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 13, 2007
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CIRCUIT CITY STORES, INC.
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of
incorporation or organization)
001-05767 54-0493875
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(Commission (I.R.S. Employer
File No.) Identification No.)
9950 Mayland Drive, Richmond, Virginia 23233
(Address of principal executive offices) (Zip Code)
(804) 486-4000
(Registrant's telephone number, including area code)
N/A
(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:
|_| 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))
SECTION 7 - REGULATION FD
Item 7.01. Regulation FD Disclosure.
Net Sales by Category.
In its Annual Report on Form 10-K for the fiscal year ended February 28, 2007,
the company modified its presentation of net sales by category to reflect total
net sales and reclassified amounts from the video and information technology
categories to warranty, services and other.
In this Form 8-K, the company is providing the revised segment net sales dollars
and percents by category for each quarter of fiscal years 2006 and 2007.
Domestic Segment
Fiscal Year 2006
Three Months Ended Fiscal Year Ended
May 31, 2005 August 31, 2005 November 30, 2005 February 28, 2006 February 28, 2006
% of % of % of % of % of
(Dollar amounts in millions) $ sales $ sales $ sales $ sales $ sales
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Video $ 842.1 39.8% $ 951.2 39.4% $1,180.2 43.2% $1,607.8 43.3% $ 4,581.3 41.7%
Information technology 542.8 25.7 698.7 28.9 669.1 24.5 820.9 22.1 2,731.5 24.9
Audio 318.8 15.1 351.8 14.6 400.6 14.7 614.1 16.5 1,685.4 15.4
Entertainment 255.5 12.1 223.4 9.3 285.6 10.5 435.9 11.7 1,200.4 10.9
Warranty, services and other 155.4 7.3 188.9 7.8 195.3 7.1 235.8 6.4 775.4 7.1
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Total $2,114.7 100.0% $2,414.0 100.0% $2,730.8 100.0% $3,714.5 100.0% $10,974.0 100.0%
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Fiscal Year 2007
Three Months Ended Fiscal Year Ended
May 31, 2006 August 31, 2006 November 30, 2006 February 28, 2007 February 28, 2007
% of % of % of % of % of
(Dollar amounts in millions) $ sales $ sales $ sales $ sales $ sales
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Video $1,031.9 41.5% $1,067.5 39.8% $1,313.6 45.1% $1,567.8 41.4% $4,980.8 42.0%
Information technology 618.8 24.9 743.0 27.7 659.6 22.7 838.0 22.1 2,859.4 24.1
Audio 380.6 15.3 388.7 14.5 409.9 14.1 599.8 15.9 1,779.0 15.0
Entertainment 258.8 10.4 242.1 9.1 322.4 11.1 498.1 13.2 1,321.4 11.1
Warranty, services and other 195.5 7.9 239.3 8.9 204.2 7.0 280.1 7.4 919.1 7.8
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Total $2,485.5 100.0% $2,680.6 100.0% $2,909.7 100.0% $3,783.7 100.0% $11,859.6 100.0%
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International Segment
Fiscal Year 2006
Three Months Ended Fiscal Year Ended
May 31, 2005 August 31, 2005 November 30, 2005 February 28, 2006 February 28, 2006
% of % of % of % of % of
(Dollar amounts in millions) $ sales $ sales $ sales $ sales $ sales
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Video $16.6 17.0% $ 23.7 19.5% $ 29.2 19.7% $ 32.8 19.1% $102.4 19.0%
Information technology 38.7 39.7 48.1 39.4 56.2 37.7 58.6 34.1 201.6 37.3
Audio 31.7 32.6 37.8 31.0 43.7 29.3 58.4 34.0 171.7 31.8
Entertainment 3.5 3.6 3.6 3.0 6.0 4.0 12.4 7.2 25.5 4.7
Warranty, services and other 7.0 7.1 8.7 7.1 13.8 9.3 9.6 5.6 39.1 7.2
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Total $97.5 100.0% $121.9 100.0% $148.9 100.0% $171.8 100.0% $540.2 100.0%
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Fiscal Year 2007
Three Months Ended Fiscal Year Ended
May 31, 2006 August 31, 2006 November 30, 2006 February 28, 2007 February 28, 2007
% of % of % of % of % of
(Dollar amounts in millions) $ sales $ sales $ sales $ sales $ sales
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Video $ 20.5 18.5% $ 27.4 19.9% $ 27.2 18.1% $ 31.4 18.4% $106.5 18.7%
Information technology 44.6 40.1 53.0 38.4 60.2 40.1 58.7 34.4 216.5 38.0
Audio 35.8 32.2 43.9 31.9 48.4 32.3 62.2 36.4 190.3 33.4
Entertainment 3.2 2.9 4.8 3.5 5.8 3.8 11.6 6.7 25.4 4.5
Warranty, services and other 7.0 6.3 8.7 6.3 8.6 5.7 7.0 4.1 31.3 5.4
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Total $111.1 100.0% $137.9 100.0% $150.2 100.0% $170.9 100.0% $570.2 100.0%
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CIRCUIT CITY STORES, INC.
By: /s/Philip J. Dunn
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Philip J. Dunn
Senior Vice President, Treasurer,
Corporate Controller and
Chief Accounting Officer
Date: August 13, 2007