Abercrombie & Fitch Reports February Net Sales Increase to $206.6 Million;
March 08 2007 - 8:00AM
PR Newswire (US)
Abercrombie & Fitch London Flagship to Open March 22, 2007 NEW
ALBANY, Ohio, March 8 /PRNewswire-FirstCall/ -- Abercrombie &
Fitch (NYSE:ANF) today reported net sales of $206.6 million for the
four-week period ended March 3, 2007, a 7% increase over net sales
of $192.7 million for the four-week period ended February 25, 2006.
February comparable store sales decreased 6%. Total Company
direct-to-consumer net sales increased 32% to $12.2 million for the
four-week period ended March 3, 2007, compared to the four-week
period ended February 25, 2006. February 2007 Developments * Total
Company net sales increased 7% * Total Company direct-to-consumer
net sales increased 32% * Total Company comparable store sales
decreased 6% * Abercrombie & Fitch comparable store sales
decreased 4% * abercrombie comparable store sales decreased 4% *
Hollister Co. comparable store sales decreased 9% * RUEHL
comparable store sales decreased 12% London Flagship On March 22,
2007, the Company plans to open its first European location, a
flagship in London, at 7 Burlington Gardens. The Company will hold
a security analyst tour of the store on March 20, 2007 at 10:00 AM
GMT. Analysts interested in attending the event should contact Jill
Swansegar, Investor Relations and Communications Coordinator at
(614) 283-6751 or via email at . The Company operated 358
Abercrombie & Fitch stores, 178 abercrombie stores, 392
Hollister Co. stores and 15 RUEHL stores in the United States at
the end of fiscal February. The Company also operated 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 February sales message, please dial (800) 395-0662, or
internationally, dial (402) 220-1262. For further information,
call: Thomas D. Lennox Vice President, Corporate Communications
(614) 283-6751 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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