Abercrombie & Fitch Reports June Sales Results
July 06 2006 - 9:00AM
PR Newswire (US)
NEW ALBANY, Ohio, July 6 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $243.0 million
for the five-week period ended July 1, 2006, a 10% increase over
last year's June net sales of $221.6 million. June comparable store
sales decreased 4% compared to the five-week period ended July 2,
2005. Year-to-date, the Company reported a net sales increase of
17% to $1.086 billion from $927.4 million last year. Comparable
store sales increased 3% for the year-to-date period. June 2006
Developments - Total Company net sales increased 10% - Total
Company comparable store sales declined 4% - Abercrombie &
Fitch comparable store sales declined 10% - abercrombie comparable
store sales increased 9% - Hollister Co. comparable store sales
declined 1% The Company operated 348 Abercrombie & Fitch
stores, 164 abercrombie stores, 342 Hollister Co. stores and ten
RUEHL stores at the end of fiscal June. 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 June 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 1A. RISK FACTORS" of
A&F's Annual Report on Form 10-K for the fiscal year ended
January 28, 2006, in some cases have affected and in the future
could affect the Company's financial performance and could cause
actual results for the 2006 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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