Abercrombie & Fitch Reports October Sales Increase Of 41%; Comparable Store Sales Increase 31%
November 03 2005 - 8:01AM
PR Newswire (US)
NEW ALBANY, Ohio, Nov. 3 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch Co. (NYSE:ANF) today reported net sales of $189.2
million for the four-week period ended October 29, 2005, a 41%
increase over last year's October sales of $133.9 million. October
comparable store sales increased 31% compared with the four-week
period ended October 30, 2004. Year-to-date, the Company reported a
net sales increase of 37% to $1.823 billion from $1.334 billion
last year. Comparable store sales increased 24% for the
year-to-date period. October 2005 Highlights - Total Company net
sales increased 41% - Total Company comparable store sales
increased 31% - Abercrombie & Fitch comparable store sales
increased 20% - abercrombie comparable store sales increased 76% -
Hollister Co. comparable store sales increased 34% The Company
operated 354 Abercrombie & Fitch stores, 163 abercrombie
stores, 297 Hollister Co. stores and 6 RUEHL stores at the end of
fiscal October. The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/, and
http://www.hollisterco.com/. To hear Abercrombie & Fitch's
pre-recorded October sales message, please dial (800) 395-0662, or
internationally, dial (402) 220-1262. The Company will release its
results for the third quarter on Tuesday, November 15, at 4:30 PM
Eastern Time. To listen to the LIVE conference call, dial (800)
811-0667 and ask for the Abercrombie & Fitch Quarterly Call or
go to http://www.abercrombie.com/. The international call-in number
is (913) 981-4901. This call will be recorded and made available by
dialing the replay number (888) 203-1112 or the international
number (719) 457-0820, followed by the conference ID number 9447177
or through http://www.abercrombie.com/. SAFE HARBOR STATEMENT UNDER
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 A&F
cautions that any forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995)
contained in this Press Release, A&F's Form 10-K or made by
management of A&F involve risks and uncertainties and are
subject to change based on various important factors, many of which
may be beyond the Company's control. Words such as "estimate,"
"project," "plan," "believe," "expect," "anticipate," "intend," and
similar expressions may identify forward-looking statements. The
following factors, in addition to those included in the disclosure
under the heading "FORWARD- LOOKING STATEMENTS AND RISK FACTORS" in
"ITEM 1. BUSINESS" of A&F's Annual Report on Form 10-K for the
fiscal year ended January 29, 2005, in some cases have affected and
in the future could affect the Company's financial performance and
could cause actual results for the 2005 fiscal year and beyond to
differ materially from those expressed or implied in any of the
forward- looking statements included in this Press Release or
otherwise made by management: changes in consumer spending patterns
and consumer preferences; the effects of political and economic
events and conditions domestically and in foreign jurisdictions in
which the Company operates, including, but not limited to, acts of
terrorism or war; the impact of competition and pricing; changes in
weather patterns; postal rate increases and changes; paper and
printing costs; market price of key raw materials; ability to
source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential
duties, tariffs or quotas; availability of suitable store locations
at appropriate terms; ability to develop new merchandise; and
ability to hire, train and retain associates, and the outcome of
pending litigation. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. Therefore, there can be no assurance that the
forward-looking statements included in this Press Release will
prove to be accurate. In light of the significant uncertainties in
the forward-looking statements included herein, the inclusion of
such information should not be regarded as a representation by the
Company, or any other person, that the objectives of the Company
will be achieved. The forward-looking statements herein are based
on information presently available to the management of the
Company. Except as may be required by applicable law, the Company
assumes no obligation to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. DATASOURCE: Abercrombie & Fitch
Co. CONTACT: Thomas D. Lennox, Director, Investor Relations and
Corporate Communications of Abercrombie & Fitch,
+1-614-283-6751 Web site: http://www.abercrombie.com/
http://www.abercrombiekids.com/ http://www.hollisterco.com/
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