Form 10-K with the Securities and Exchange Commission
for the year ended January 28, 2017.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS. The following are furnished as Exhibits to this
Report:
| Exhibit | |||
| No. | Description | ||
| 99.1 |
Trans World Entertainment Corporation Press Release dated May 22, 2017. |
||
| 99.2 |
Trans World Entertainment Corporation Transcript for Earnings Call held on May 22, 2017. |
About TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC)
Trans World Entertainment Corporation is a specialty retailer of entertainment products, including trend, video, music, electronics and related products. The Company operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. It owns interest in Record Town, Inc., through which its principal operations are conducted. It operates over 270 mall-based stores under the For Your Entertainment (f.y.e.) brand, including f.y.e. stores and video only stores. The Company operates over 260 mall-based f.y.e. stores, which carry entertainment products, including video, music, trend, electronics, video games and related products. It operates over nine video-only stores under the Suncoast Motion Pictures brand, which specialize in the sale of video and related product. It operates approximately 30 freestanding stores under the f.y.e. brand, which carries entertainment products, including video, music, trend, electronics, video games and related products. TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) Recent Trading Information
TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) closed its last trading session up +0.05 at 1.65 with 58,118 shares trading hands.