Abercrombie & Fitch Reports March Net Sales Increase 29%; Comparable Store Sales Increase 7%
April 12 2007 - 9:00AM
PR Newswire (US)
NEW ALBANY, Ohio, April 12 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $331.2 million
for the five-week period ended April 7, 2007, a 29% increase over
net sales of $256.7 million for the five-week period ended April 1,
2006. March comparable store sales increased 7% for the five-week
period ended April 7, 2007, compared to the five-week period ended
April 8, 2006. Total Company direct-to-consumer net sales increased
47% to $17.7 million for the five-week period ended April 7, 2007,
compared to the five-week period ended April 1, 2006. Year-to-date,
the Company reported a net sales increase of 20% to $537.8 million
from $449.5 million last year. Comparable store sales increased 1%
for the year-to-date period. Year-to-date, total Company
direct-to-consumer net sales increased 41% to $29.8 million. March
2007 Developments -- Total Company net sales increased 29% -- Total
Company direct-to-consumer net sales increased 47% -- Total Company
comparable store sales increased 7% -- Abercrombie & Fitch
comparable store sales increased 4% -- abercrombie comparable store
sales increased 11% -- Hollister Co. comparable store sales
increased 8% -- RUEHL comparable store sales increased 6% -- During
March the Company opened its London Flagship on Savile Row The
Company operated 361 Abercrombie & Fitch stores, 178
abercrombie stores, 395 Hollister Co. stores and 15 RUEHL stores at
the end of fiscal March. 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 March 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 February 3, 2007, in some cases have affected and
in the future could affect the Company's financial performance and
could cause actual results for the 2007 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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