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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Golden Enterprises, Inc. (MM) | NASDAQ:GLDC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.996 | 11.60 | 12.34 | 0 | 01:00:00 |
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) July 16, 2015
GOLDEN ENTERPRISES,
INC.
(Exact
name of registrant as specified in its charter)
DELAWARE |
0-4339 |
63-0250005 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer ID No.) |
One Golden Flake Drive, Birmingham, Alabama |
35205 |
|
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including
area code: (205) 458-7316
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))
On July 16, 2015 the Company issued a press release, a copy of which is included with this Report as Exhibit 99.1.
Item 2.02 |
Results of Operations and Financial Condition |
(c) Exhibits.
Exhibit No. |
Description |
|||
99.1 |
Press Release dated July 16, 2015 |
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 hereunto duly authorized.
Dated: |
July 16, 2015 |
||
GOLDEN ENTERPRISES, INC. |
|||
|
|||
|
|
By: |
/s/ Patty Townsend |
Patty Townsend |
|||
Vice President, CFO & Secretary |
Exhibit Index
Exhibit No. | Description | ||
99.1 |
Press Release dated July 16, 2015 |
Exhibit 99.1
Golden Enterprises Announces Quarterly and Annual Results
BIRMINGHAM, Ala.--(BUSINESS WIRE)--July 16, 2015--Golden Enterprises, Inc.’s Board of Directors today declared a quarterly dividend of $.03125 per share payable August 5, 2015 to stockholders of record on July 27, 2015.
Golden Enterprises, Inc.’s basic and diluted income for the thirteen weeks ended May 29, 2015 were $.06 net income compared to $.06 for the thirteen weeks ended May 30, 2014 on net sales of $34,048,700 versus $35,127,812.
For the 52 weeks ended May 29, 2015, net income was $.15 per share compared to $ .08 per share in the 52 weeks ended May 30, 2014. Increased income per share of $.07 this year ($.02 net of restructure charges last year), were achieved through improvements in manufacturing margins and mix, as well as improved efficiencies in selling and delivery.
Fiscal year 2015 was a year of strategic improvements. Operational income increased $316,545, while net income increased $184,739 without restructuring charge over prior year.
As we continue to develop and expand our manufactured product portfolio, and invest in our operations, we are positioned to grow our sales through effective and efficient product offerings to our consumers.
The following is a summary of net sales and income information.
Three Months Ended |
Twelve Months Ended |
||||||||||||||||
|
Thirteen Weeks Ended |
52 Weeks Ended | 52 Weeks Ended | ||||||||||||||
May 29, 2015 | May 30, 2014 | May 29, 2015 | May 30, 2014 | ||||||||||||||
Net Sales | $ | 34,048,700 | $ | 35,127,812 | $ | 131,724,721 | $ | 135,896,895 | |||||||||
Income before income taxes | 1,090,834 | 1,013,261 | 3,066,430 | 1,593,888 | |||||||||||||
Income taxes | 397,469 | 328,303 | 1,292,589 | 672,059 | |||||||||||||
Net income | 693,365 | 684,958 | 1,773,841 | 921,829 | |||||||||||||
Basic and diluted income per share |
$ |
0.06 |
$ |
0.06 |
$ |
0.15 |
$ |
0.08 |
|||||||||
Basic weighted shares outstanding |
11,291,757 | 11,732,632 | 11,552,164 | 11,732,632 | |||||||||||||
|
|||||||||||||||||
Diluted weighted shares outstanding |
11,321,992 | 11,732,632 | 11,582,399 | 11,732,632 | |||||||||||||
This News Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those forward-looking statements. Factors that may cause actual results to differ materially include price competition, industry consolidation, raw material costs and effectiveness of sales and marketing activities, as described in the Company’s filings with the Securities and Exchange Commission.
CONTACT:
Golden Enterprises, Inc.
Patty Townsend, 205-458-7132
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