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): February 24, 2004


                              HANCOCK FABRICS, INC.
               (Exact Name of Registrant as Specified in Charter)


                         Commission File Number 1 - 9482

          Delaware                                               64-0740905
  (State or other jurisdiction                               (I. R. S. Employer
of incorporation or organization)                            Identification No.)

   3406 West Main Street, Tupelo, MS                                38801
(Address of principal executive offices)                          (Zip Code)


               Registrant's telephone number, including area code
                                 (662) 842-2834

<PAGE>

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (c)           Exhibits:

           Exhibit
            Number      Description
         -------------  -------------------------------------------------------

             99.1       Press release issued by Hancock Fabrics, Inc., dated
                        February 24, 2004




Item 12.  Results of Operations and Financial Condition

On February 24, 2004, Hancock Fabrics,  Inc. issued a press release  announcing,
among other  things,  its  quarterly  earnings  results  for the  quarter  ended
February 1, 2004.  A copy of the press  release is  attached as Exhibit  99.1 to
this Current Report on Form 8-K.


                                       2
<PAGE>

                                    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 thereunto duly authorized.

                                         HANCOCK FABRICS, INC.
                                             (Registrant)

                                         By:  /s/ Bruce D. Smith
                                             ------------------------
                                                 Bruce D. Smith

                                          Senior Vice President and
                                           Chief Financial Officer
                                          (Principal Financial and
                                             Accounting Officer)

February 25, 2004



                                       3
<PAGE>


                                INDEX TO EXHIBITS


   Exhibit
    Number       Description
---------------  --------------------------------------------------------------

     99.1        Press release issued by Hancock Fabrics, Inc., dated
                 February 24, 2004




                                       4
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{"company-data": {"conformed-name": "HANCOCK FABRICS INC", "cik": "0000812906", "assigned-sic": "5940", "irs-number": "640740905", "state-of-incorporation": "DE", "fiscal-year-end": "0129"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09482", "film-number": "04627318"}, "business-address": {"street1": "3406 W MAIN ST", "city": "TUPELO", "state": "MS", "zip": "38803", "phone": "6018422834"}, "mail-address": {"street1": "P O BOX 2400", "city": "TUPELO", "state": "MS", "zip": "38803-2400"}}
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): February 24, 2004

                              HANCOCK FABRICS, INC.
               (Exact Name of Registrant as Specified in Charter)

                         Commission File Number 1 - 9482

          Delaware                                               64-0740905
  (State or other jurisdiction                               (I. R. S. Employer
of incorporation or organization)                            Identification No.)

   3406 West Main Street, Tupelo, MS                                38801
(Address of principal executive offices)                          (Zip Code)

               Registrant's telephone number, including area code
                                 (662) 842-2834
Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (c)           Exhibits:

           Exhibit
            Number      Description
         -------------  -------------------------------------------------------

             99.1       Press release issued by Hancock Fabrics, Inc., dated
                        February 24, 2004

Item 12.  Results of Operations and Financial Condition

On February 24, 2004, Hancock Fabrics,  Inc. issued a press release  announcing,
among other  things,  its  quarterly  earnings  results  for the  quarter  ended
February 1, 2004.  A copy of the press  release is  attached as Exhibit  99.1 to
this Current Report on Form 8-K.

                                       2
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 thereunto duly authorized.

                                         HANCOCK FABRICS, INC.
                                             (Registrant)

                                         By:  /s/ Bruce D. Smith
                                             ------------------------
                                                 Bruce D. Smith

                                          Senior Vice President and
                                           Chief Financial Officer
                                          (Principal Financial and
                                             Accounting Officer)

February 25, 2004

                                       3
INDEX TO EXHIBITS

   Exhibit
    Number       Description
---------------  --------------------------------------------------------------

     99.1        Press release issued by Hancock Fabrics, Inc., dated
                 February 24, 2004

                                       4