Abercrombie & Fitch Reports February Sales Results
March 04 2010 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, March 4 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch today reported net sales of $198.1 million for the
four-week period ended February 27, 2010, a 16% increase from net
sales of $171.4 million for the four-week period ended February 28,
2009. February comparable store sales increased 5%. Total Company
direct-to-consumer net merchandise sales increased 28% to $17.7
million. Additional information regarding sales for fiscal February
can be found in a pre-recorded message accessible by dialing (800)
395-0662, or, internationally, by dialing (402) 220-1262. February
2010 Highlights -- Total Company net sales, including
direct-to-consumer net sales, increased 16% -- Total Company
domestic net sales, including direct-to-consumer net sales,
increased 6% -- Total Company international net sales, including
direct-to-consumer net sales, increased 101% -- Total Company
comparable store sales increased 5% -- Total Company
direct-to-consumer net merchandise sales increased 28% --
Abercrombie & Fitch comparable store sales increased 8% --
abercrombie kids comparable store sales increased 11% -- Hollister
Co. comparable store sales increased 1% At month end, the Company
operated a total of 1,097 stores. The Company operated 341
Abercrombie & Fitch stores, 205 abercrombie kids stores, 507
Hollister Co. stores and 16 Gilly Hicks stores in the United
States. The Company also operated six Abercrombie & Fitch
stores, four abercrombie stores and 18 Hollister Co. stores
internationally. The Company also operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/,
http://www.hollisterco.com/ and http://www.gillyhicks.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 general and financial
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; availability and market prices 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 or other
adversarial proceedings. 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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