Abercrombie & Fitch Reports April Sales Results
May 10 2007 - 9:00AM
PR Newswire (US)
NEW ALBANY, Ohio, May 10 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $204.6 million
for the four-week period ended May 5, 2007 compared to net sales of
$207.8 million for the four- week period ended April 29, 2006.
April comparable store sales decreased 15% for the four-week period
ended May 5, 2007, compared to the four-week period ended May 6,
2006. Total Company direct-to-consumer net sales increased 48% to
$13.6 million for the four-week period ended May 5, 2007, compared
to the four-week period ended April 29, 2006. Year-to-date, the
Company reported a net sales increase of 13% to $742.4 million from
$657.3 million last year. Comparable store sales decreased 4% for
the year-to-date period. Year-to-date, total Company
direct-to-consumer net sales increased 43% to $43.5 million. April
2007 Developments -- Total Company net sales $204.6 million --
Total Company direct-to-consumer net sales $13.6 million -- Total
Company comparable store sales decreased 15% -- Abercrombie &
Fitch comparable store sales decreased 13% -- abercrombie
comparable store sales decreased 18% -- Hollister Co. comparable
store sales decreased 17% -- RUEHL comparable store sales decreased
6% The Company expects to report net income per diluted share of
$0.64 to $0.65 for the first quarter of fiscal 2007. Despite
difficult selling conditions, the Company expects to achieve its
projected growth primarily through prudent expense management. The
Company operated 355 Abercrombie & Fitch stores, 180
abercrombie stores, 396 Hollister Co. stores and 16 RUEHL stores in
the United States at the end of fiscal April. The Company operated
three Abercrombie & Fitch stores and three Hollister Co. stores
in Canada, and one Abercrombie & Fitch store in London,
England. 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 April sales message, please dial (800) 395-0662, or
internationally, dial (402) 220-1262. The Company will release its
first quarter results on Wednesday, May 23, 2007, after the close
of the market and hold its conference call at 4:30 PM Eastern Time.
At that time the Company will provide additional information about
its first quarter results. To listen to the conference call, dial
(800) 811-0667 and ask for the Abercrombie & Fitch Quarterly
Call or go to http://www.abercrombie.com/. The international
call-in number is (913) 981- 4901. This call will be recorded and
made available by dialing the replay number (888) 203-1112 or the
international number (719) 457-0820, followed by the conference ID
number 5786431 or through http://www.abercrombie.com/. 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, Abercrombie & Fitch, +1-614-283-6751 Web site:
http://www.abercrombie.com/ http://www.abercrombiekids.com/
http://www.hollisterco.com/
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