Claires Stores 8-K Regulation FD Disclosure

Exhibit 99.1

CLAIRE’S STORES, INC. AND SUBSIDIARIES

(EXCLUDING UNRESTRICTED SUBSIDIARIES)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(in thousands)

	July 29, 2017
ASSETS
Current assets:
Cash and cash equivalents	$	30,689
Inventories		157,617
Prepaid expenses		18,772
Other current assets		25,136
Total current assets		232,214
Property and equipment:
Furniture, fixtures and equipment		224,812
Leasehold improvements		304,130
		528,942
Accumulated depreciation and amortization		(402,795	)
		126,147
Leased property under capital lease:
Land and building		18,055
Accumulated depreciation and amortization		(6,765	)
		11,290
Goodwill		1,132,575
Intangible assets, net of accumulated amortization		307,123
Other assets		43,337
		1,483,035
Total assets	$	1,852,686
LIABILITIES AND STOCKHOLDER’S DEFICIT
Current liabilities:
Trade accounts payable	$	71,017
Income taxes payable		5,117
Accrued interest payable		53,111
Accrued expenses and other current liabilities		83,904
Total current liabilities		213,149
Intercompany payables		81,487
Long-term debt, net		1,970,062
Revolving credit facility, net		44,361
Obligation under capital lease		16,187
Deferred tax liability		99,488
Deferred rent expense		33,867
Unfavorable lease obligations and other long-term liabilities		9,090
		2,254,542
Commitments and contingencies
Stockholder’s deficit:
Common stock		—
Additionalpaid-in capital		546,018
Accumulated other comprehensive loss, net of tax		(37,840	)
Accumulated deficit		(1,123,183	)
		(615,005	)
Total liabilities and stockholder’s deficit	$	1,852,666

CLAIRE’S STORES, INC. AND SUBSIDIARIES

(EXCLUDING UNRESTRICTED SUBSIDIARIES)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT

OF OPERATIONS

(in thousands)

	Three Months			Six Months
	Ended			Ended
	July 29, 2017			July 29, 2017
Net sales	$	316,637		$	616,258
Cost of sales, occupancy and buying expenses (exclusive of depreciation and amortization shown separately below)		161,583			313,371
Gross profit		155,054			302,887
Other expenses:
Selling, general and administrative		112,774			223,286
Depreciation and amortization		10,890			22,093
Severance and transaction-related costs		389			532
Other income, net		(2,171	)		(4,872	)
		121,882			241,039
Operating income		33,172			61,848
Interest expense, net		43,394			86,974
Loss before income tax expense		(10,222	)		(25,126	)
Income tax expense		10,266			2,120
Net loss	$	(20,488	)	$	(27,246	)

CLAIRE’S STORES, INC. AND SUBSIDIARIES

(EXCLUDING UNRESTRICTED SUBSIDIARIES)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(in thousands)

	Six Months
	Ended
	July 29, 2017
Cash flows from operating activities:
Net loss	$	(27,246	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		22,093
Amortization of lease rights and other assets		1,862
Amortization of debt issuance costs		4,312
Accretion of debt premium		(1,457	)
Non-cashpay-in-kind interest expense		750
Net unfavorable accretion of lease obligations		(55	)
Loss on sale/retirement of property and equipment, net		128
Stock-based compensation expense		156
(Increase) decrease in:
Inventories		(22,083	)
Prepaid expenses		(1,926	)
Other assets		(75	)
Increase (decrease) in:
Trade accounts payable		(709	)
Income taxes payable		(279	)
Accrued interest payable		(155	)
Accrued expenses and other liabilities		(6,994	)
Deferred income taxes		(359	)
Deferred rent expense		(1,196	)
Net cash used in operating activities		(33,233	)
Cash flows from investing activities:
Acquisition of property and equipment		(8,101	)
Acquisition of intangible assets/lease rights		(38	)
Net cash used in investing activities		(8,139	)
Cash flows from financing activities:
Proceeds from revolving credit facilities		81,000
Payments on revolving credit facilities		(41,200	)
Payments on short-term debt		(18,420	)
Payments of unamortized interest related to long-term debt		(1,857	)
Payment of debt issuance costs		(386	)
Principal payments of capital lease		(156	)
Intercompany activity, net		(2,915	)
Net cash provided by financing activities		16,066
Effect of foreign currency exchange rate changes on cash and cash equivalents		203
Net decrease in cash and cash equivalents		(25,103	)
Cash and cash equivalents, at beginning of period		55,792
Cash and cash equivalents, at end of period	$	30,689

Claire’s (Gibraltar) Holdings Limited

Unaudited Condensed Consolidated Balance Sheet

(in thousands)

	July 29, 2017
ASSETS
Current assets:
Cash and cash equivalents	$	20,028
Inventories		65,941
Prepaid expenses		14,797
Other current assets		10,033
Total current assets		110,799
Property and equipment:
Furniture, fixtures and equipment		71,559
Leasehold improvements		104,483
		176,042
Accumulated depreciation and amortization		(128,564	)
		47,478
Intercompany receivables		145,279
Goodwill		145,058
Intangible assets, net		203,470
Other assets		36,820
		530,627
Total assets	$	688,904
LIABILITIES AND STOCKHOLDER’S EQUITY
Current liabilities:
Trade accounts payable	$	46,491
Income taxes payable		4,934
Accrued interest payable		370
Accrued expenses and other current liabilities		34,575
Total current liabilities		86,370
Long-term debt, net		156,925
Deferred tax liability		5,934
Deferred rent expense		9,419
		172,278
Stockholder’s equity:
Common stock		2
Additional paid in capital		770,858
Accumulated other comprehensive loss, net of tax		(40,356	)
Accumulated deficit		(300,248	)
		430,256
Total liabilities and stockholder’s equity	$	688,904

Claire’s (Gibraltar) Holdings Limited

Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income

(in thousands)

	Three Months			Six Months
	Ended			Ended
	July 29, 2017			July 29, 2017
Net sales	$	120,604		$	224,265
Cost of sales, occupancy and buying expenses (exclusive of depreciation and amortization shown separately below)		59,891			114,168
Gross profit		60,713			110,097
Other expenses:
Selling, general and administrative		43,679			86,985
Depreciation and amortization		3,867			7,980
Severance and transaction-related costs		139			223
Other income, net		(5,001	)		(6,418	)
		42,684			88,770
Operating income		18,029			21,327
Interest expense, net		2,791			5,573
Income before income tax expense		15,238			15,754
Income tax expense		10,320			3,132
Net income		4,918			12,622
Foreign currency translation adjustments		3,362			3,846
Net gain on intra-entity foreign currency transactions, net of tax		5,395			8,132
Other comprehensive income		8,757			11,978
Comprehensive income	$	13,675		$	24,600

CLSIP Holdings LLC

Unaudited Condensed Statement of Cash Flows

(in thousands)

	Six Months
	Ended
	July 29, 2017
Net cash provided by operating activities	$	—
Net cash provided by investing activities		—
Net cash provided by financing activities		—
Net increase in cash and cash equivalents		—
Cash and cash equivalents, at beginning of period		—
Cash and cash equivalents, at end of period	$	—

CLSIP LLC

Unaudited Condensed Statement of Cash Flows

(in thousands)

	Six Months
	Ended
	July 29, 2017
Net cash provided by operating activities	$	—
Net cash provided by investing activities		—
Payments of unamortized interest related to long-term debt		(2,415	)
Intercompany activity, net		2,915
Net cash provided by financing activities		500
Net increase in cash and cash equivalents		500
Cash and cash equivalents, at beginning of period		—
Cash and cash equivalents, at end of period	$	500