Abercrombie & Fitch Reports October Sales Results
November 05 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, Nov. 5 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $203.4 million
for the four-week period ended October 31, 2009 a 5% decrease from
net sales of $215.0 million for the four-week period ended November
1, 2008. October comparable store sales decreased 15%. Total
Company direct-to-consumer net merchandise sales increased 24% to
$22.0 million. Quarter-to-date, the Company reported a net sales
decrease of 15% to $765.5 million from $896.3 million last year.
Comparable store sales decreased 22% for the quarter-to-date
period. Quarter-to-date, total Company direct-to-consumer net sales
increased 11% to $63.9 million. Year-to-date, the Company reported
a net sales decrease of 20% to $2.026 billion from $2.542 billion
last year. Comparable store sales decreased 27% for the
year-to-date period. Year-to-date, total Company direct-to-consumer
net merchandise sales decreased 8% to $161.6 million. October 2009
Developments -- Total Company net sales decreased 5% -- Total
Company comparable store sales decreased 15% -- Total Company
direct-to-consumer net merchandise sales increased 24% --
Abercrombie & Fitch comparable store sales decreased 8% --
abercrombie comparable store sales decreased 17% -- Hollister Co.
comparable store sales decreased 21% -- RUEHL comparable store
sales decreased 23% At month end, the Company operated 347
Abercrombie & Fitch stores, 209 abercrombie stores, 509
Hollister Co. stores, 27 RUEHL stores and 16 Gilly Hicks stores in
the United States. The Company also operated three Abercrombie
& Fitch stores, three abercrombie stores and six Hollister Co.
stores in Canada, one Abercrombie & Fitch store and seven
Hollister Co. stores in the United Kingdom, and one Abercrombie
& Fitch store and one abercrombie store in Italy. 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 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
13, 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) 637-7707 and ask for the Abercrombie & Fitch
Quarterly Call or go to http://www.abercrombie.com/. The
international call-in number is (913) 312-0405. 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 7444736 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; estimates of expenses which
the Company may incur in connection with the closure of the RUEHL
stores and related direct-to-consumer operations; 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, +1-614-283-6385
Web Site: http://www.abercrombie.com/
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