Abercrombie & Fitch Reports February Sales Results; Net Sales Increase 21%; Comparable Store Sales Increase 5%
March 02 2006 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, March 2 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $192.7 million
for the four-week period ended February 25, 2006, a 21% increase
over last year's February net sales of $159.9 million. February
comparable store sales increased 5% compared to the four-week
period ended February 26, 2005. February 2006 Developments - Total
Company net sales increased 21% - Total Company comparable store
sales increased 5% - Abercrombie & Fitch comparable store sales
declined 6% - abercrombie comparable store sales increased 31% -
Hollister Co. comparable store sales increased 15% The Company
operated 357 Abercrombie & Fitch stores, 161 abercrombie
stores, 320 Hollister Co. stores and eight RUEHL stores at the end
of February. The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/, and
http://www.hollisterco.com/. To hear the Abercrombie & Fitch
pre-recorded February sales message, please dial (800) 395-0662, or
internationally, dial (402) 220-1262. 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 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, 2006, 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; 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
CONTACT: Thomas D. Lennox, Vice President, 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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