Footstar, Inc. said on Thursday that it will not file its Quarterly Report on Form 10-Q on August 12, 2003, when it is due.
The Company continues to work with KPMG as it completes its audit and review of the Company's financial statements following the discovery last November of accounting discrepancies, which will require a restatement of the Company's financial results for the first half of 2002 and prior periods. After KPMG completes its review, the Company expects to release the results of the restatement, its audited financial results for fiscal 2002, and its results for the first and second quarters of fiscal 2003.
