Abercrombie & Fitch Reports Net Sales Increase 13%
November 30 2006 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, Nov. 30 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $282.9 million
for the four-week period ended November 25, 2006, a 13% increase
over last year's November net sales of $251.2 million. November
comparable store sales decreased 3% compared to the four-week
period ended November 26, 2005. Total Company direct-to-consumer
net sales increased 45% to $18.4 million for the four-week period
ended November 25, 2006. Year-to-date, the Company reported a net
sales increase of 19% to $2.462 billion from $2.075 billion last
year. Comparable store sales increased 3% for the year-to-date
period. Year-to-date, total Company direct-to-consumer net sales
increased 34% to $117.7 million. November 2006 Developments - Total
Company net sales increased 13% - Total Company direct-to-consumer
net sales increased 45% - Total Company comparable store sales
decreased 3% - Abercrombie & Fitch comparable store sales
decreased 5% - abercrombie comparable store sales were flat to last
year - Hollister Co. comparable store sales decreased 2% - RUEHL
comparable store sales were flat to last year The Company operated
357 Abercrombie & Fitch stores, 173 abercrombie stores, 377
Hollister Co. stores and 12 RUEHL stores in the United States at
the end of fiscal November. The Company operates three Abercrombie
& Fitch stores and three Hollister Co. stores in Canada. 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 November 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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