Abercrombie & Fitch Reports October Sales Results
November 06 2008 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, Nov. 6 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $215.0 million
for the four-week period ended November 1, 2008, a 14% decrease
from net sales of $251.1 million for the four-week period ended
November 3, 2007. October comparable store sales decreased 20%.
Total Company direct-to-consumer net sales decreased 4% to $17.7
million for the four-week period ended November 1, 2008, compared
to the four-week period ended November 3, 2007. Year-to-date, the
Company reported a net sales increase of 1% to $2.542 billion from
$2.521 billion last year. Comparable store sales decreased 8% for
the year-to-date period. Year-to-date, the Company reported that
direct-to-consumer net sales increased 17% to $175.9 million.
October 2008 Developments -- Total Company net sales decreased 14%
-- Total Company direct-to-consumer net sales decreased 4% -- Total
Company comparable store sales decreased 20% -- Abercrombie &
Fitch comparable store sales decreased 14% -- abercrombie
comparable store sales decreased 26% -- Hollister Co. comparable
store sales decreased 25% -- RUEHL comparable store sales decreased
26% The Company operated 353 Abercrombie & Fitch stores, 209
abercrombie stores, 495 Hollister Co. stores, 27 RUEHL stores and
13 Gilly Hicks stores in the United States at the end of fiscal
October. The Company operates three Abercrombie & Fitch stores,
one abercrombie store, three Hollister Co. stores in Canada, and
one Abercrombie & Fitch store and one Hollister Co. store in
London, England. The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/, and
http://www.hollisterco.com/ and http://www.ruehl.com/. To hear the
Abercrombie & Fitch pre-recorded October sales message, please
dial (800) 395-0662, or internationally, dial (402) 220-1262. The
Company will release its third quarter results on Friday, November
14, 2008, prior to the open of the market and hold a conference
call at 8:30 AM Eastern Time. 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 8532483 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 2, 2008, in some cases have affected and in the future
could affect the Company's financial performance and could cause
actual results for the 2008 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: Investors, Eric Cerny, Manager, Investor Relations of
Abercrombie & Fitch, +1-614-283-6385 Web site:
http://www.abercrombie.com/ http://www.abercrombiekids.com/
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