Abercrombie & Fitch Reports April Sales Results
May 07 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, May 7 /PRNewswire-FirstCall/ -- Abercrombie &
Fitch (NYSE:ANF) today reported net sales of $202.4 million for the
four-week period ended May 2, 2009, a 16% decrease from net sales
of $241.0 million for the four-week period ended May 3, 2008. April
comparable store sales decreased 22%. Total Company
direct-to-consumer net sales decreased 24% to $15.2 million for the
four-week period ended May 2, 2009, compared to the four-week
period ended May 3, 2008. Year-to-date, the Company reported a net
sales decrease of 23% to $612.1 million from $800.1 million last
year. Comparable store sales decreased 30% for the year-to-date
period. Year-to-date, total Company direct-to-consumer net sales
decreased 21% to $49.1 million. April 2009 Developments -- Total
Company net sales decreased 16% -- Total Company direct-to-consumer
net sales decreased 24% -- Total Company comparable store sales
decreased 22% -- Abercrombie & Fitch comparable store sales
decreased 17% -- abercrombie comparable store sales decreased 27%
-- Hollister Co. comparable store sales decreased 26% -- RUEHL
comparable store sales decreased 30% The Company operated 350
Abercrombie & Fitch stores, 209 abercrombie stores, 507
Hollister Co. stores, 29 RUEHL stores and 16 Gilly Hicks stores in
the United States at the end of fiscal April. The Company operates
three Abercrombie & Fitch stores, three abercrombie stores and
five Hollister Co. stores in Canada, and one Abercrombie &
Fitch store and three Hollister Co. stores in the United Kingdom.
The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/,
http://www.hollisterco.com/, http://www.ruehl.com/ and
http://www.gillyhicks.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 Friday, May 15, 2009, 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 (888) 737-3699 and ask for the
Abercrombie & Fitch Quarterly Call or go to
http://www.abercrombie.com/. The international call-in number is
(913) 312-6693. 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 6945787
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 January 31, 2009, in some cases have affected and
in the future could affect the Company's financial performance and
could cause actual results for the 2009 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: current financial crisis and general
economic conditions; 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: Eric Cerny, Manager, Investor Relations, Abercrombie &
Fitch, +1-614-283-6385 Web Site: http://www.abercrombie.com/
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